USD Weakens as Euro Gains Momentum; DXY Declines 0.32% Amidst Calm Markets
· Forex · QuoteReporter
USD Weakens as Euro Gains Momentum; DXY Declines 0.32% Amidst Calm Markets
US Dollar Index (DXY)
Current Level: 99.16 (-0.32%)
In the currency markets, the US Dollar (USD) is experiencing a notable decline, reflected in the DXY index, which is down by 0.32%. This weakness is evident in the USD/INR pair, which has dropped to around 88.85, influenced by a decrease in India’s Wholesale Price Index (WPI) inflation by 1.21%. Meanwhile, the Australian Dollar (AUD) is gaining traction against the USD, buoyed by positive data from China, including improved Industrial Production and Retail Sales figures.
The Japanese Yen (JPY) remains under pressure, hovering near a nine-month low against the USD, as uncertainties regarding potential rate hikes from the Bank of Japan (BoJ) persist. In contrast, the Euro (EUR) is strengthening against the British Pound (GBP) amid rising fiscal concerns and weak GDP data from the UK, pushing the EUR/GBP cross above 0.8860. Additionally, the EUR/CAD pair is benefiting from a cautious stance by the European Central Bank (ECB), trading near 1.6230.
Commodities are also influencing currency movements, with crude oil prices rising, which typically supports commodity-linked currencies like the AUD. Gold and silver prices are facing downward pressure due to diminishing expectations for a December rate cut by the Federal Reserve, impacting precious metals and their associated currencies. Overall, the FX market is characterized by a combination of USD weakness, commodity influences, and geopolitical uncertainties.
Today’s Economic Calendar
No significant economic events scheduled for today.
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 | 1.1643 | +0.44% | +0.81% | +1.37% | -0.70% | -0.51% | +9.56% | +4.73% | +8.40% | 1.1663 | 1.1666 | 1.1363 | 51.52 | -0.00 |
| USD/JPY – U.S. Dollar / Japanese Yen | USDJPY | 154.5270 | -0.12% | +1.03% | +0.63% | +5.01% | +5.63% | +3.16% | +5.69% | -2.01% | 150.6737 | 148.9264 | 147.8140 | 58.96 | 1.04 |
| GBP/USD – British Pound / U.S. Dollar | GBPUSD | 1.3133 | +0.04% | -0.06% | +0.86% | -2.33% | -3.29% | +2.65% | +0.27% | +3.28% | 1.3369 | 1.3427 | 1.3272 | 32.53 | -0.01 |
| USD/CHF – U.S. Dollar / Swiss Franc | USDCHF | 0.7914 | -0.81% | -1.80% | -2.34% | -0.71% | -0.67% | -11.04% | -7.08% | -10.91% | 0.7979 | 0.7998 | 0.8261 | 44.45 | 0.00 |
| AUD/USD – Australian Dollar / U.S. Dollar | AUDUSD | 0.6526 | -0.16% | +0.65% | +0.63% | -1.09% | -1.03% | +4.09% | -2.71% | -1.45% | 0.6563 | 0.6542 | 0.6455 | 48.57 | -0.00 |
| USD/CAD – U.S. Dollar / Canadian Dollar | USDCAD | 1.4032 | +0.16% | -0.56% | -0.49% | +0.51% | +2.75% | -2.53% | +3.15% | +2.33% | 1.3949 | 1.3843 | 1.3937 | 55.50 | 0.00 |
| NZD/USD – New Zealand Dollar / U.S. Dollar | NZDUSD | 0.5676 | +0.25% | +0.66% | +0.60% | -2.46% | -6.05% | +0.26% | -7.61% | -7.52% | 0.5787 | 0.5870 | 0.5856 | 35.14 | -0.00 |
In the recent trading session, the EUR/USD showed strong upward momentum, gaining 0.44% as market sentiment favored the euro amidst positive economic data from the Eurozone. The NZD/USD also demonstrated resilience, rising by 0.25%, supported by a weaker U.S. dollar and bullish sentiment in the commodities market.
