US Dollar

The EURUSD is under pressure and extending to the downside, falling to new lows not seen since June 26. That date marked a bullish breakout above a key swing area on the daily chart between 1.1663 and 1.1691—a zone that had previously served as strong support/resistance going back to April...

The AUDUSD remains confined to a choppy, back-and-forth range, though with a slightly bullish tilt following this week’s Reserve Bank of Australia (RBA) decision. The central bank surprised markets on Tuesday by holding its benchmark rate unchanged, defying expectations for a 25 basis point cut. The surprise shifted sentiment in...

The USDCAD is moving higher in early North American trading helped by stronger initial jobless claims, and building on bullish momentum after a successful test of key downside support. Last week, buyers leaned on the 1.3555 support level, which also held above the 2025 low at 1.35389. The strong bounce...

The USDCHF moved higher following a better-than-expected U.S. initial jobless claims report, indicating continued strength in the labor market. However, the rise in continuing claims to their highest level since 2021 suggests that those who lose jobs are finding it harder to get rehired — a sign of underlying friction...

The USD is little changed to start the US session vs the EUR, JPY and GBP. The price action has seen the USD move lower in the Asian Pacific session as reports of a growing divide at the Fed from the WSJs Timiraos weakened the greenback. However, those declines have...

On the JPY side, we got some disappointing wage growth figures on Monday and the US-Japan negotiations don’t look to be going well. As a reminder, the BoJ continues to place a great deal on the US-Japan trade deal before looking at adjusting rates. So, negative news on the trade...

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,”...

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value...

UBS has revised its USD/JPY Q3 forecast higher to 140 from 135, citing continued dollar resilience and a cautious Bank of Japan policy backdrop. The bank notes that a test of the 200-day moving average near 150 cannot be ruled out in the near term, particularly if U.S. Treasury yields...