USD in the spotlight: latest news

The NZD/USD has shown an increase due to widespread weakness in the US dollar; however, it remains confined around the 0.58 level. The low liquidity during the holiday season is contributing to volatile and range-bound trading conditions.

The Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) on Tuesday, following the release of the Reserve Bank of Australia's Meeting Minutes, which highlighted policymakers' positive outlook on the economy.

The US Dollar has weakened due to expectations of Federal Reserve easing, alongside a rise in safe-haven demand. Meanwhile, GBP/USD and EUR/USD maintain bullish trends within their respective rising technical channels.

The USD/JPY exchange rate remains stable around 156.44, as hawkish signals from the Bank of Japan support the yen, while expectations of interest rate cuts from the Federal Reserve put pressure on the dollar. Key levels and market outlook are discussed in detail.

The EUR/USD pair approached the 1.1800 level during European trading hours on Tuesday. The foreign exchange market is currently reflecting a weakness in the US Dollar (USD), despite some encouraging growth data.

GBP/USD is rising due to renewed weakness in the US dollar, nearing a significant resistance level around 1.3450 as traders evaluate market conditions and potential breakout opportunities.

The GBP/USD exchange rate surpassed $1.35 on Tuesday, reaching its highest point since late September.

The U.S. Dollar Index has stabilized following a decline, as robust GDP data coincides with steady Treasury yields amid light holiday trading conditions.