USD in the spotlight: latest news

The EUR/USD pair has bounced back to 1.1550 but continues to show a bearish trend. Resistance levels are holding firm, with 1.14 identified as a crucial support point. A breakdown below this level could lead to a target of 1.11, driven by the strength of the U.S. dollar.

The U.S. Dollar Index has declined due to a surge in job cuts and falling Treasury yields, which has increased expectations for a Federal Reserve rate cut in December. The DXY now faces the possibility of a more significant decline below crucial support levels.

The USD/MXN exchange rate remains under upward pressure, with the Mexican Peso showing weakness ahead of the Bank of Mexico's upcoming decision. Over the last four trading sessions, the peso has consistently appreciated.

The U.S. dollar continues to show strength, leaving the euro and British pound facing challenges. The EUR/USD pair is approaching the 1.14 support level near the 200-day EMA, while the GBP/USD remains under pressure.

The Pound-to-Dollar exchange rate (GBP/USD) remained stable on Wednesday, as market participants evaluated conflicting information from the latest US employment data.

Gold (XAU/USD) has fallen by 1.7% to $3,934 due to the Federal Reserve's cautious stance and a strengthening dollar. Exchange-traded funds (ETFs) have seen inflows of $16 billion, while U.S. debt has reached $38 trillion. Analysts identify key support around $3,870.

The US dollar is gaining strength against the Canadian dollar, bolstered by interest rate differences and declining oil prices.

EUR/USD continued its downward trend on Wednesday, falling towards the 1.1470 level, marking its lowest point since August. The recent bearish momentum indicates ongoing challenges for the currency pair.

The US Dollar to Canadian Dollar (USD/CAD) exchange rate increased to 1.4132 on Wednesday, continuing its upward trend as it remains close to recent highs. Rabobank forecasts that the exchange rate could reach 1.36 within the next six months.

The Pound to US Dollar (GBP/USD) exchange rate remained stable on Wednesday as investors evaluated a slight increase in private-sector employment in the United States, along with other economic indicators.

The US Dollar is approaching a significant resistance level as the DXY nears its 200-day moving average. Strong ISM services data has led to rising yields, maintaining steady expectations for the Federal Reserve and allowing bullish sentiment to prevail.

The EUR/USD forecast is currently at a pivotal point, with the pair trading just below the $1.15 level. The recent strengthening of the dollar has sparked interest as investors await the upcoming ADP payrolls and ISM PMI data.

Traders are expected to maintain a net short position on the U.S. dollar through November as forecasts predict a decline in the currency due to ongoing expectations of multiple Federal Reserve interest rate cuts.

The Australian Dollar is set to end a three-week rally as AUD/USD experiences its fifth straight daily decline following the Reserve Bank of Australia's rate decision.

The Japanese yen showed strength against all major currencies as risk sentiment declined, leading to a selloff on Wall Street. Consequently, the USD/JPY pair fell following a bearish outside day.

The US dollar strengthened on Tuesday, putting pressure on both the euro and the pound. Current rallies in EUR/USD and GBP/USD are viewed as opportunities for selling, while EUR/GBP indicates a potential shift in currency dynamics.

The U.S. dollar holds steady around $99.78 as traders look to the upcoming ADP jobs data and PMI reports for insights into Federal Reserve policy. Meanwhile, GBP/USD and EUR/USD continue to trade within a narrow range.

Spot Gold is trading gently on Tuesday, remaining steady at approximately $3965 per troy ounce. The precious metal appears to be struggling to generate speculative interest.

The USD/CAD pair is experiencing a rally, supported by stable rate differentials. Resistance is observed at 1.41, which may push the currency pair towards 1.4250. Any dips to 1.40 are viewed as potential buying opportunities despite ongoing volatility in the market.

On November 4, the US Dollar Index climbed to a three-month peak of 100.215 before experiencing a slight decline. This increase reflects diminishing expectations for Federal Reserve rate cuts and a rise in safe-haven investment flows.

The Euro to Dollar (EUR/USD) exchange rate dropped to new three-month lows below 1.1500 on Tuesday, as the US Dollar continued to strengthen amid ongoing uncertainty regarding the Federal Reserve's policies.

The DXY index has reached a three-month high as expectations for Federal Reserve interest rate cuts diminish and risk-off market sentiment increases. Traders are now focusing on the 200-day moving average at 100.421 for indications of further bullish momentum.

The Canadian Dollar is facing downward pressure as USD/CAD has surged past significant resistance levels, indicating a bullish breakout as the month begins.

Spot Gold is trading near the $4,000 level on Monday, remaining within a narrow intraday range. Financial markets are currently facing challenges in finding new catalysts for movement due to the strong demand for the US Dollar.

The US dollar has strengthened, causing the Euro to Dollar (EUR/USD) exchange rate to drop to a three-month low near 1.15. MUFG forecasts that the US dollar will reach 1.26 by the third quarter of 2026.