Conversely, the USD/CHF experienced notable weakness, declining by 0.81%, likely due to safe-haven flows favoring the Swiss franc amid geopolitical tensions. Similarly, both AUD/USD and USD/JPY showed minor declines of 0.16% and 0.12%, respectively, indicating a cautious outlook on risk-sensitive assets as traders await key economic indicators. Overall, the U.S. dollar appears to be under pressure, with various factors contributing to its mixed performance against major currencies.
Cross Currency Pairs
| Name | Symbol | Price | Daily (%) | 5D (%) | 1W (%) | 1M (%) | 3M (%) | 6M (%) | YTD (%) | 12M (%) | MA50 | MA100 | MA200 | RSI | MACD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/GBP | EURGBP | 0.8862 | +0.37% | +0.84% | +0.48% | +1.64% | +2.85% | +6.72% | +4.43% | +4.91% | 0.8724 | 0.8688 | 0.8559 | 74.06 | 0.00 |
| EUR/JPY | EURJPY | 179.8540 | +0.29% | +1.82% | +1.98% | +4.25% | +5.08% | +13.02% | +10.66% | +6.19% | 175.6963 | 173.7112 | 167.9162 | 60.60 | 0.90 |
| EUR/CHF | EURCHF | 0.9210 | -0.40% | -1.06% | -1.03% | -1.44% | -1.20% | -2.55% | -2.73% | -3.47% | 0.9305 | 0.9330 | 0.9372 | 38.92 | -0.00 |
| EUR/AUD | EURAUD | 1.7840 | +0.60% | +0.17% | +0.76% | +0.39% | +0.54% | +5.27% | +7.65% | +9.95% | 1.7771 | 1.7832 | 1.7597 | 52.51 | -0.00 |
| GBP/JPY | GBPJPY | 202.9330 | -0.08% | +0.98% | +1.51% | +2.56% | +2.16% | +5.90% | +6.01% | +1.22% | 201.3867 | 199.9146 | 196.1138 | 45.36 | 0.28 |
| GBP/CHF | GBPCHF | 1.0392 | -0.77% | -1.89% | -1.50% | -3.03% | -3.94% | -8.68% | -6.84% | -7.99% | 1.0666 | 1.0738 | 1.0953 | 29.32 | -0.01 |
| AUD/JPY | AUDJPY | 100.8190 | -0.30% | +1.67% | +1.24% | +3.86% | +4.53% | +7.38% | +2.81% | -3.41% | 98.8599 | 97.4137 | 95.4011 | 55.79 | 0.57 |
| AUD/NZD | AUDNZD | 1.1498 | -0.39% | -0.00% | +0.04% | +1.42% | +5.36% | +3.86% | +5.31% | +6.61% | 1.1340 | 1.1148 | 1.1024 | 73.32 | 0.01 |
| CHF/JPY | CHFJPY | 195.2530 | +0.70% | +2.92% | +3.05% | +5.77% | +6.36% | +15.97% | +13.76% | +10.00% | 188.8005 | 186.1724 | 179.1930 | 62.77 | 1.19 |
| NZD/JPY | NZDJPY | 87.6710 | +0.13% | +1.67% | +1.21% | +2.40% | -0.78% | +3.40% | -2.38% | -9.39% | 87.1545 | 87.3629 | 86.5210 | 46.08 | 0.04 |
In the recent trading session, the CHF/JPY and EUR/AUD currency pairs demonstrated notable strength, with gains of +0.70% and +0.60%, respectively, indicating a bullish sentiment in these pairs. The CHF’s appreciation against the JPY suggests a strengthening of safe-haven assets amid market volatility, while the EUR/AUD’s rise reflects a favorable outlook for the Eurozone compared to the Australian economy.
Conversely, the GBP/CHF emerged as the weakest performer, declining by -0.77%, which signals bearish sentiment towards the British Pound against the Swiss Franc, possibly influenced by concerns over UK economic stability. Additionally, the EUR/CHF and AUD/NZD pairs also exhibited weakness, reinforcing the notion of a stronger CHF and highlighting challenges for the Australian economy in comparison to the Eurozone. Overall, the trends indicate a robust positioning of the CHF, while the GBP and AUD face headwinds.
