USD in the spotlight: latest news

The US dollar experienced a brief rally during Monday's trading session against the Swiss franc, but ultimately retraced its gains, indicating signs of exhaustion.

The Pound to US Dollar (GBP/USD) exchange rate remained stable on Tuesday after the release of the latest S&P Global PMIs for the UK. Investors are closely monitoring the Federal Reserve's actions.

The British pound strengthened against the US dollar as the greenback weakened after a brief rebound following the Federal Open Market Committee's meeting. This trend indicates that policy divergence is currently providing support for the pound.

GBP/USD remains stable as investors await the release of PMIs and a speech from Fed Chair Powell. Meanwhile, the DAX is experiencing gains fueled by optimism surrounding AI developments and an increase in German business activity.

Traders are closely monitoring USD/JPY, as the Bank of Japan's policy depends on the Services PMI and signals from the Federal Reserve. Meanwhile, AUD/USD is under scrutiny due to Australian inflation data, which will impact the Reserve Bank of Australia's upcoming decisions.

The U.S. Dollar Index has stabilized as traders assess the latest Composite PMI report, which showed a decrease from 54.6 in August to 53.6 in September.

The USD/CHF currency pair is set to experience its seventh consecutive weekly decline, with prices trading slightly above key support levels ahead of the Swiss National Bank (SNB) meeting.

The USD/CHF pair is trading quietly around 0.7925 during the late European trading session on Tuesday. The Swiss Franc remains cautious as the US Dollar faces challenges.

The US Dollar Index remains stable around 97.40 as the Federal Reserve adopts a cautious stance. Traders of GBP/USD and EUR/USD are on alert due to upcoming PMI data and conflicting policy perspectives.

The USD/JPY currency pair has increased by nearly 2% from its lows following the Federal Open Market Committee (FOMC) meeting, maintaining its September trading range. Key U.S. inflation data is anticipated, creating significant interest in the short-term technical outlook for this pair.

The Euro continued to strengthen on Tuesday, pushing EUR/USD above the 1.1800 level and reaching new three-day highs.

The US dollar experienced a rally against the Canadian dollar on Monday morning, fluctuating around the 1.38 level.

The Euro to Dollar exchange rate rose slightly above 1.18 but faced challenges in gaining traction due to conflicting signals from central banks and inconsistent economic data from the Eurozone.

The US Dollar strengthened as traders anticipate a speech from Federal Reserve Chairman Jerome Powell. Attention is on the key resistance level at 98.238, as the Fed's tone could indicate the next steps regarding interest rates and influence the DXY outlook.

The market is currently focused on the divergence in monetary policies, as the Bank of England (BoE) is expected to maintain higher interest rates for a longer period compared to the Federal Reserve. This situation is providing support for the GBP/USD currency pair.

The USD/CHF pair experienced a decline on Tuesday but continues to hold above the 0.7900 level. However, it remains below key technical resistance and the 0.8000 threshold, indicating a bearish trend.

The British pound showed a slight rally during Monday's trading session, remaining near the 50-day exponential moving average.

The GBP/USD exchange rate remained stable on Tuesday as the British Pound faced challenges in strengthening against a robust US Dollar, following disappointing UK PMI data.

In early Tuesday trading, the US dollar showed mixed performance as markets assess the future actions of central banks and the state of global economies.

Hawkish signals from the Bank of Japan coincide with the Federal Reserve's decision to cut interest rates, creating a divergence that is expected to exert downward pressure on the USD/JPY exchange rate.

UBS has reaffirmed its EUR/USD forecasts, projecting a rate of 1.23 for the end of 2025 and 1.18 for 2026, attributing these predictions to the continued weakness in the U.S. labor market and expectations of Federal Reserve rate cuts.

The AUD/USD forecast indicates a recovery in the Australian dollar following statements from RBA Governor Bullock, who noted that the economy is performing well.

The Pound Sterling (GBP) has rebounded from a two-week low of 1.3453 on Monday. However, the outlook remains cautious as the currency faces potential risks that could limit further gains after recently reaching a two-month high of 1.3726.

The US Dollar remains strong around 97.80 as traders anticipate remarks from Federal Reserve Chair Jerome Powell. Meanwhile, GBP/USD has stabilized at $1.3476, and EUR/USD is approaching a resistance level at $1.1768.

The EUR/USD pair has climbed above 1.1750 due to a weakening US dollar. Meanwhile, gold has reached a record high, although it appears to be overextended.