Oct 2, 2026

Forex & Currency Watch — 2026-10-02

The US Dollar weakened on Friday as Fed rate-hike odds eased, with USD/CHF and USD/JPY both retreating after sharp gains. The Swiss Franc emerged as the largest winner among majors, gaining on softer greenback momentum, while the Japanese Yen found support from stronger-than-expected Tokyo CPI data (2.7% core, beating the BOJ's 2% target for the first time in nine months). Risk-off flows and upcoming US NFP data are set to determine the next leg of dollar direction in coming sessions.

6 min read/15 sources

Sep 30, 2026

Forex & Currency Watch — 2026-09-30

The US Dollar Index surges toward its yearly peak on hawkish Federal Reserve expectations, with EUR/USD sliding to a three-month low near 1.1331 as broad-based greenback strength dominates. Rising Treasury yields and crude oil strength are the primary macro catalysts reshaping FX positioning, while Japanese yen intervention risks loom near the 160 handle.

5 min read/15 sources

Sep 27, 2026

Forex & Currency Watch — 2026-09-27

The dollar held firm, with the DXY near 101.15 and on track for a second straight weekly gain above 101.00 as hawkish Federal Reserve rhetoric supported the greenback. The Japanese yen was the biggest mover among majors, with USD/JPY notched down about 1% after President Trump expressed concern over yen weakness, halting the dollar's daily win streak. Treasury yield pressure and Fed positioning remain the dominant macro catalysts heading into next week's data.

4 min read/15 sources

Sep 25, 2026

Forex & Currency Watch — 2026-09-25

The dollar held firm for a second straight weekly gain, with the DXY trading near 101.15 in early European hours Friday. The biggest mover among the majors was the yen: USD/JPY slipped nearly 1% to 157.27, down from an opening near 158.85. Hawkish Fed commentary and a deepening Treasury rout kept the dollar bid, even as the yen found support from reduced foreign investment flows flagged by Citi.

4 min read/15 sources

Sep 22, 2026

Forex & Currency Watch — 2026-09-22

The dollar held a firm tone on Tuesday as traders digested a hawkish Federal Reserve stance following last week's rate decision, with the greenback recovering early losses against the euro. The yen was the day's biggest mover among the majors, sliding on the policy gap between the Fed and the BOJ, with USD/JPY up 0.11% daily and 1.57% on the week to 157.55. Geopolitical uncertainty — including Trump's comments on Iran and ongoing mediation efforts — kept markets cautious, supporting safe-haven flows into the dollar and gold.

5 min read/15 sources

Sep 17, 2026

Forex & Currency Watch — 2026-09-17

The US Dollar Index (DXY) is stabilizing near 99.50-99.60 as markets digest the Federal Reserve's recent 25 basis point rate hike and pivot focus to the Bank of England. The single biggest mover among majors is the New Zealand Dollar (NZD/USD), which surged +0.52% on risk-on sentiment, while the Japanese Yen strengthened against the dollar (USD/JPY -0.40%) ahead of BOJ speculation. The main macro catalyst driving the tape is the Fed's hawkish hold/hike decision combined with hotter-than-expected US inflation data, which has kept Treasury yields elevated and supported the greenback's broad strength.

4 min read/15 sources

Sep 12, 2026

Forex & Currency Watch — 2026-09-12

The US Dollar Index (DXY) is consolidating near the 99.00 zone, holding gains after a brief wobble, driven primarily by a hotter-than-expected US Producer Price Index (PPI) and rising yields. The Japanese Yen (JPY) was the single biggest mover among majors, appreciating significantly against the dollar (-0.48% daily, -1.64% weekly) following Bank of Japan (BOJ) commentary hinting at faster rate hikes. The macro tape is dominated by inflation data: the recent hot US PPI and upcoming CPI print have solidified market expectations for a Federal Reserve rate hike, while the ECB's recent hike has weighed on the Euro.

5 min read/15 sources

Sep 9, 2026

Forex & Currency Watch — 2026-09-09

The US Dollar Index (DXY) is trading under pressure, weighed down by a sharp rally in the Japanese Yen and broad currency weakness ahead of key inflation data. The Yen is the single biggest mover, surging to a seven-month high against the dollar as traders bet on Bank of Japan (BOJ) rate hikes. The main macro catalysts driving the tape are the upcoming ECB rate decision, rising oil prices impacting risk appetite, and heightened expectations for a Fed rate hike at the September 16 meeting.

4 min read/15 sources

Sep 6, 2026

Forex & Currency Watch — 2026-09-06

The US Dollar Index (DXY) has stabilized near the 99.00 level after slipping below 100, as traders digest a stronger-than-expected US Nonfarm Payrolls report that initially boosted the dollar before Fed Governor Christopher Waller's comments tempered rate-hike expectations. The Japanese Yen (JPY) remains the single biggest mover among majors, having surged earlier in the week on rate bets before easing slightly; USD/JPY is trading at 156.25, up +0.26% on the day but down -2.39% for the week. The main macro catalyst driving the tape is the divergence between robust US labor data and central bank commentary, with the market now bracing for the upcoming ECB decision and further US inflation data.

5 min read/15 sources

Sep 3, 2026

Forex & Currency Watch — 2026-09-03

The US Dollar Index (DXY) is trending lower as traders temper expectations for further Federal Reserve rate hikes, with the dollar softening against major peers. The Japanese Yen (JPY) emerged as the single biggest mover, surging nearly 1.8% against the dollar on speculation of Bank of Japan intervention and hawkish policy shifts. The main macro catalyst driving the tape is a combination of softer US labor market data, cooling inflation expectations, and global bond yield volatility.

