Forex Market Review: Dollar Gains as Eurozone Growth Slows
United States of America. The US dollar is strengthening against the euro and the pound, while showing mixed performance against the yen.
Markets
6
October
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By Sagar Dua - 111
Against the backdrop of a stronger US dollar, the USD/JPY pair is correcting within an upward trend near 158.13, returning to more familiar price levels almost a month after a period of active decline.
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By Sagar Dua
- 215
United States. The US dollar is strengthening against the pound, yen and euro in the forex market.
5
October
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By Sagar Dua
- 94
Supported by relatively stable US dollar dynamics, the USD/CAD pair is correcting near 1.4280 against the backdrop of generally stable Canadian macroeconomic data.
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By Sagar Dua
- 71
Last week, the USD/JPY pair attempted to extend its gains but failed to sustain a move above 157.81 (Murray level [5/8]) and is currently trading near 157.95 amid uncertainty over the next steps by the Bank of Japan and the US Federal Reserve.
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By Sagar Dua
- 157
The leading US stock market index, the S&P 500, is correcting near 7706.0 amid persistent tensions in the Middle East and Brent crude prices remaining above 100.00 per barrel.
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By Sagar Dua
- 138
Against the backdrop of a local strengthening of the US dollar at the end of last week and the beginning of this week, EUR/USD is correcting near 1.1176, while the euro remains under pressure from Europe's energy crisis and renewed fiscal concerns in France.
1
October
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By Sagar Dua
- 103
This week, GBP/USD returned to growth after five consecutive weeks of decline and tested 1.3305 (Murray level [2/8]) yesterday, although it failed to consolidate above this mark. At the time of writing, the pair is trading near 1.3264.
30
September
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By Sagar Dua
- 123
Since the end of last week, USD/JPY has resumed its decline and is currently trading near 156.80, approaching 156.25 (Murray level [4/8]), as the U.S. dollar comes under pressure from renewed uncertainty over the Federal Reserve’s next steps.
29
September
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By Sagar Dua
- 399
Crédit Agricole expects USD/JPY to rise toward 163 by the end of 2026 before the Japanese yen begins a gradual recovery next year, while JPMorgan sees signs of stronger domestic demand for the currency near recent lows.
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By Sagar Dua
- 106
The AUD/USD pair continues to decline for a fourth consecutive week, trading near the 0.7000 area and approaching its lowest levels in around three months, despite another interest rate increase by the Reserve Bank of Australia.
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By Sagar Dua
- 181
The EUR/USD pair continues its sustained downward trend, falling toward 1.1352 (Murray level [2/8]), as the US dollar remains supported by elevated Treasury yields and increasingly hawkish expectations surrounding Federal Reserve monetary policy.
17
September
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By Sagar Dua
- 115
Australia's benchmark ASX 200 index is showing a local downward trend, trading near 8,709.0.
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