Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
5
December
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By Sagar Dua - 334
EUR/USD. The euro is trading sideways in the EUR/USD pair, extending a mild corrective move that formed yesterday: the pair is testing the 1.1650 level to break lower while investors digest fresh macroeconomic data.
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By Sagar Dua
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The EUR/USD pair is moving in a corrective trend around 1.1654: recent EU data has had little impact on the euro, but at 12:00 (GMT+2) fresh numbers on the state of the eurozone economy will be released, which could increase volatility in the pair.
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By Sagar Dua
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The euro–dollar pair (EUR/USD) bounced from the 1.15 area in late November and has since moved toward 1.1650, supported by growing expectations that the Federal Reserve will cut rates more aggressively in the coming year.
4
December
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By Sagar Dua
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EUR/USD. The euro is gaining in value against the US dollar in the EUR/USD pair, consolidating near 1.1685 and the local highs from October 17. The instrument is developing a fairly strong bullish impulse formed the day before, as well as an overall short-term upward trend.
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By Sagar Dua
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The benchmark Brent crude oil price is moving in a downward trend below 63.00, with trading volumes remaining stable against the backdrop of fresh sector forecasts from Fitch Ratings. The agency now expects the average price per barrel this year to be 69.0 dollars, below the previous estimate of 70.0 dollars, while in 2026 and 2027 experts project a correction to 63.0 and 65.0 dollars respectively, amid a significant supply surplus driven by steady production. In addition, analysts’ estimates factor in a possible reduction in exports from Russia and the maintenance of current output levels agreed within OPEC+.
3
December
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By Sagar Dua
- 261
The British pound is strengthening in the GBP/USD pair, recovering after the decline seen earlier this week when the instrument retreated from the local highs recorded on October 29.
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By Sagar Dua
- 241
EUR/USD. The euro is strengthening in the EUR/USD pair during the Asian session, once again testing the 1.1645 level, while overall market activity remains elevated as investors prepare for next week’s Federal Reserve meeting. Forecasts suggest that the regulator will cut the interest rate by 25 basis points to 3.75% and may also signal a willingness to further ease monetary policy if macroeconomic data remains weak. This was reiterated yesterday by Fed Chair Jerome Powell during his speech at the George P. Shultz Memorial Lecture at Stanford University’s Hoover Institution. Powell noted that the Federal Reserve is currently prepared to loosen policy parameters, but final decisions will depend on incoming economic data and persistent inflation risks. The November labor market report will not be released this week due to the record-long government shutdown that lasted until mid-November. The data will appear only after the Fed meeting and will influence expectations for subsequent decisions.
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By Sagar Dua
- 271
EUR/USD. The euro is gaining against the USD in the EUR/USD pair, once again testing the 1.1645 level, while overall market activity remains elevated as investors prepare for next week’s Federal Reserve meeting.
2
December
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By Sagar Dua
- 367
India’s currency opened the week under mild pressure, sending USD/INR to roughly 89.5997 (+0.27%). The exchange rate continues drifting higher, holding above the 89.00 threshold even as other carry currencies outperform.
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By Sagar Dua
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RTX Corp. shares, a major aerospace and defense manufacturer, have been correcting lower for the second month in a row against the backdrop of a long-term uptrend and are currently attempting to consolidate below 168.75 (Murray level [6/8]).
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By Sagar Dua
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EUR/USD. The euro is gaining ground against the US dollar, once again testing the 1.1610 level on an upside breakout attempt. Market activity remains restrained as investors and FX traders await fresh catalysts.
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By Sagar Dua
- 288
The USD/CAD pair is consolidating around 1.3988 as the Canadian dollar maintains relatively stable dynamics on the back of supportive macroeconomic data.
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