USD in the spotlight: latest news

Recent forecasts indicate that the Pound Sterling is expected to decline against the Euro, while its performance against the US Dollar is projected to differ.

The UK 30-year bond yield reached a 27-year high of over 5.70% earlier this week, leading to increased selling pressure on the Pound. UBS forecasts that the GBP/EUR exchange rate will be around 1.1365 by the end of 2025.

The USD/JPY pair ended the week at 147.34, fluctuating between 146.78 and 149.13. Weaker U.S. labor market data on Friday contributed to a decline in the dollar's value.

The outlook for USD/JPY is influenced by upcoming GDP data from Japan and CPI data from the United States, as traders consider the likelihood of a Bank of Japan interest rate hike and expectations for a Federal Reserve rate cut. Increased volatility is anticipated in the coming week.

The GBP/USD pair rose above the 1.35 mark on Friday, driven by a disappointing US jobs report that solidified expectations for the Federal Reserve's monetary policy adjustments.

The Pound to Dollar exchange rate (GBP/USD) rose above 1.35 on Friday, following a disappointing US payrolls report that strengthened expectations for an upcoming interest rate decision.

GBP/USD is currently trading at approximately 1.3506 following disappointing U.S. jobs data, which has increased expectations for a Federal Reserve interest rate cut. Additionally, UK retail sales rose by 0.6%, and the PMI stands at 54.2, providing support for the British pound. The resistance level is noted at 1.36.

GBP/USD is currently trading at 1.3506 within a rising channel. With the Consumer Price Index (CPI), Producer Price Index (PPI), and European Central Bank (ECB) developments on the horizon, traders are watching to see if the bulls will push the currency pair above 1.36 or if the bears will pull it back toward 1.34.

The Canadian dollar is expected to gain strength in the upcoming year as the Bank of Canada approaches the end of its interest rate easing cycle, according to a Reuters poll.

The S&P 500 and Gold reached record highs following disappointing US jobs data, leading to increased expectations for interest rate cuts. The forecast includes key trades and technical setups to watch for in the upcoming week.

The Euro to Dollar (EUR/USD) exchange rate rose to a five-week high, surpassing 1.1750 on Friday, following the release of US payroll data, which indicated only 22,000 new jobs were added in August.

The USD/CAD currency pair is currently testing the 2025 downtrend, with the September opening range forming just below this level, indicating a potential breakout is imminent. Key technical levels are being established on the weekly chart.

The euro-dollar pair (EUR/USD) closed the week at 1.1717, recovering from earlier lows due to disappointing U.S. labor market data that fell significantly short of expectations.

The UK 30-year bond yield recently reached a 27-year high, surpassing 5.70%. This spike has contributed to increased selling pressure on the British Pound. UBS forecasts that the GBP/EUR exchange rate will settle at 1.1365 by the end of 2025.

Bitcoin (BTC-USD) is currently trading around $110,751, bolstered by ETF inflows exceeding $1.3 billion. Long-term holders have realized profits amounting to $2.46 billion, while weak U.S. jobs data has increased expectations for a Federal Reserve rate cut.

Gold prices have surged approximately 30 percent since the US election nearly a year ago. This increase has largely aligned with the announcements of tariffs.

Gold (XAU/USD) has surged past $3,600, driven by weak U.S. jobs data, declining yields, and increasing expectations for a Federal Reserve rate cut. Factors contributing to this rise include central bank purchases, strong ETF inflows, and concerns regarding stagflation.

The Nigerian Naira achieved its largest single-day increase against the US dollar in 2025 at the official foreign exchange market on Thursday, just before Friday's public announcement.

Gold prices have reached a new all-time high of $3,600.21, fueled by disappointing U.S. jobs data that has increased expectations for Federal Reserve rate cuts and heightened investor interest in safe-haven assets.

This week's Forex forecast examines trading strategies for the DXY, EURUSD, GBPUSD, NZDUSD, and XAUUSD.

GBP/USD's recent rebound and the breach of the 1.3549 resistance indicate that the decline from 1.3594 has concluded, marking a corrective pullback. The rise from 1.3140 is expected to continue.

Foreign exchange strategists at Rabobank have adopted a cautious outlook for the British Pound Sterling, predicting it will decline to around 1.33 against the US Dollar. They also forecast that the Euro will reach 1.14 against the Pound.

The USD/JPY weekly forecast suggests continued weakness in the US labor market, reinforcing expectations for a more dovish approach from the Federal Reserve.

Gold (XAU/USD) rose approximately 1.8% due to a declining U.S. dollar and increasing expectations of a Federal Reserve interest rate cut.

The GBP/USD pair experienced a slight recovery after declining to four-week lows below 1.3350, rising back above 1.3400 as investor confidence briefly improved.