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USD/CAD

U.S. Dollar Extends Gains in 2023: Factors Behind its Continued Strength and Outlook

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The U.S. dollar continues its upward momentum following strong gains in June, driven by the Federal Reserve’s hawkish interest rate stance, robust economic data, and diverging global monetary policies. As rates in the U.S. rise while other major economies remain more accommodative, capital flows into dollar assets intensify, reinforcing the greenback’s appeal amid ongoing global uncertainties. Key trading partners like the euro and yen have weakened against the dollar, highlighting the currency’s relative strength and safe-haven status. For investors and policymakers, monitoring these dynamics will be crucial as we head deeper into 2024.

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**Volatility Alert: Key Technical Levels and Scenarios for DXY, EURUSD, GBPUSD, and XAUUSD – October 6-10, 2025** *Justin Bennett, Daily Price Action*

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Weekly Forex Forecast (Oct 6-10, 2025) by Justin Bennett, Daily Price Action:

DXY remains bullish above 106.50, eyeing resistance near 108.00–108.50; a close below 106.50 could trigger correction toward 105.80 or 104.70.

EURUSD stays pressured under 1.0630; sustained selling may push price toward 1.0500 or lower, while a weekly close above 1.0630 is needed to shift momentum toward 1.0750.

GBPUSD faces resistance at 1.2200; downside risk targets 1.2000 support, with bulls needing a break above 1.2200 to reclaim control.

XAUUSD (Gold) consolidates above $1950; a decisive move above $1985 could extend gains toward $2020, while failure may revisit $1920 support.

Traders should watch key levels closely as these markets navigate critical inflection points this week.

EUR/USD

Aroundtown’s Dual-Currency Tender Offer Signals Strategic Debt Management Amid Rising Market Volatility

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Aroundtown’s recent EUR/USD tender offer results highlight strategic debt management amid evolving market conditions. High participation rates reflect investor appetite for liquidity and the company’s efforts to optimize debt maturity profiles. This move aligns with broader trends in corporate refinancing as firms navigate interest rate pressures and credit market volatility.

AUD/USD

**AUD/USD Near 0.6600 as US Dollar Dips on Shutdown Woes and Soft US PMI Data**

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AUD/USD remains near 0.6600 as the US Dollar weakens amid fears of a US government shutdown and softer-than-expected PMI data. Market uncertainty and signs of slower US growth continue to weigh on the greenback while the Australian Dollar benefits from stable economic conditions and changing RBA policy expectations. Traders are closely watching fiscal developments and data releases for further direction. Original reporting by Venkatesh Balasubramanian, FXStreet.

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**Forex Weekly Outlook: DXY Nears Multi-Month Highs as EURUSD and GBPUSD Test Key Supports; Gold Looks for a Bounce (October 6-10, 2025)**

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Weekly Forex Forecast (Oct 6-10, 2025):
DXY approaches strong resistance near 107.70; a break above could target 109.00, but signs of overbought conditions warn of a possible pullback toward 106.00–105.00.
EURUSD remains pressured below 1.0750; support at 1.0450 key, with potential lows near 1.0350 if broken. Watch for short-term rebounds but overall bearish bias intact.
GBPUSD tests support around 1.2150; should it hold, look for rallies toward 1.2350, else deeper declines may follow.
XAUUSD struggles near $1980; strong support near $1930 crucial. A sustained break above $2000 could fuel renewed upside momentum.
Traders should monitor key technical levels alongside Fed and ECB developments for clues to next moves. Analysis based on Justin Bennett at Daily Price Action.

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