USD in the spotlight: latest news

The US Dollar Index (DXY) dropped to new intraday lows on Wednesday following the Federal Reserve's announcement of a third consecutive interest rate hike, which was largely expected by the market.

The USD/CAD forecast is expected to experience increased volatility today as both the Bank of Canada and the Federal Reserve prepare to announce their monetary policy decisions.

Market analysis focuses on the Euro against the US Dollar, the US Dollar Index Futures, and Crude Oil WTI Futures. For detailed insights, refer to the Market Analysis on Investing.com.

EUR/USD has gained significant buying interest on Wednesday, approaching the 1.1700 level, supported by recent market developments.

The DXY index is weakening as traders anticipate a possible hawkish interest rate cut from the Federal Reserve. Market expectations for the dollar in the short term are influenced by Powell's guidance and stable Treasury yields.

The USD/JPY forecast is likely to experience significant volatility in the coming week, particularly with the Bank of Japan's meeting approaching. Market reactions may intensify if the government is compelled to make adjustments.

The US Dollar is entering December caught in a tug-of-war between technical stabilization and macroeconomic pressures. While technical charts indicate that the DXY is finding a stable range, external factors could influence its movements.

The USD/JPY pair is currently trading around 156.90 as traders anticipate the Federal Reserve's final rate cut in 2025. U.S. yields remain steady at 4.18%, while Japan's 10-year yield is at 0.84%. The widening yield gap is putting pressure on the yen, suggesting the potential for the currency to move toward 157.

This market analysis focuses on key currency pairs including the British Pound to US Dollar, US Dollar to Japanese Yen, and Australian Dollar to US Dollar, as well as the DAX index. For detailed insights, refer to the full analysis available on Investing.com.

EUR/USD is experiencing a slight downward trend on Tuesday, moving closer to the crucial 1.1600 level and reaching new multi-day lows.

Bank of America has forecasted that the Euro to Dollar (EUR/USD) exchange rate will reach 1.22 by the end of 2026. Although the EUR/USD has seen net gains in early December, it has struggled to surpass the 1.1700 mark.

The GBP/USD exchange rate remained stable during Tuesday's trading session, with traders adopting a cautious stance as uncertainty surrounding the Federal Reserve's decisions grew.

The DXY index has strengthened as dollar bulls aim for the 50- and 200-day moving averages, bolstered by stable Treasury yields and expectations surrounding the Federal Reserve. This situation contributes to a cautiously optimistic outlook for the near term.

The US Dollar is consolidating above support as it establishes a monthly trading range. Traders are anticipating a breakout that could be influenced by the upcoming Federal Reserve decision, which may set the direction for the next movement of the USD.

The euro remains stable against the dollar as core PCE data aligns with expectations, while investors anticipate the Federal Reserve's upcoming interest rate decision amid strong economic indicators from the U.S.

The GBP to USD exchange rate experienced a decline on Monday, retreating from the previous week's six-week high due to renewed political instability in Westminster.

The Australian Dollar (AUD) is experiencing a downturn against the US Dollar (USD) on Monday, interrupting a four-day winning streak for AUD/USD as the Greenback strengthens. Despite this setback, the bullish outlook remains intact as long as the exchange rate stays above 0.6600.

Senior Technical Strategist Michael Boutros emphasizes important levels on the USD Majors, as well as on commodities and stock charts, as the week and month begin.

Markets anticipate a "hawkish hold" from the Reserve Bank of Australia (RBA), as it recognizes the rising risks of inflation and suggests that its next action may be an interest rate increase.

The Euro is currently testing the upper limit of its recent trading range as the Federal Reserve's decision approaches. There is increasing pressure for a significant breakout that could influence market trends heading into the end of the year.

The Euro has dipped against the US Dollar on Monday, with the EUR/USD pair retracing earlier gains as the Dollar strengthens ahead of the Federal Reserve's decision.

The British pound has weakened against the U.S. dollar in anticipation of the Federal Reserve's interest rate announcement. The 1.34 level is currently acting as resistance, contributing to the downward pressure on the currency.

DXY is gaining traction as traders evaluate the 50-day moving average prior to a significant Federal Reserve decision. The outlook for the dollar in the short term is influenced by rising yields and a potential hawkish stance from the Fed.

Focus now turns to the central bank meetings scheduled for this week. Recent US economic data presented mixed signals, showing areas of strength but lacking overall clarity.

Gold (XAU/USD) remains stable around $4,200 as buyers aim for a target range of $4,300 to $4,380. Market participants are closely watching the upcoming Federal Open Market Committee (FOMC) decision in December.