4 min read/15 sources

Aug 31, 2026

Forex & Currency Watch — 2026-08-31

The US Dollar Index (DXY) is stabilizing at elevated levels following a hawkish signal from Fed Chair Kevin Warsh at the Jackson Hole symposium, which has recalibrated market expectations for a September rate hike. The USD/JPY pair emerged as the single biggest mover among majors, surging past the psychological 160.00 level to a one-month high before a minor pullback. The primary macro catalyst driving the tape is the re-escalation of Middle East tensions combined with resilient US economic data, which has dampened risk appetite and bolstered safe-haven flows into the dollar.  **Dollar Holds Gains as Warsh's Hawkish Stance Fuels Rate Hike Bets**

5 min read/15 sources

Aug 28, 2026

Forex & Currency Watch — 2026-08-28

The US Dollar Index (DXY) is trading below the 99.00 mark, hovering near a one-week low as traders position for Federal Reserve Chair Kevin Warsh's Jackson Hole address. The single biggest mover among majors is the New Zealand Dollar (NZD/USD), which dropped 0.45% today, followed closely by the Euro (EUR/USD) down 0.40%. The main macro catalyst driving the tape is the anticipation of Fed Chair Warsh's speech at Jackson Hole, with markets bracing for potential hawkish signals regarding inflation persistence.

4 min read/15 sources

Aug 25, 2026

Forex & Currency Watch — 2026-08-25

The US Dollar Index (DXY) has reclaimed the 99.00 mark, moving away from multi-month lows on safe-haven demand ahead of a data-heavy week. The New Zealand Dollar (NZD/USD) was the biggest mover among majors, gaining +0.13% on the day and +1.48% on the week, while the Japanese Yen remained under pressure with USD/JPY crawling toward the key 160.00 level. The primary macro catalyst is the upcoming Jackson Hole symposium, where Fed Chair Warsh is set to make his debut, alongside fresh US inflation data that will test the dollar's recent weakness.

4 min read/15 sources

Aug 23, 2026

Forex & Currency Watch — 2026-08-23

The US Dollar Index (DXY) is holding near multi-month lows around 98.80, with the Australian Dollar (AUD/USD) emerging as the week's biggest major mover, gaining +0.82% on Friday. The main macro catalyst driving the tape is a "Fed–Treasury Clash" over US debt sustainability, compounded by the upcoming debut of Fed Chair Warsh at the Jackson Hole symposium and strong US PMI data that failed to reverse dollar weakness.

5 min read/15 sources

Aug 21, 2026

Forex & Currency Watch — 2026-08-21

The US Dollar Index (DXY) sold off broadly, sinking below the 100.00 mark to its weakest level in three months following a US Treasury announcement to boost buybacks of long-dated bonds. The Euro emerged as the single biggest gainer among majors, posting a fresh three-month high near 1.1693 against the dollar. The primary macro catalyst driving the tape was the shift in US Treasury debt management strategy, which pressured longer-term yields and triggered a risk-on move in global FX markets.

5 min read/15 sources

Aug 17, 2026

Forex & Currency Watch — 2026-08-17

The dollar index is extending its pullback at the start of the week, according to fresh FX coverage. NZD/USD is the strongest listed major mover, rising 0.32% daily, while the yen is supported by weaker-than-expected Japanese GDP. The tape is being driven by broad dollar weakness, Japan-growth concerns and continued sensitivity to geopolitical risk around oil markets.

3 min read/15 sources

Aug 7, 2026

Forex & Currency Watch — 2026-08-07

The dollar’s DXY direction cannot be verified because the supplied live quote pages did not render a DXY value. NZD/USD was the largest listed major-pair mover, falling 0.31% daily, while markets focused on safe-haven demand, yields, yen-intervention risk and upcoming U.S. payrolls.

3 min read/15 sources

Aug 5, 2026

Forex & Currency Watch — 2026-08-05

The DXY level and direction could not be independently verified from the available live quote grid, but major dollar pairs generally showed a softer U.S. dollar. USD/CAD was the biggest major-mover in the supplied data, falling 0.35% on the day and 0.23% over the week. Fresh market coverage highlighted yen-support intervention and Middle East diplomacy as the main forces shaping sentiment.

3 min read/15 sources

Aug 3, 2026

Forex & Currency Watch — 2026-08-03

The US dollar retreated broadly last week as Japan and the US executed coordinated intervention to support the yen, with USD/JPY plunging nearly 2.5% to crack the 156 level. EUR/USD edged down 0.20% to 1.1505, while JPY emerged the session's dominant winner across all major pairs. Friday's US nonfarm payrolls—the critical inflation-fighting credibility test for the Fed—now stands as the tape's biggest near-term catalyst, with currency markets pricing a reopening of rate-cut expectations if employment data disappoints.

5 min read/15 sources

Aug 2, 2026

Forex & Currency Watch — 2026-08-02

The US dollar retreated to near 100.00 on the DXY after the Federal Reserve held rates steady, with USD/JPY dropping 1.23% following suspected Japanese intervention. USD/CNY and emerging-market currencies gained as risk sentiment improved, while the euro remained flat despite ECB hold signals.

5 min read/15 sources

Forex & Currency Watch

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