USD in the spotlight: latest news

The AUD/USD pair has risen for the second consecutive day, increasing by 0.36% as the US dollar weakens due to slowing economic growth and rising inflation. The currency pair is approaching the 0.7100 level and is eyeing its year-to-date high.

The GBP/USD pair strengthened as traders responded to the U.S. Supreme Court's decision and anticipated upcoming PMI data. Meanwhile, the USD/CAD increased in value despite a significant rally in precious metals.

The US dollar experienced a slight rally during Thursday's trading session in anticipation of the upcoming core PCE price index data.

The US Dollar has gained strength as the week concludes, with the EUR/USD pair hovering around a four-week low of 1.1742. The USD continues to show resilience in the market.

The British Pound experienced a significant intraday recovery, driven by strong retail sales data from the UK. This positive economic indicator has boosted investor confidence in the currency.

Macro risks emerge as EUR/USD and GBP/USD approach critical technical levels. With changing rate expectations and increasing uncertainties, the market is poised for significant movements.

The US dollar has experienced significant fluctuations against the Canadian dollar during Thursday's trading sessions. Currently, the price action is centered around the 1.37 level.

Strong US labor data and a cautious stance from the Federal Reserve have pushed the DXY index close to 98.00, negatively impacting the outlook for both EUR/USD and GBP/USD.

The US Dollar (USD) experienced a significant rebound from its previous week's decline, successfully retesting the level just above the 98.00 mark as stronger economic data emerged.

The EUR/USD currency pair experienced bearish pressure on Wednesday afternoon, falling to the 1.1780 level and closing the day with a loss of approximately 0.6%.

The US dollar surged against the Japanese yen on Wednesday, as traders sought to capitalize on the interest rate differential.

The US Dollar Index is currently testing the $97.80 resistance level following hawkish signals from the Federal Reserve. Traders are now anticipating the upcoming PCE inflation data, while GBP/USD and EUR/USD face potential downside risks.

The GBP/USD exchange rate remained stable on Thursday morning after experiencing its lowest point in nearly three weeks earlier.

EUR/USD has experienced a recent rally that appears to be pausing just above the 1.1900 level. This price point is currently acting as a resistance barrier, as sellers are becoming more active in the market.

The US dollar appears to be attempting a rebound following a slight decline on Wednesday, as it fluctuates against the Mexican peso.

The USD/CAD currency pair remains stable as the 20-day exponential moving average (EMA) holds firm, supported by a strong US dollar that is resisting downward pressure in global forex markets this week.

The Dollar Index is currently testing the 50-day moving average at 97.98 and facing 61.8% resistance following hawkish comments from the Federal Reserve. A potential textbook bottom is forming, indicating a possible breakout above the 200-day moving average.

The Australian Dollar's four-week rally has stalled as it approaches significant resistance levels. The future direction of the AUD/USD pair depends on whether buyers can overcome the three-year highs.

The USD/CAD currency pair is gaining momentum after establishing support along a long-term trendline, moving closer to the yearly opening level, which has previously acted as a significant barrier.

The U.S. dollar is experiencing an upward trend, backed by positive economic reports.

The US Dollar is currently fluctuating within a specific monthly range after declining from recent highs. A breakout from this consolidation could determine the direction of the next movement.

The recent upward movement of EUR/USD appears to be losing momentum just above the 1.1900 mark, where modest resistance is currently limiting further gains.

On Wednesday, February 18, the US Dollar Index experienced a rise, recovering from the previous day's fluctuations. It is now nearing a significant pivot level of 97.522.

JP Morgan has raised its forecasts for the Australian dollar to $0.73 in Q2, up from the previous estimate of $0.68. The New Zealand dollar forecast has also been increased to $0.63, up from $0.59. Additionally, the USD/JPY exchange rate is projected to reach 164 by Q4.

The euro maintained its position above the critical 1.1800 level yesterday, which will play a crucial role in determining the short-term outlook for the EUR/USD currency pair.