USD in the spotlight: latest news

The EUR/USD pair is currently trading at 1.1630, having pulled back from 1.1660. Ongoing concerns regarding the Federal Reserve, risks associated with the French budget, and recent US data releases are contributing to market pressure. Key support and resistance levels are identified at 1.16.

A market analysis has been conducted focusing on key financial indicators, including Gold Spot prices, the US Dollar Index Futures, and Bitcoin's performance against the US Dollar. For further insights, read the full market analysis on Investing.com.

The U.S. dollar is at a pivotal moment as expectations for Federal Reserve interest rate cuts intersect with GDP and Core PCE data. With an 83% probability of rate easing already factored in, the future of the DXY index will depend on upcoming economic indicators.

The US dollar showed slight weakness in the early hours of Tuesday as the market evaluates the possibility of the Federal Reserve reducing interest rates in the near future.

The Euro to Dollar (EUR/USD) exchange rate forecast has been impacted by recent political upheaval following President Trump's decision to dismiss Fed Governor Lisa Cook. As a result, the EUR/USD rate currently stands at 1.1625.

Political uncertainty in France and the United States has provided a boost to gold prices. This week, the positive outlook for gold is primarily supported by a weakening US dollar.

The USD/JPY exchange rate has shown fluctuations of less than 1% on average over the past two trading sessions, indicating a period of continued stability and neutrality in the currency pair's short-term outlook.

Silver (XAG/USD) remains steady close to $39.00 on Monday, maintaining the gains achieved after a significant bullish breakout on Friday.

Gold prices (XAU/USD) fell to approximately $3350 in the early European session on Monday, influenced by a strengthening US Dollar (USD).

EUR/USD rose by 1% on Friday, reaching its highest point since late July at approximately 1.1750. However, the pair has begun to correct downward as the new week starts, currently trading around that level.

Spot Gold is currently trading close to its Friday high of $3,378.91, showing consolidation of gains while remaining in a narrow intraday range at the start of the week. The US Dollar's performance is influencing market dynamics.

The USD/JPY exchange rate is currently around ¥147 following Federal Reserve Chair Jerome Powell's dovish remarks at Jackson Hole. With the likelihood of a Fed rate cut now at 91%, upcoming Tokyo CPI data may drive the pair down to ¥145.

USD/CAD is currently trading cautiously around 1.3820, facing selling pressure as dovish comments from Fed Chair Jerome Powell have negatively impacted the US Dollar. Powell has expressed support for interest rate cuts, contributing to the currency's fluctuations.

The Euro faced increased pressure at the start of the week, with the EUR/USD exchange rate falling towards the 1.1650 level as the US Dollar showed signs of a significant rally.

The gold price (XAU/USD) is currently trading around $3,365 to $3,370 as investors process Jerome Powell's unexpectedly dovish comments made during his speech at Jackson Hole.

The U.S. dollar is strengthening as forex traders capitalize on the recent dip in the currency's value.

The USD/JPY exchange rate fell sharply on Friday following dovish comments from Powell at Jackson Hole. Key support levels are identified at ¥146–145, while resistance is noted at ¥149. Market volatility continues to be high.

The EUR/USD pair is currently trading near the 1.1700 level, having retreated from Friday's high of 1.1742. This adjustment comes as investors process new expectations regarding the Federal Reserve's monetary policy.

The EUR/USD pair is currently trading around 1.1715, following dovish comments from Powell at Jackson Hole that increased the likelihood of a Fed rate cut in September to 90%. Important support levels to watch are between 1.1690 and 1.1650.

Following Jerome Powell's remarks at Jackson Hole, the likelihood of a Federal Reserve rate cut has surged to 87%. This development has negatively impacted the US dollar, while simultaneously enhancing the momentum of GBP/USD and EUR/USD pairs.

The New Zealand dollar surged on Friday as the US dollar weakened after Jerome Powell delivered a dovish speech at Jackson Hole. Additionally, New Zealand's retail sales exceeded expectations.

The US dollar experienced a significant decline against the Mexican peso during Friday's trading session, following comments from Jerome Powell at the Jackson Hole conference indicating his willingness to consider...

The GBP/USD outlook stays optimistic as it holds steady above 1.3500 following the Federal Reserve's dovish stance presented at the Jackson Hole Symposium.

The USD/CHF exchange rate has risen for the first time this week, increasing by more than 0.20% to reach 0.8059 as the US dollar stabilizes after a significant drop last Friday.

The GBP/USD exchange rate increased to 1.3548 following Federal Reserve Chair Jerome Powell's dovish remarks at the Jackson Hole symposium. With nearly 93% odds of a Fed rate cut, the Bank of England remains cautious due to UK inflation holding steady at 3.8%.