US Dollar off highs, stays firm near 92.30

Pablo Piovano FXStreet

The US Dollar Index, which gauges the buck vs. its main rivals, is receding from session tops near 92.40 to the current 92.30/25 band.

US Dollar up on EUR/USD losses

The index clinched fresh 3-day tops around 92.40 earlier in the session following an increasing selling bias in EUR/USD. In fact, EUR-sellers stepped in today following rising concerns over the likeliness of some political uncertainty in Germany in response to yesterday’s results at the elections.

In the US calendar, the Chicago Fed activity index dropped to -0.31 during August, missing expectations at -0.25.

Still in the US, NY Fed W.Dudley (permanent voter, centrist) said that fundamentals supporting the economic expansion are quite favourable and that the Fed will keep removing gradual policy accommodation.

On another direction, USD speculative net shorts rose to the highest level since early April 2014 in the week to September 19, as shown by the latest CFTC report.

Later in the session Chicago Fed C.Evans (voter, dovish) is also due to speak.

US Dollar relevant levels

As of writing the index is gaining 0.34% at 92.26 and a break above 92.69 (high Sep.20) would open the door to 93.20 (55-day sma) and then 94.03 (23.6% Fibo of the 2017 drop). On the other hand, the immediate support lines up at 92.14 (10-day sma) seconded by 91.61 (low Sep.20) and finally 91.01 (2017 low Sep.8).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD: US Dollar comeback in the makes?

The US Dollar stands victorious at the end of another week, with the EUR/USD pair trading near a four-week low of 1.1742, while the USD retains its strength despite some discouraging American data released at the end of the week. The pair edged higher on Friday, after the United States Supreme Court ruled against President Donald Trump's tariffs, although the advance is not enough to change the latest USD flow.

GBP/USD braces for more pain, as 200-day SMA tested

GBP/USD broke the previous week’s consolidation to the downside, as sellers returned with pomp, smashing the major back toward the levels last seen in late January. The pair tested bids below the 1.3450 barrier as the US Dollar strength largely played out throughout the week, while the Pound Sterling stepped back on expectations of divergent monetary policy outlooks between the Bank of England and the US Federal Reserve.

Gold rises to near $5,100 as Trump’s tariffs boost haven demand, US-Iran talks eyed

Gold price edges higher to near $5,095 during the early Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, boosting safe-haven flows.

Week ahead: Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness. Yen and aussie diverge; both pound and euro could recoup their losses.

Broadening drivers of growth: Unpacking GDP and looking ahead

This week’s data delivered a familiar theme with an important twist. The U.S. economy continues to be shaped by powerful forces in high-tech and AI-related investment, but recent releases suggest the growth story may finally be broadening. At the same time, trade flows are moving in a less supportive direction, reminding us that not all parts of the economy are pulling in sync.

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.