💱 FX Update: USD Gains Ground Against CHF; NZD Faces Decline Amid Mixed Market Sentiment
📊 US Dollar Index (DXY)
Current Level: 99.88 (+0.08%)
The forex market is currently influenced by a mix of economic data, central bank policies, and market sentiment. The US Dollar Index (DXY) shows modest strength, trading at approximately 99.88, as investors react to the Federal Reserve’s cautious stance on interest rates. Fed officials, including Governor Lisa Cook and President Mary Daly, emphasize the need for ongoing measures to combat inflation, which has kept market participants focused on potential rate cuts in December.
In contrast, the Dow Jones Industrial Average has faced declines, reflecting concerns over missing out on AI investments, suggesting a shift in risk sentiment that may influence currency movements. The Japanese Yen remains stable against the USD, likely impacted by local market holidays, while the Swiss Franc’s weakness, following a miss in inflation data, has allowed USD/CHF to reach a three-week high.
The British Pound is relatively stable ahead of the Bank of England’s policy meeting, with market caution prevailing as expectations for potential easing loom. The Euro is stabilizing near three-month lows despite weaker US manufacturing data, indicating a complex interplay between US economic performance and European currency strength. Additionally, the Australian Dollar has weakened as the RBA’s policy meeting approaches, reflecting broader market dynamics favoring the US Dollar in the current environment. Overall, currency traders are navigating a landscape shaped by central bank policies and mixed economic signals.
💱 Major Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD – Euro / U.S. Dollar | EURUSD | 1.1521 | -0.45% | -0.95% | -0.76% | -1.84% | -1.76% | +10.55% | +3.19% | +5.87% | 1.1682 | 1.1667 | 1.1311 | 44.60 | -0.00 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 154.1990 | +0.19% | +0.74% | +1.48% | +4.12% | +6.70% | +1.97% | +6.70% | -0.60% | 149.5221 | 148.1357 | 147.8657 | 59.48 | 1.12 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3138 | -0.16% | -1.38% | -1.60% | -2.42% | -4.24% | +4.40% | -0.40% | +2.86% | 1.3433 | 1.3465 | 1.3240 | 29.74 | -0.01 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.8079 | +0.78% | +1.48% | +1.48% | +1.46% | +1.20% | -10.69% | -4.63% | -9.22% | 0.7978 | 0.8006 | 0.8308 | 54.40 | 0.00 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6541 | -0.28% | +0.11% | +0.79% | -0.73% | +0.12% | +3.15% | -3.42% | -1.58% | 0.6564 | 0.6540 | 0.6443 | 55.63 | -0.00 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.4054 | +0.52% | +0.43% | +0.47% | +1.97% | +2.72% | -1.31% | +4.24% | +2.76% | 1.3902 | 1.3811 | 1.3954 | 52.71 | 0.00 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5710 | -0.61% | -0.87% | -0.46% | -2.41% | -5.83% | +0.16% | -7.98% | -7.52% | 0.5826 | 0.5902 | 0.5856 | 47.77 | -0.00 |
In the recent trading session, the U.S. Dollar demonstrated strength against several major currencies, particularly against the Swiss Franc and Canadian Dollar, with USD/CHF gaining 0.78% and USD/CAD rising 0.52%. The USD/JPY pair also saw a modest increase of 0.19%, indicating a general bullish sentiment for the Dollar amid ongoing economic data releases. Conversely, the New Zealand Dollar, Euro, and Australian Dollar faced downward pressure against the USD, with NZD/USD leading the decline at -0.61%, reflecting potential market concerns over commodity prices and economic performance in those regions. Overall, the U.S. Dollar’s resilience suggests a risk-off sentiment in the market, favoring safe-haven currencies amid global uncertainties.
