USD in the spotlight: latest news

The forecast for the Euro to Dollar (EUR/USD) exchange rate is becoming more positive as the currency pair has sharply bounced back from three-week lows around 1.1580, moving higher toward 1.17.

The US Dollar is currently facing a critical support level at the monthly range lows as traders prepare for important inflation data to be released tomorrow. The dynamics of the DXY indicate a tense situation as market participants assess the currency's short-term outlook.

GBP/USD bulls are closely monitoring the possibility of a breakout above the 1.3590 resistance level. Such a move could confirm the formation of an inverted head-and-shoulders pattern, indicating a potential upward trend for the currency pair.

USD/JPY is currently trading around 147.90, facing resistance at 148.50. Factors such as uncertainty surrounding the Federal Reserve, Trump's advocacy for a weaker dollar, and the Bank of Japan's inflation outlook are contributing to trader caution.

Gold prices are currently trading around $3,380, with support identified at $3,360. Factors such as Federal Reserve interest rate cuts, increased demand from central banks, and ongoing geopolitical risks may contribute to a potential breakout towards $3,500.

The U.S. dollar strengthened as traders closely monitored former President Trump's ongoing conflict with the Federal Reserve. In the currency markets, EUR/USD attempted to drop below the 1.1575 mark in response to a disappointing Consumer Confidence report from Germany. Meanwhile, GBP/USD saw a rebound in its trading activity.

The EUR/USD currency pair declined during the first half of Wednesday's session, influenced by new data from Germany that indicated a drop in consumer confidence.

The GBP/USD pair fell by more than 0.16% on Wednesday, reaching 1.3457 as the US Dollar strengthened, driven by concerns regarding the White House's threats to the independence of monetary policy.

The US dollar weakened against the Canadian dollar on Tuesday, remaining close to the 1.38 level as trade tensions continue. Significant resistance is identified at the 200-day EMA above.

The GBP/USD pair decreased to 1.3457 after reaching a daily high of 1.3482, as the U.S. dollar strengthened due to concerns regarding the independence of the Federal Reserve.

The US Dollar is stabilizing around 98.50 as uncertainty surrounding the Federal Reserve limits its gains. Traders are closely monitoring upcoming GDP and PCE data to inform their outlook on GBP/USD and EUR/USD.

The exchange rate between the Pound and the US Dollar fell on Wednesday due to negative sentiment affecting the markets.

Gold prices are stabilizing within a multi-month range, just below a significant resistance level. XAU/USD is expected to experience a breakout in September as key technical levels come into play.

The British pound experienced a modest rally against the US dollar on Tuesday, as market participants continue to assess the factors influencing the currency's movements.

The USD/JPY exchange rate reached just below 149.0 last week but fell significantly after recent remarks made by Federal Reserve Chair Jerome Powell.

Bank of America has updated its USD forecast, anticipating additional weakness that may favor emerging markets, especially in Eastern Europe, the Middle East, and Africa.

The Euro (EUR) made a recovery on Wednesday, with the EUR/USD pair rising back to the 1.1640 level after previously dipping to three-week lows around 1.1570 earlier in the day.

The EUR/USD pair is currently trading around 1.1590 after breaking through a significant support level. The market anticipates a 87% likelihood of a Federal Reserve rate cut, while ongoing political turmoil in France and disappointing economic data from Germany are contributing to downward pressure on the euro.

The US dollar is experiencing fluctuations as it attempts to gain strength in early Wednesday trading.

The forecast for the Euro to Dollar (EUR/USD) exchange rate indicates vulnerability, as the Euro fell to new lows around 1.1575 on Wednesday.

The USD/CHF currency pair has encountered resistance at previously established support levels over the past five weeks, creating a clear trading range as the monthly close approaches.

This week, the lack of significant UK data releases makes the Confederation of British Industry's distributive trades survey a key focus for economic insights.

The US Dollar regained most of its losses from comments made by Federal Reserve Chair Jerome Powell on Monday, leading to a decline in the EUR/USD exchange rate, which moved closer to the 1.1600 level.

The EUR/USD currency pair remains stable following President Trump's dismissal of Federal Reserve governor Lisa Cook. Meanwhile, oil prices have slightly decreased after experiencing a 2% increase the previous day.

The U.S. Dollar Index is declining as traders respond to President Trump's decision to dismiss Fed official Cook. Trump stated that he had "sufficient cause" for the termination.