USD in the spotlight: latest news

The US Dollar has weakened amid concerns about Federal Reserve independence, with traders now anticipating an 84% chance of a rate cut. Attention is focused on GBP/USD and EUR/USD as the September policy meeting approaches.

The forecast for the Euro to Dollar (EUR/USD) exchange rate has diverged significantly among major banks. ING anticipates a rise to 1.20 by the end of 2025, while other banks have differing outlooks.

The USD/JPY exchange rate has decreased amid discussions of a potential Bank of Japan rate hike and expectations of a Federal Reserve interest rate cut. Meanwhile, the AUD/USD is focusing on upcoming CPI data that may influence the Reserve Bank of Australia's policy direction and overall market sentiment.

GBP/USD is showing signs of recovery on Tuesday, bouncing back towards the 1.3500 level after experiencing bearish movement on Monday.

The USD/JPY currency pair is currently trading at ¥147.50 following a week of volatility. Expectations of a Federal Reserve rate cut are putting pressure on the dollar, while the Bank of Japan's hawkish approach and positioning of the yen are limiting upward movement.

The Pound to US Dollar exchange rate strengthened on Tuesday, even with the release of slightly better-than-expected US economic data, as President Trump maintained his critical stance on the situation.

Trump's decision to remove Fed Governor Lisa Cook raises worries about the independence of the Federal Reserve, leading to a decline in the DXY as traders prepare for possible interest rate cuts in September.

The Euro to Dollar (EUR/USD) exchange rate fell slightly below 1.16 on Friday but then rebounded to over 1.17 after Federal Reserve Chair Jerome Powell suggested that interest rates would remain steady. Analysts at ING expect the EUR/USD to rise above 1.20 in the near future.

The USD/CAD currency pair has broken its yearly downtrend, but bulls are facing challenges at a significant resistance level for the third consecutive week. The market is currently marked by tension as traders assess the technical landscape.

The EUR/USD pair is currently trading at 1.1630, having pulled back from 1.1660. Ongoing concerns regarding the Federal Reserve, risks associated with the French budget, and recent US data releases are contributing to market pressure. Key support and resistance levels are identified at 1.16.

A market analysis has been conducted focusing on key financial indicators, including Gold Spot prices, the US Dollar Index Futures, and Bitcoin's performance against the US Dollar. For further insights, read the full market analysis on Investing.com.

The U.S. dollar is at a pivotal moment as expectations for Federal Reserve interest rate cuts intersect with GDP and Core PCE data. With an 83% probability of rate easing already factored in, the future of the DXY index will depend on upcoming economic indicators.

The US dollar showed slight weakness in the early hours of Tuesday as the market evaluates the possibility of the Federal Reserve reducing interest rates in the near future.

The Euro to Dollar (EUR/USD) exchange rate forecast has been impacted by recent political upheaval following President Trump's decision to dismiss Fed Governor Lisa Cook. As a result, the EUR/USD rate currently stands at 1.1625.

Political uncertainty in France and the United States has provided a boost to gold prices. This week, the positive outlook for gold is primarily supported by a weakening US dollar.

The USD/JPY exchange rate has shown fluctuations of less than 1% on average over the past two trading sessions, indicating a period of continued stability and neutrality in the currency pair's short-term outlook.

Silver (XAG/USD) remains steady close to $39.00 on Monday, maintaining the gains achieved after a significant bullish breakout on Friday.

Gold prices (XAU/USD) fell to approximately $3350 in the early European session on Monday, influenced by a strengthening US Dollar (USD).

EUR/USD rose by 1% on Friday, reaching its highest point since late July at approximately 1.1750. However, the pair has begun to correct downward as the new week starts, currently trading around that level.

Spot Gold is currently trading close to its Friday high of $3,378.91, showing consolidation of gains while remaining in a narrow intraday range at the start of the week. The US Dollar's performance is influencing market dynamics.

The USD/JPY exchange rate is currently around ¥147 following Federal Reserve Chair Jerome Powell's dovish remarks at Jackson Hole. With the likelihood of a Fed rate cut now at 91%, upcoming Tokyo CPI data may drive the pair down to ¥145.

USD/CAD is currently trading cautiously around 1.3820, facing selling pressure as dovish comments from Fed Chair Jerome Powell have negatively impacted the US Dollar. Powell has expressed support for interest rate cuts, contributing to the currency's fluctuations.

The Euro faced increased pressure at the start of the week, with the EUR/USD exchange rate falling towards the 1.1650 level as the US Dollar showed signs of a significant rally.

The gold price (XAU/USD) is currently trading around $3,365 to $3,370 as investors process Jerome Powell's unexpectedly dovish comments made during his speech at Jackson Hole.

The U.S. dollar is strengthening as forex traders capitalize on the recent dip in the currency's value.