USD in the spotlight: latest news

The EUR/USD exchange rate is currently at 1.1566, recovering from a low of 1.1467. This rebound comes amid a U.S. data blackout, uncertainty surrounding the Federal Reserve, and a slowdown in the Eurozone economy.

The USD/JPY exchange rate is currently at ¥153.41, following a peak of ¥154.48. This movement comes amid warnings of potential interventions from Japan, alongside a nearly 70% likelihood of a Federal Reserve interest rate cut. These factors are shaping the market outlook for the yen.

The South African rand experienced a significant rebound in October, driven by stable policies, improved trade sentiment, and a stronger global appetite for risk.

The USD/ZAR exchange rate concluded the week at approximately 17.32, showing minimal variation from Monday's opening levels, as the South African rand maintained its position.

The price of gold (XAU/USD) is expected to rise if the government shutdown continues and weak labor data compels the Federal Reserve to take action in December.

The weekly Forex forecast includes analysis for USD/JPY, NZD/USD, S&P 500, and NASDAQ 100. It highlights key levels and suggests the top trades for the upcoming week.

The U.S. dollar declined against major currencies, including the euro and Swiss franc, on Friday as investors reacted to the Federal Reserve's outlook and concerns over a potential government shutdown.

The GBP/USD exchange rate has reached $1.3160 following the Bank of England's decision to maintain interest rates at 4%. Meanwhile, the U.S. Dollar Index fell below 101 due to disappointing jobs data and a six-week government shutdown, contributing to the pound's rally.

The Euro to Dollar (EUR/USD) exchange rate has seen a modest rebound following a significant correction in October, currently stabilizing near the lower range of its multi-month trading pattern.

The Reserve Bank of Australia maintained interest rates at 3.6%, indicating a cautious outlook for 2026. Traders are now focusing on Australia's labor data and the forthcoming US Consumer Price Index report.

The Swiss franc remains strong as we approach the end of the year, driven by persistent safe-haven demand despite a recovery in broader risk assets. Analysts at UBS suggest that the EUR/CHF exchange rate could face risks of dropping to 0.92 due to potential shocks, while a recovery could push it up to 0.94.

The U.S. dollar weakened against key currencies, including the euro and Swiss franc, as investors assessed the Federal Reserve's hawkish outlook in light of economic conditions and the potential for a government shutdown.

The Canadian Dollar surged on Friday following stronger-than-expected employment data, indicating a rebound in the labor market and bolstering confidence in the economy.

The GBP/USD pair has increased to 1.3124 from a low of 1.3008, as the U.S. Dollar Index fell to 99.53 during a prolonged 38-day government shutdown. Market participants are now focusing on the resistance level at 1.3247 and the support level at 1.278.

The GBP/USD weekly forecast appears slightly bullish due to a weakening US dollar attributed to an ongoing government shutdown. Market attention is focused on the potential actions of the central bank.

Gold prices reached a higher high of $4027 and a higher low of $3974 on Friday. The price is set to close above the declining 10-day moving average of $3978, marking the first time this has occurred since October 20.

The weekly forecast for AUD/USD indicates that the currency pair remains stable around the 0.6500 mark, despite mixed economic data from both Australia and the United States released last week.

The EUR/USD currency pair is stabilizing around 1.1560 as the U.S. Dollar Index (DXY) declines to 99.53 due to a prolonged 38-day U.S. government shutdown. The Euro is benefiting from lower yields, a 66% probability of a Federal Reserve rate cut, and a consistent stance from the European Central Bank.

ING has revised its Euro to Dollar (EUR/USD) forecast, projecting the exchange rate to reach 1.18 by the end of 2025. The Euro has recently declined significantly, dropping to around 1.15 after temporarily exceeding 1.19.

Gold has decreased by 8.7% from its record high, with the XAU/USD trading slightly above the $4,000 level. Although the overall trend appears positive, the short-term momentum is uncertain.

The US dollar is experiencing some weakness on Friday, with the euro showing only a slight and fragile recovery. The British pound encounters resistance around the 1.32 level, while the EUR/GBP exchange rate is also under pressure.

The dollar began the week on a strong note but struggled to maintain its position. This shift is likely to lead to significant movements in major currency pairs.

The USD/JPY currency pair is currently trading around 152.85, having previously reached highs of 153.50. The decline in the Japanese yen is attributed to weaker consumer spending in Japan, which increased by only 1.8%, and a decrease in real wages by 1.4%. Additionally, the announcement of 153,000 job cuts in the U.S. has contributed to market volatility.

The US Dollar weakened, leading to a decline in USD/JPY towards 152.85. This drop is attributed to disappointing US economic data and comments from Japan that have raised concerns about potential rate hikes and currency volatility.

Rabobank forecasts that the US Dollar to Brazilian Real (USD/BRL) exchange rate will stabilize at 5.55 by the end of 2025. On Friday, the exchange rate remained steady at around 5.35, with the Brazilian Real exhibiting minimal fluctuations amidst ongoing trade activities.