USD in the spotlight: latest news

Silver (XAG/USD) is currently consolidating its gains near one-month highs, following a successful retest of the previous triangle resistance level around $38.00. Investors are now focusing on potential upward movement towards multi-year peaks.

The US Dollar Index (DXY), which assesses the value of the US Dollar against six major currencies, continues to decline for the third consecutive day as it tests the crucial support level at 98.00 after falling below the nine-day Exponential Moving Average (EMA).

The Australian Dollar (AUD) continued to rise on Thursday, with the AUD/USD exchange rate surpassing 0.6500 following its gains on Wednesday.

EUR/USD is experiencing a slight increase ahead of the US GDP report and the release of ECB minutes. Meanwhile, the DAX index has risen as Nvidia alleviates concerns regarding artificial intelligence, with ECB minutes anticipated shortly.

The EUR/USD pair is experiencing a significant technical rebound today, with important levels to monitor in the near future.

The US Dollar is experiencing a decline as traders consider the likelihood of a Federal Reserve rate cut and the ongoing political uncertainty surrounding the independence of the central bank, ahead of the upcoming PCE inflation data.

The U.S. dollar is declining as traders anticipate a dovish stance from the Federal Reserve.

The USD/JPY currency pair is currently trading within a narrow range of ¥146.20 to ¥148.76, as traders remain hesitant to make significant moves ahead of important inflation data from both the United States and Japan.

The Pound to Dollar exchange rate is encountering resistance around the 1.3500 mark, with Sterling dipping to just below 1.3450 as the US market dynamics unfold. Analysts are closely monitoring the potential for GBP/USD to break through the 1.35 threshold.

The EUR/USD exchange rate is currently around 1.1640, buoyed by reduced expectations of interest rate cuts from the Federal Reserve and rising inflation expectations in the eurozone. Analysts predict a target of 1.1716 for the next resistance level, with a potential breakout towards 1.20.

The GBP/USD exchange rate remained stable on Thursday, with the Pound Sterling valued at $1.351, following the release of the US GDP estimate for the second quarter of 2025.

The US dollar experienced a slight decline in the early hours of Thursday. Nevertheless, the market appears to be relatively rangebound at this time.

UBS has released a forecast for the USD/CNY exchange rate, predicting that the Chinese yuan is set to strengthen by about 3% against the U.S. dollar.

GBP/USD experienced an increase during the North American session, following the release of strong economic data from the United States, which indicated that the economy is performing well. This positive outlook has contributed to the rise of the British Pound above the 1.3500 mark against the US Dollar.

GBP/USD is currently trading around 1.3520, with the British pound gaining support from UK inflation data and the Bank of England's position. Analysts provide a comprehensive forecast for the pound against the dollar, highlighting key levels to watch.

The DXY index is currently trading below its 50-day moving average, with expectations for a Federal Reserve rate cut now at 89%. Traders are closely monitoring the upcoming PCE inflation data to determine if a potential easing will further weaken the dollar.

The forecast for the Euro to Dollar (EUR/USD) exchange rate is becoming more positive as the currency pair has sharply bounced back from three-week lows around 1.1580, moving higher toward 1.17.

The US Dollar is currently facing a critical support level at the monthly range lows as traders prepare for important inflation data to be released tomorrow. The dynamics of the DXY indicate a tense situation as market participants assess the currency's short-term outlook.

GBP/USD bulls are closely monitoring the possibility of a breakout above the 1.3590 resistance level. Such a move could confirm the formation of an inverted head-and-shoulders pattern, indicating a potential upward trend for the currency pair.

USD/JPY is currently trading around 147.90, facing resistance at 148.50. Factors such as uncertainty surrounding the Federal Reserve, Trump's advocacy for a weaker dollar, and the Bank of Japan's inflation outlook are contributing to trader caution.

Gold prices are currently trading around $3,380, with support identified at $3,360. Factors such as Federal Reserve interest rate cuts, increased demand from central banks, and ongoing geopolitical risks may contribute to a potential breakout towards $3,500.

The U.S. dollar strengthened as traders closely monitored former President Trump's ongoing conflict with the Federal Reserve. In the currency markets, EUR/USD attempted to drop below the 1.1575 mark in response to a disappointing Consumer Confidence report from Germany. Meanwhile, GBP/USD saw a rebound in its trading activity.

The EUR/USD currency pair declined during the first half of Wednesday's session, influenced by new data from Germany that indicated a drop in consumer confidence.

The GBP/USD pair fell by more than 0.16% on Wednesday, reaching 1.3457 as the US Dollar strengthened, driven by concerns regarding the White House's threats to the independence of monetary policy.

The US dollar weakened against the Canadian dollar on Tuesday, remaining close to the 1.38 level as trade tensions continue. Significant resistance is identified at the 200-day EMA above.