USD in the spotlight: latest news

EUR/USD ended its winning streak on Wednesday, experiencing a significant pullback to the 1.1580–1.1570 range, marking its lowest point in two weeks.

The USD/CAD exchange rate experienced a significant reversal after the Federal Reserve's announcement, with heightened volatility expected as the month concludes. Key levels are being tested as the market navigates upcoming events that could influence the currency pair.

The DXY has surged as Federal Reserve Chair Jerome Powell downplayed the likelihood of a rate cut in December. Concurrently, Treasury yields have increased, marking the end of quantitative tightening and indicating positive momentum for the US dollar heading into November.

The AUD/USD exchange rate is currently at 0.6578, reflecting a 0.3% increase for the day as the Australian dollar recovers from recent lows. Nomura projects that the exchange rate will rise to 0.6875 by the fourth quarter of 2025.

EUR/USD is experiencing a slight increase due to a weaker US dollar, as market focus shifts to the upcoming interest rate decisions from the Federal Reserve and the European Central Bank, along with President Trump's meeting.

The US dollar showed slight weakness during the early Tuesday session as traders anticipate the upcoming FOMC interest rate decision and the Bank of Canada's announcements.

The US Dollar is poised for a potential breakout as it remains steady ahead of the upcoming FOMC meeting. Market participants are preparing for guidance from the Federal Reserve, with key levels established on the DXY technical chart.

The USD/JPY exchange rate has remained stable as traders await the interest rate decisions from the Federal Reserve and the Bank of Japan. This comes after the initial meeting between Donald Trump and another key figure.

The DXY index is declining towards its 50-day moving average of 98.135 as traders anticipate a potential interest rate cut from the Federal Reserve. The upcoming comments from Chairman Powell and the developments in U.S.-China trade negotiations may determine whether this support level holds.

Desjardins Group has revised its prediction for the Canadian dollar, now forecasting that the loonie will reach 71 U.S. cents by the end of the year, a reduction of three cents from its previous estimate.

The Canadian Dollar is experiencing a pullback against the US Dollar, with USD/CAD retreating from six-month highs. This marks the second consecutive weekly decline, as the currency pair has reversed from significant uptrend resistance. Market attention is now shifting toward a potential test of forthcoming economic indicators from the Federal Reserve and the Bank of Canada.

The US dollar is experiencing a decline, reaching one-week lows as the market anticipates the Federal Reserve's upcoming rate decision. This situation is influencing significant movements in currency pairs such as AUD/USD, USD/JPY, and USD/SGD.

The EUR/USD currency pair has shown slight gains as it approaches important meetings from the European Central Bank (ECB) and the Federal Open Market Committee (FOMC) this week. Meanwhile, oil prices are declining due to expectations of an additional output increase from OPEC+.

The USD/CAD pair is trading slightly higher, approaching the 1.4000 mark during Tuesday's European trading session. The Canadian Dollar is showing gains despite the US Dollar's fluctuations.

The US Dollar to Japanese Yen (USD/JPY) exchange rate is currently at ¥152.86, having decreased by 0.14% today after hitting a resistance level of ¥153.27 last week.

On October 28, the US Dollar Index (DXY) experienced a minor decline but stayed close to 98.90 as traders anticipated significant macroeconomic events.

The GBP/USD forecast showed a brief recovery as the dollar weakened. Recent data on UK retail sales and the flash S&P Global PMI have strengthened the pound, leading to a decrease in the currency pair's value.

The Pound to Dollar exchange rate (GBP/USD) maintained stability above 1.3300 on Monday, moving closer to 1.3350 as trading ranges remained narrow in anticipation of upcoming Federal Reserve discussions and trade negotiations.

The US Dollar Index (DXY), which tracks the value of the US Dollar against six major currencies, is experiencing losses for the second consecutive session as it tests the lower boundary of its ascending channel around 98.50.

The euro experienced slight increases as traders anticipate important central bank decisions. The 1.17 level remains a point of resistance, while the strength of the dollar continues to influence the market.

Following the agreement between US and Chinese officials on a "preliminary framework deal" over the weekend, the USD/CNH exchange rate has seen a decline, with bears currently holding the advantage.

The U.S. dollar index (DXY) remains around 98.65 as traders prepare for important economic data and the Federal Reserve's upcoming rate decision.

The Pound to Dollar exchange rate (GBP/USD) remained stable just above 1.33 at the start of the new week, following a brief decline to 10-day lows on Friday.

The British pound (GBP/USD) has fallen to 1.3287, a decrease of 0.85% this week. This decline is attributed to weaker U.S. inflation data, which bolsters expectations for a Federal Reserve rate cut, despite strong retail performance in the UK.

Investor sentiment is shifting as October comes to a close, largely influenced by Bitcoin's resurgence to the $111,000 mark. As a result, many traders are reevaluating their portfolios and considering the potential trajectory of Pepe Coin in light of recent market movements.