Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
United States. The US dollar is moderately strengthening against its main counterparts—the euro, the pound, and the yen.
EUR/USD. The EUR/USD pair has been extending its downward move for a fourth consecutive week and is currently holding near 1.1630.
EUR/USD. The European currency shows a slight decline during the Asian session, consolidating near the 1.1635 level, as market activity remains fairly subdued amid a lack of fresh drivers for price movement.
Prospects for strengthening of the Japanese currency appear limited, despite the high level of public support for the new Prime Minister Sanae Takaichi.
Shares of U.S. diversified innovation and manufacturing corporation 3M Co. are holding within a corrective trend near the 169.00 level.
United States. The U.S. dollar is losing ground against its major peers—the euro, the pound, and the yen.
EUR/USD The European currency is consolidating around 1.1640 and local lows updated at the end of last week, as market participants assess key U.S. macroeconomic data released the day before.
The U.S. dollar is showing mixed dynamics against the Japanese yen, extending the bullish impulse formed last Friday, which acted as a catalyst for a fresh move to record highs not seen since January 2025. During the Asian session, USD/JPY is once again testing the 158.01 level for an upside breakout. Pressure on the yen is being amplified by rising geopolitical risks, primarily linked to the evolution of diplomatic relations between Japan and China. At the start of the year, Beijing introduced additional restrictions on exports of dual-use goods and strictly military products, affecting key components for electronics, sensors, shipping, and the aerospace sector. These measures could complicate the strategic plans of Prime Minister Sanae Takaichi’s government aimed at strengthening Japan’s defense capabilities. The situation is further exacerbated by persistent tensions around Taiwan and sharp statements from the Republican administration in the White House regarding strategic territories and economic interests in the Asia-Pacific region.
The EUR/USD pair is holding within a corrective trend near 1.1678. The euro remains in a neutral position even after last week’s macroeconomic data showed that the European economy is gradually emerging from the stagnation observed since early summer 2025, which had been driven by high uncertainty surrounding U.S. trade policy.
EUR/USD. The European currency is showing modest gains against the US dollar, correcting after a confident downward move in the first weeks of the new year and testing the 1.1667 level.
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