USD in the spotlight: latest news

The U.S. Dollar Index is facing downward pressure as traders react to a disappointing Services PMI report, which fell short of expectations. The report showed that the Services PMI remained weaker than anticipated.

GBP/USD began the week on a solid note, maintaining strong trading performance amid ongoing disputes between the United States and the European Union.

The USD/CAD forecast is expected to remain bearish as long as it stays below 1.3800, particularly with easing geopolitical risks following recent comments from President Trump.

The Pound-to-Dollar exchange rate (GBP/USD) has reached 1.3535. Analysts from ING and MUFG suggest that there is growing confidence in US policymaking, which is influencing this movement in the currency pair.

The US dollar remained stable against the Mexican peso on Thursday, as the carry trade continues to play a significant role in the market.

The silver market outlook remains optimistic, with XAG/USD surpassing $100 for the first time. However, there is caution regarding potential profit-taking at these levels, which may exert downward pressure on prices in the near future.

The US Dollar had a challenging week, with the US Dollar Index (DXY) not only relinquishing all its yearly gains but also dropping significantly below the 200-day simple moving average. Further losses are anticipated for the currency in the near future.

The DXY has fallen to 97.570, marking its largest weekly decline since June, driven by a flight to safety amid the Greenland crisis. Meanwhile, gold prices are approaching $5,000 due to increasing demand for safe-haven assets.