USD in the spotlight: latest news

Danske Bank has issued a forecast for the Euro to Dollar exchange rate, stating that it is "tactically bearish" in the short term but "strategically bullish" in the long run.

The EUR/USD exchange rate is currently around 1.1607, following the Federal Reserve's reduction of the likelihood of a December rate cut from 90% to 63%. This shift has led to an increase in Treasury yields, which now stand at 4.86%. Danske Bank has issued a warning indicating a tactical bearish outlook for the euro.

The weekly forecast for GBP/USD indicates a continued bearish trend, with the pair closing at 1.3140. The British pound is under pressure due to ongoing concerns regarding the UK economy and cautious signals from the Federal Reserve.

The EUR/USD pair has fallen below a critical support level due to the strengthening of the US dollar driven by Federal Reserve policies. Analysts anticipate continued downward movement, with 1.14 being identified as the next significant target for traders.

Gold prices remain steady near the $4,000 mark as traders prepare for important US economic data. This weekly forecast analyzes signals from the Federal Reserve, upcoming economic events, and potential market breakouts.

The GBP/USD exchange rate dropped to 1.3097, marking its lowest point since April. This decline was influenced by a hawkish stance from the Federal Reserve, ongoing fiscal challenges in the UK, and increasing U.S. yields.

The USD/JPY exchange rate is influenced by rising U.S. yields following Federal Reserve Chair Jerome Powell's indication that rate cuts are not assured. This has strengthened the dollar and focused attention on upcoming U.S. data releases.

Rabobank has raised its six-month forecast for the Australian dollar to 0.67 against the US dollar. The currency has strengthened significantly in the G10, with a 1.70% increase against the Swiss franc and a 1.68% rise versus the British pound.

The United States and China have reached consensus on several important aspects of a potential trade agreement, which helps to alleviate market concerns about a possible escalation into a new cold war.

The USD/JPY exchange rate is influenced by U.S. yields following Jerome Powell's indication that rate cuts are not assured. This stance has strengthened the dollar and shifted focus to upcoming U.S. economic data.

The euro has fallen to 1.1523, marking its lowest level in three months, following a hawkish stance from the Federal Reserve that has strengthened the US dollar. This drop has widened the yield gap between the euro and the dollar.

The exchange rate for the US Dollar to Canadian Dollar (USD/CAD) concluded the week at 1.4011, maintaining its position above the significant 1.40 mark due to stronger US economic indicators.

Thailand's Fiscal Policy Office predicts that the baht will strengthen to 31.8 per US dollar by 2026, driven by a declining dollar and increased capital inflows.

The weekly forecast for AUD/USD indicates a subdued outlook, as the US dollar remains steady due to the Federal Reserve's cautious stance and changing risk sentiment.

The USD/CHF currency pair is set for a potential breakout in November, as it approaches resistance levels following the recent advance after the Federal Reserve's actions. The market dynamics surrounding the Swiss Franc indicate a pivotal moment as the month comes to a close.

The US dollar has maintained its support following the FOMC rate decision. However, the ongoing government shutdown is expected to create challenges for the dollar as November approaches.

The Pound Sterling (GBP) has continued its decline against the US Dollar (USD), marking its fourth consecutive day of losses as of Friday.

The US Dollar remains stable around 99.60 as investors consider Jerome Powell's cautious remarks, increasing expectations for a Federal Reserve rate cut, and a resurgence of optimism surrounding US-China trade relations.

The U.S. dollar is gaining strength, putting pressure on both the euro and the British pound. The euro is exhibiting signs of weakness as it approaches critical support levels.

The EUR/USD pair concluded October on a weak note, barely managing to stay above a three-month low of 1.1522 recorded on the final trading day of the month.

The Canadian Dollar initially surged following the Bank of Canada's rate cut on Wednesday. However, this gain was temporary as support for USD/CAD emerged around the 1.3900 level.

The US Dollar (USD) began the week slowly but regained momentum due to optimism surrounding a potential US-China trade deal and comments from Chair Jerome Powell.

The US Dollar Index (DXY) rose for the third consecutive session on Friday, reaching 99.844 during mid-day trading and nearing the August 1 peak of 100.257.

The USD/CAD pair experienced a decline following the Bank of Canada's meeting this week, continuing its reversal from a rising wedge pattern. However, significant support emerged around the Federal Reserve's actions.

The British Pound has fallen to a six-month low against the US Dollar following the Federal Reserve's recent actions, with bearish trends testing crucial support levels as the month comes to a close. The focus now shifts to the upcoming Bank of England meeting.