USD in the spotlight: latest news

The GBP/USD pair decreased to 1.3457 after reaching a daily high of 1.3482, as the U.S. dollar strengthened due to concerns regarding the independence of the Federal Reserve.

The US Dollar is stabilizing around 98.50 as uncertainty surrounding the Federal Reserve limits its gains. Traders are closely monitoring upcoming GDP and PCE data to inform their outlook on GBP/USD and EUR/USD.

The exchange rate between the Pound and the US Dollar fell on Wednesday due to negative sentiment affecting the markets.

Gold prices are stabilizing within a multi-month range, just below a significant resistance level. XAU/USD is expected to experience a breakout in September as key technical levels come into play.

The British pound experienced a modest rally against the US dollar on Tuesday, as market participants continue to assess the factors influencing the currency's movements.

The USD/JPY exchange rate reached just below 149.0 last week but fell significantly after recent remarks made by Federal Reserve Chair Jerome Powell.

Bank of America has updated its USD forecast, anticipating additional weakness that may favor emerging markets, especially in Eastern Europe, the Middle East, and Africa.

The Euro (EUR) made a recovery on Wednesday, with the EUR/USD pair rising back to the 1.1640 level after previously dipping to three-week lows around 1.1570 earlier in the day.

The EUR/USD pair is currently trading around 1.1590 after breaking through a significant support level. The market anticipates a 87% likelihood of a Federal Reserve rate cut, while ongoing political turmoil in France and disappointing economic data from Germany are contributing to downward pressure on the euro.

The US dollar is experiencing fluctuations as it attempts to gain strength in early Wednesday trading.

The forecast for the Euro to Dollar (EUR/USD) exchange rate indicates vulnerability, as the Euro fell to new lows around 1.1575 on Wednesday.

The USD/CHF currency pair has encountered resistance at previously established support levels over the past five weeks, creating a clear trading range as the monthly close approaches.

This week, the lack of significant UK data releases makes the Confederation of British Industry's distributive trades survey a key focus for economic insights.

The US Dollar regained most of its losses from comments made by Federal Reserve Chair Jerome Powell on Monday, leading to a decline in the EUR/USD exchange rate, which moved closer to the 1.1600 level.

The EUR/USD currency pair remains stable following President Trump's dismissal of Federal Reserve governor Lisa Cook. Meanwhile, oil prices have slightly decreased after experiencing a 2% increase the previous day.

The U.S. Dollar Index is declining as traders respond to President Trump's decision to dismiss Fed official Cook. Trump stated that he had "sufficient cause" for the termination.

The US Dollar has weakened amid concerns about Federal Reserve independence, with traders now anticipating an 84% chance of a rate cut. Attention is focused on GBP/USD and EUR/USD as the September policy meeting approaches.

The forecast for the Euro to Dollar (EUR/USD) exchange rate has diverged significantly among major banks. ING anticipates a rise to 1.20 by the end of 2025, while other banks have differing outlooks.

The USD/JPY exchange rate has decreased amid discussions of a potential Bank of Japan rate hike and expectations of a Federal Reserve interest rate cut. Meanwhile, the AUD/USD is focusing on upcoming CPI data that may influence the Reserve Bank of Australia's policy direction and overall market sentiment.

GBP/USD is showing signs of recovery on Tuesday, bouncing back towards the 1.3500 level after experiencing bearish movement on Monday.

The USD/JPY currency pair is currently trading at ¥147.50 following a week of volatility. Expectations of a Federal Reserve rate cut are putting pressure on the dollar, while the Bank of Japan's hawkish approach and positioning of the yen are limiting upward movement.

The Pound to US Dollar exchange rate strengthened on Tuesday, even with the release of slightly better-than-expected US economic data, as President Trump maintained his critical stance on the situation.

Trump's decision to remove Fed Governor Lisa Cook raises worries about the independence of the Federal Reserve, leading to a decline in the DXY as traders prepare for possible interest rate cuts in September.

The Euro to Dollar (EUR/USD) exchange rate fell slightly below 1.16 on Friday but then rebounded to over 1.17 after Federal Reserve Chair Jerome Powell suggested that interest rates would remain steady. Analysts at ING expect the EUR/USD to rise above 1.20 in the near future.

The USD/CAD currency pair has broken its yearly downtrend, but bulls are facing challenges at a significant resistance level for the third consecutive week. The market is currently marked by tension as traders assess the technical landscape.