🔀 Cross Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8766 | -0.31% | +0.41% | +0.83% | +0.57% | +2.56% | +5.85% | +3.59% | +2.89% | 0.8696 | 0.8664 | 0.8539 | 68.91 | 0.00 |
| EUR/JPY | EURJPY | 177.5920 | -0.28% | -0.24% | +0.68% | +2.17% | +4.80% | +12.70% | +10.09% | +5.21% | 174.6489 | 172.8153 | 167.1648 | 59.60 | 0.86 |
| EUR/CHF | EURCHF | 0.9304 | +0.31% | +0.49% | +0.69% | -0.44% | -0.61% | -1.29% | -1.62% | -3.93% | 0.9319 | 0.9339 | 0.9378 | 50.50 | -0.00 |
| EUR/AUD | EURAUD | 1.7610 | -0.17% | -1.07% | -1.57% | -1.13% | -1.89% | +7.16% | +6.83% | +7.56% | 1.7797 | 1.7839 | 1.7549 | 40.13 | -0.00 |
| GBP/JPY | GBPJPY | 202.5920 | +0.04% | -0.64% | -0.14% | +1.60% | +2.20% | +6.48% | +6.28% | +2.26% | 200.8187 | 199.4323 | 195.6943 | 46.36 | 0.48 |
| GBP/CHF | GBPCHF | 1.0614 | +0.63% | +0.09% | -0.14% | -0.96% | -3.08% | -6.74% | -5.01% | -6.62% | 1.0716 | 1.0779 | 1.0986 | 35.87 | -0.00 |
| AUD/JPY | AUDJPY | 100.8420 | -0.10% | +0.84% | +2.29% | +3.35% | +6.83% | +5.18% | +3.04% | -2.18% | 98.1261 | 96.8717 | 95.2415 | 62.84 | 0.69 |
| AUD/NZD | AUDNZD | 1.1454 | +0.32% | +0.98% | +1.28% | +1.71% | +6.33% | +2.99% | +4.95% | +6.42% | 1.1267 | 1.1083 | 1.1003 | 60.03 | 0.00 |
| CHF/JPY | CHFJPY | 190.8670 | -0.58% | -0.71% | +0.00% | +2.63% | +5.46% | +14.18% | +11.90% | +9.52% | 187.3885 | 185.0248 | 178.2602 | 60.09 | 1.23 |
| NZD/JPY | NZDJPY | 88.0250 | -0.42% | -0.14% | +1.00% | +1.61% | +0.48% | +2.12% | -1.83% | -8.08% | 87.0688 | 87.3859 | 86.5437 | 58.95 | 0.31 |
The top performers among the crosses show a strengthening of the GBP against the CHF, likely driven by positive economic sentiment or data from the UK, while the AUD/NZD and EUR/CHF pairs also reflect relative strength in their base currencies. Conversely, the weakest performers indicate a decline in the CHF against the JPY, possibly influenced by market sentiment favoring riskier assets, while the NZD and EUR show weakness against the JPY and GBP, respectively. Overall, the market appears to favor currencies with stronger economic indicators, while safe-haven currencies like CHF may be experiencing pressure. Traders should watch for potential reversals or consolidations in these pairs as market dynamics evolve.
🌍 Exotic and Emerging Market Currencies
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD/TRY – U.S. Dollar / Turkish Lira | USDTRY | 42.0489 | +0.05% | +0.14% | +0.17% | +1.55% | +5.41% | +15.81% | +23.58% | +28.85% | 41.5569 | 40.9316 | 39.2922 | 73.35 | 0.14 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.3057 | +0.17% | +0.62% | -0.63% | -0.08% | -2.62% | -6.51% | -2.21% | -7.51% | 17.3772 | 17.5685 | 17.9717 | 49.22 | -0.03 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.4700 | +0.53% | -0.64% | -0.95% | +1.85% | -0.51% | -3.74% | -4.42% | -11.17% | 32.2884 | 32.3822 | 32.9297 | 46.67 | 0.04 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4843 | +0.51% | +1.09% | +0.80% | +0.73% | +0.16% | -11.56% | -7.13% | -8.98% | 9.4120 | 9.4953 | 9.7929 | 46.87 | -0.00 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.1262 | +0.76% | +1.40% | +1.04% | +2.06% | +0.57% | -9.02% | -3.89% | -4.03% | 9.9924 | 10.0681 | 10.3582 | 54.28 | 0.01 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.4818 | +0.44% | +0.95% | +0.75% | +1.94% | +1.89% | -9.44% | -3.00% | -5.44% | 6.3911 | 6.3977 | 6.6090 | 55.80 | 0.02 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.4810 | -0.24% | +0.34% | +0.23% | +0.33% | -1.69% | -9.64% | -4.61% | +3.76% | 18.4750 | 18.6133 | 19.2913 | 52.10 | 0.00 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6928 | +0.77% | +1.32% | +1.37% | +1.70% | +2.22% | -7.83% | -3.68% | -6.68% | 3.6400 | 3.6457 | 3.7506 | 52.73 | 0.01 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 336.1200 | +0.23% | +0.49% | +0.37% | +1.09% | -1.19% | -12.93% | -4.77% | -6.93% | 334.6867 | 338.3405 | 353.3709 | 42.34 | 0.08 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 21.1090 | +0.45% | +1.15% | +0.96% | +2.05% | +0.09% | -12.31% | -5.79% | -6.96% | 20.8266 | 20.9702 | 21.8989 | 56.06 | 0.05 |
In the recent trading session, the USD/PLN and USD/NOK emerged as top performers, gaining 0.77% and 0.76%, respectively, indicating a strengthening of the U.S. Dollar against both the Polish Zloty and Norwegian Krone. This uptick may reflect positive U.S. economic data or market sentiment favoring safety in the dollar amid fluctuating global conditions. Conversely, the USD/MXN showed relative weakness, declining by 0.24%, which may suggest growing confidence in the Mexican Peso or concerns over U.S. economic indicators affecting cross-border trade. Overall, the mixed performance of these exotic pairs underscores a dynamic market environment, with investors closely monitoring geopolitical developments and economic indicators that could sway currency valuations.
🏆 Top Daily Performers (Crosses & Exotics)
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