USD in the spotlight: latest news

The Pound to Dollar exchange rate (GBP/USD) remained stable just above 1.33 at the start of the new week, following a brief decline to 10-day lows on Friday.

The British pound (GBP/USD) has fallen to 1.3287, a decrease of 0.85% this week. This decline is attributed to weaker U.S. inflation data, which bolsters expectations for a Federal Reserve rate cut, despite strong retail performance in the UK.

Investor sentiment is shifting as October comes to a close, largely influenced by Bitcoin's resurgence to the $111,000 mark. As a result, many traders are reevaluating their portfolios and considering the potential trajectory of Pepe Coin in light of recent market movements.

The South African rand has stabilized after facing volatility due to tariff concerns and profit-taking. This recovery is supported by consistent policy measures, robust economic fundamentals, the exit from the Financial Action Task Force (FATF), and optimism surrounding the African Growth and Opportunity Act (AGOA). Analysts forecast that the USD/ZAR exchange rate could reach R17.

The USD/JPY, NASDAQ, S&P 500, Nikkei, and KOSPI are experiencing increases due to low US inflation and expectations of interest rate cuts. The report includes key levels and recommended trading strategies.

AUD/USD traders are preparing for increased volatility as the Federal Reserve's policy decision, Australia's Consumer Price Index report, and ongoing US-China trade discussions are set to influence the market in the upcoming week.

The US Dollar Index closed higher; however, uncertainty persists due to the potential for a Federal Open Market Committee (FOMC) rate cut and data gaps. Traders are preparing for guidance from Jerome Powell, which is expected to influence the next movement of the DXY.

The Euro to Dollar (EUR/USD) exchange rate closed the week at 1.1628, reflecting a decrease of 0.20%. Investors are now focusing on the upcoming Federal Reserve meetings and their potential impact on the currency market. ING predicts that the EUR/USD rate could reach 1.20 by the end of the year.

The EUR/USD pair closed at 1.1628, having fluctuated between 1.1665 and 1.1577 in anticipation of the Federal Reserve meeting on October 29. Traders are anticipating a 25 basis point cut, with probabilities at 98.3%, bringing the rate down to a range of 3.75% to 4.00%.

The Euro to Dollar exchange rate (EUR/USD) remained stable on Friday, receiving support near 1.1600 before rising to approximately 1.1640, following softer-than-expected US economic data.

The weekly forecast for gold has turned slightly bearish due to significant profit-taking. A stronger dollar has put pressure on gold, despite a medium-term uptrend remaining intact.

The USD/JPY pair is trading at approximately ¥152.80, marking six consecutive days of gains as the yen continues to weaken against a strengthening dollar.

The USD/JPY exchange rate is currently around ¥152.86, having lost momentum after failing to break through the significant resistance level of ¥153.26 last week. Analysts predict a rebound for the Japanese yen, suggesting that the dollar is overvalued above the ¥152 mark.

Bitcoin's price rebounded as new inflation data eased concerns over interest rates, attracting buyers back to the spot markets. The September Consumer Price Index (CPI) was reported lower than anticipated, boosting market confidence.

DBS has published a 15-year forecast for Singapore's economy, indicating potential changes in the value of the Singapore dollar. The forecast suggests that the Singapore dollar could reach a value of RM4.20 or more, possibly attaining parity with the US dollar.

The GBP/USD currency pair remains stable around 1.3325, fluctuating between 1.3247 and 1.3350. This stability comes as U.S. inflation decreases to 2.8% while the UK experiences minimal growth at 0.1%.

The GBP/USD weekly forecast is expected to remain subdued as the currency pair consolidates around the 1.3325 level, ahead of significant economic announcements from both the UK and the US.

The US dollar remains stable as disappointing Consumer Price Index (CPI) data reinforces expectations for a Federal Reserve rate cut in October. Traders continue to hold a bullish outlook for the DXY, considering the potential impacts of trade and inflation risks ahead of the Federal Open Market Committee (FOMC) meeting.

The Euro to Dollar (EUR/USD) exchange rate has recently declined to around 1.1600 but is anticipated to experience a slight recovery. Wells Fargo forecasts that the EUR/USD will reach a peak of 1.18 before ultimately falling to 1.12 by the first quarter of 2027.

Gold experienced a significant 3.5% decline this week, ending its streak of nine consecutive weekly gains. This downturn was anticipated by analysts considering the current market conditions.

The Pound Sterling (GBP) is trading cautiously at approximately 1.3315 against the US Dollar (USD) in the European trading session on Friday.

The Euro to Dollar (EUR/USD) exchange rate is currently at 1.1614, showing a minor decline of 0.03%. This stability comes as investors await the release of the latest US inflation data. Analysts from Credit Agricole anticipate a resurgence of dollar strength by 2026.

The U.S. dollar maintained a slight gain on Friday, while major currency pairs traded within a narrow range. The euro and pound experienced minor declines amidst resistance levels.

The EUR/USD currency pair is currently trading around 1.1620, remaining stable following a weaker-than-expected U.S. Consumer Price Index (CPI) reading of 3.0% and disappointing Eurozone Purchasing Managers' Index (PMI) data. Investors are closely monitoring potential Federal Reserve interest rate cuts, the rise in oil prices, and other market dynamics.

The British Pound has been consistently declining against the US Dollar since mid-September, influenced by the US Dollar's overall recovery and growing caution in the market.