USD Still Has Strength to Push Higher as EURUSD Begins to Turn Bearish

Recent developments, including a more dovish tone from the Federal Reserve, softer US survey data, and below-expectation payrolls, prompted significant adjustments in US rates and the USD. The initial anticipation of potential rate hikes shifted as market sentiment turned towards a more cautious outlook, leading to a re-evaluation of USD positions. While USDJPY intervention played a role, it was p
ACY Securities | 478 วันที่ผ่านมา

Recent developments, including a more dovish tone from the Federal Reserve, softer US survey data, and below-expectation payrolls, prompted significant adjustments in US rates and the USD. The initial anticipation of potential rate hikes shifted as market sentiment turned towards a more cautious outlook, leading to a re-evaluation of USD positions. While USDJPY intervention played a role, it was primarily the disappointing US data releases that fuelled the downward movement.

USDJPY H1 Chart

 Source: Finlogix Charts Towards the end of the week, USD selling was predominantly a result of trimming positions rather than a widespread move towards shorting, with notable exceptions like demand for BRL. Despite continued USD weakness, traders remained cautious about the sustainability of these trends, particularly in the context of thin holiday trading.

While last week's developments offered a brief respite, Goldman Sachs research team says that they maintain a cautious stance, projecting a stronger dollar in the long run. Limited divergence and a decreased FX carry buffer heighten the susceptibility of emerging market currencies to potential hawkish US policy shifts.

Japan's recent actions highlight the global attention on US policy decisions, with policymakers worldwide adjusting their strategies accordingly. Additionally, shifts in the People's Bank of China's USDCNY fix suggest a potential change in dynamics, contributing to stability in USD/NJA pairs. Interest in buying USDCNH topsides across various maturities remains robust among macro traders. 

USD Index H1 Chart 

 Source: Finlogix ChartsLooking ahead, a light US data calendar places emphasis on Fed speakers, while market attention turns to the Bank of England's communication for potential policy insights. Changes in inflation projections, voting patterns, and Governor Bailey's tone during the press conference will be closely monitored for clues regarding future rate adjustments. In the emerging market space, central bank meetings in CEEMEA and Latam, particularly in Brazil and Peru, will be scrutinized for potential policy shifts.

BoE Rate Decision 

 Source: Finlogix Economic CalendarInsights Inspired by Goldman Sachs (FX Morning Thoughts): Credit to Their Analysis for Shaping Some Aspects of This Text

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

กฎระเบียบ: ASIC (Australia), FSCA (South Africa)
read more
US Dollar Surges, Global Markets Await Key Inflation Data | 29th August 2025

US Dollar Surges, Global Markets Await Key Inflation Data | 29th August 2025

The US Dollar extends gains, with DXY near 98.00 ahead of key PCE data. EUR/USD drifts to 1.1650 on weak eurozone growth, while USD/JPY hovers below 147.00 after hotter Tokyo CPI. GBP/USD slips toward 1.3510 on UK fiscal concerns, and USD/CNY steadies around 7.10 as PBoC leans against yuan weakness. Traders brace for PCE to confirm—or challenge—the USD’s bullish momentum.
Moneta Markets | 1 วันที่ผ่านมา
ATFX Market Outlook 28th August 2025

ATFX Market Outlook 28th August 2025

S&P 500 Index closed at a new record high on Wednesday as investors awaited the week’s most anticipated event—Nvidia’s quarterly earnings after the bell, which will test whether the rally in AI-related valuations can be sustained. The Dow rose 0.32%, the S&P 500 gained 0.24%, and the Nasdaq added 0.2%.
ATFX | 2 วันที่ผ่านมา
A Tale of Two Currencies: USD Finds Footing as EUR and AUD Face Domestic Headwinds | 27th August 2025

A Tale of Two Currencies: USD Finds Footing as EUR and AUD Face Domestic Headwinds | 27th August 2025

The US Dollar rebounds, pressuring gold below $1,950 and weighing on risk assets. AUD/USD holds near 0.6480 ahead of key CPI data, while EUR/USD slips toward 1.1630 amid French political uncertainty. USD/JPY trades above 147.50 but faces upside limits on Fed policy concerns. USD/CNY steady near 7.11 as PBOC defends yuan. Markets eye CPI and jobs data for next moves.
Moneta Markets | 4 วันที่ผ่านมา
ATFX ​Market Outlook 26th August 2025

ATFX ​Market Outlook 26th August 2025

U.S. new home sales in July declined as persistently high mortgage rates continued to dampen housing demand. U.S. equities closed lower on Monday, with investors weighing the interest rate outlook while focusing on NVIDIA’s upcoming quarterly earnings, all while digesting last Friday’s strong rebound. The Dow Jones fell 0.77%, the S&P 500 lost 0.43%, and the Nasdaq slipped 0.2%.
ATFX | 4 วันที่ผ่านมา