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 | 42.3282 | +0.19% | +0.39% | +0.61% | +1.65% | +5.40% | +16.18% | +24.65% | +28.97% | 41.7489 | 41.1611 | 39.5797 | 82.00 | 0.15 |
| USD/ZAR – U.S. Dollar / South African Rand | USDZAR | 17.1157 | +0.17% | -1.37% | -2.15% | -0.90% | -3.42% | -7.33% | -4.93% | -6.11% | 17.3049 | 17.5120 | 17.9090 | 45.16 | -0.04 |
| USD/THB – U.S. Dollar / Thai Baht | USDTHB | 32.3600 | +0.03% | -0.03% | -0.61% | -0.25% | -0.71% | -3.89% | -6.18% | -12.09% | 32.2999 | 32.3593 | 32.8668 | 34.00 | -0.02 |
| USD/SEK – U.S. Dollar / Swedish Krona | USDSEK | 9.4119 | -0.33% | -1.64% | -1.76% | +0.20% | -0.90% | -9.61% | -8.02% | -10.09% | 9.4164 | 9.4902 | 9.7245 | 53.34 | 0.01 |
| USD/NOK – U.S. Dollar / Norwegian Krone | USDNOK | 10.0259 | -0.47% | -1.65% | -1.95% | +0.51% | -0.48% | -9.59% | -5.24% | -5.84% | 10.0043 | 10.0774 | 10.3058 | 53.81 | 0.02 |
| USD/DKK – U.S. Dollar / Danish Krone | USDDKK | 6.4159 | -0.39% | -0.76% | -1.29% | +0.76% | +0.62% | -8.62% | -4.40% | -7.61% | 6.4021 | 6.3990 | 6.5767 | 48.72 | 0.01 |
| USD/MXN – U.S. Dollar / Mexican Peso | USDMXN | 18.3451 | +0.31% | -1.14% | -1.77% | -0.36% | -1.38% | -10.64% | -5.88% | -0.95% | 18.4360 | 18.5647 | 19.1955 | 45.84 | -0.02 |
| USD/PLN – U.S. Dollar / Polish Zloty | USDPLN | 3.6355 | -0.42% | -1.17% | -1.95% | +0.14% | +0.13% | -7.18% | -5.57% | -10.08% | 3.6435 | 3.6445 | 3.7335 | 47.33 | 0.00 |
| USD/HUF – U.S. Dollar / Hungarian Forint | USDHUF | 330.6160 | -0.24% | -1.03% | -2.14% | -0.31% | -2.93% | -11.92% | -6.57% | -10.23% | 333.7111 | 337.0854 | 350.7206 | 37.55 | -0.79 |
| USD/CZK – U.S. Dollar / Czech Koruna | USDCZK | 20.7673 | -0.63% | -1.37% | -2.06% | +0.40% | -1.25% | -11.97% | -7.89% | -9.65% | 20.8326 | 20.9346 | 21.7573 | 43.66 | 0.02 |
In the current trading session, the top-performing exotics show a slight strengthening of the U.S. Dollar against the Mexican Peso (USD/MXN) with a gain of +0.31%, indicating continued support from robust U.S. economic data. The Turkish Lira (USD/TRY) and South African Rand (USD/ZAR) also exhibit modest gains of +0.19% and +0.17%, respectively, suggesting a stable sentiment for the dollar in emerging markets despite geopolitical uncertainties. Conversely, the weakest performers highlight a decline in the dollar against the Czech Koruna (USD/CZK), Norwegian Krone (USD/NOK), and Polish Zloty (USD/PLN), with losses of -0.63%, -0.47%, and -0.42%, respectively, signaling potential profit-taking or a shift in market sentiment towards these currencies amidst regional economic developments. Overall, the mixed performance reflects a complex interplay of global economic factors influencing investor sentiment across these exotic pairs
Top Daily Performers (Crosses & Exotics)
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