USD in the spotlight: latest news

The outlook for GBP/USD remains uncertain despite a recent recovery. Concerns regarding fiscal stability continue to impact the Pound, and the upcoming NFP data may act as a potential catalyst for future movements.

The outlook for the Euro to Dollar exchange rate improved on Wednesday as the EUR/USD surged past 1.1650, following a decline in US job openings.

The U.S. dollar is expected to decline in the coming months as investors question the Federal Reserve's independence and anticipate additional rate cuts.

The USD/JPY currency pair is currently maintaining its rebound from the August low of 146.22, reaching a new weekly high of 149.14.

The gold market is experiencing significant growth, surpassing the $3,500 mark and reaching a new all-time high. Spot gold (XAU/USD) is now eyeing a target of $3,700 as demand continues to rise.

The British pound's significant decline has contributed to the strengthening of the U.S. dollar.

The Euro (EUR) experienced a decline on Tuesday, as the EUR/USD pair fell towards the 1.1600 level, retreating from its recent recovery amid pressure from a strong US Dollar.

The US Dollar Index rose to 97.80 after reaching its lowest point since July 28, driven by anticipation surrounding the Purchasing Managers' Index (PMI). Increased geopolitical tensions in Eastern Europe have also contributed to this rise.

The U.S. Dollar's movement is closely tied to expectations regarding monetary policy. According to our August 26 forecast, the DXY index encountered resistance at the 99.00 level. As the likelihood of a Federal Reserve interest rate cut approaches 90%, the dollar has begun to slip ahead of the upcoming Non-Farm Payroll (NFP) report.

Senior Technical Strategist Michael Boutros has identified key levels to watch for the USD Majors, commodities, and stock indices as the new week begins.

The EUR/USD exchange rate is currently at 1.1637, facing pressure from rising US yields and developments in French politics. Support is established at 1.1550, while potential gains are limited in the range of 1.1735 to 1.1830.

USD/CAD experienced a rally on Labor Day due to low trading volume. Support levels remained intact while attention turned to potential economic risks in the United States and a slowdown in Canadian exports.

The Australian Dollar (AUD) retraced some of its recent gains against the US Dollar (USD) on Tuesday, as the AUD/USD pair dropped to revisit the 0.6480 level.

The GBP/USD exchange rate declined to 1.3315 as UK 30-year gilt yields surged to 5.69%, marking the highest level since 1998. The rebound of the dollar and upcoming U.S. payroll reports are contributing to the pressure on the sterling.

The DXY index has gained momentum after surpassing the 50-day moving average, driven by rising Treasury yields following a U.S. tariff ruling. Traders are now looking forward to Friday's Non-Farm Payroll report for insights into Federal Reserve policy.

The EUR/USD pair has declined in anticipation of upcoming inflation data, while the USD/JPY has surged to 148.50 due to a recovery in the US dollar. Traders are now looking ahead to the release of the US ISM Manufacturing data.

The outlook for the Pound to Dollar exchange rate (GBP/USD) has improved, with the pair rising to two-week highs near 1.3540 on Monday.

The euro experienced a reversal of early gains on Monday, remaining constrained between the 1.16 support level and the 1.18 resistance level as traders assess the risks of a Federal Reserve rate cut amid low trading volume during the holiday season.

The USD/JPY currency pair is currently trading around 148.50 as the Bank of Japan postpones interest rate hikes and expectations for Federal Reserve rate cuts increase. Key support is identified at 147.00, while resistance is noted at 150.68, influenced by upcoming Non-Farm Payroll and PMI data.

The USD/CHF currency pair rose for the third consecutive day, increasing 0.57% on Tuesday to reach 0.8050, driven by heightened risk aversion that strengthened the US dollar. Economic data released during the session contributed to this upward movement.

The US dollar remains strong in the early hours of Tuesday, indicating persistent strength. Market participants are currently awaiting the Non-Farm Payroll data for further insights.

The EUR/USD currency pair has retreated from its August high of 1.1743, reaching a new weekly low of 1.1613.

The US Dollar Index is facing challenges near 97.70 as expectations for a Federal Reserve rate cut increase. Meanwhile, both GBP/USD and EUR/USD are demonstrating positive momentum, trading above important exponential moving average supports.

Gold prices continue to trend upward, with XAU/USD currently trading at $3,473 and December futures reaching a record high of $3,551. The support levels are identified between $3,450 and $3,389, while resistance is observed at $3,570 to $3,800. The market is influenced by expectations of a potential Federal Reserve rate cut.

The U.S. Dollar Index is experiencing a decline as traders anticipate a dovish stance from the Federal Reserve. Should the U.S. Dollar Index successfully hold below the 97.50 level, it may signal further weakening.