USD weakened amid rising fears of a U.S. government shutdown, as political uncertainty and dovish Fed signals pressured the greenback. Meanwhile, the Canadian dollar gained strength supported by firm oil prices. Market volatility remains high as investors weigh economic data and policy outlooks.
The U.S. dollar strengthened after May’s ISM Manufacturing PMI came in at 48.7, above expectations, signaling a stabilizing economy. This boosted Treasury yields and reduced market odds of a Fed rate cut soon. As a result, EUR/USD and GBP/USD edged lower, USD/CAD gained, and USD/JPY climbed. Market watchers will track upcoming Fed and ECB signals for further directional cues.
USD strengthens as rising US Treasury yields and hawkish Fed signals drive global risk sentiment toward caution. The dollar gains against the euro and pound amid mixed economic data—Eurozone inflation slows, ECB cautious; UK growth weak, BoE on hold. Markets brace for ongoing “higher for longer” rates in 2025, supporting dollar dominance as investors seek yield and safety.
USD/CAD continues its upward trajectory, supported by a strong ascending channel and key technical indicators like bullish moving averages and a favorable RSI. With resistance near 1.3630, a breakout could target 1.3700 and beyond. Fundamental factors, including Fed-BOC policy divergence, reinforce this trend. Traders should watch support at 1.3565 as the bullish bias remains intact.
USD/CAD continues its upward momentum, breaking above key resistance levels as technical indicators and strong U.S. economic data support the dollar’s strength. Market focus remains on interest rate expectations and oil price trends heading into October. #Forex #USDCAD
USD/CAD extends its bullish run, breaking key resistance and staying above major moving averages. Supported by strong US economic data, a hawkish Fed, and weaker oil prices weighing on CAD. Technicals point to targets near 1.3740 and 1.3800 if momentum holds.
Source: Economies.com (Economies Team, Oct 1, 2025)
The US dollar retreated amid a notable decline in April job openings, signaling a cooling labor market and sparking renewed volatility across major pairs. EUR/USD pushed above 1.0880, supported by resilient Eurozone inflation, while GBP/USD gained despite mixed UK data. USD/CAD and USD/JPY also reflected shifting Fed rate cut expectations and risk sentiment. Traders now eye upcoming US jobs reports and central bank signals for further direction.
The U.S. dollar weakened as softer-than-expected May JOLTS data raised bets on a more dovish Fed stance. Cooling labor market signals pushed Treasury yields lower and pressured the dollar, supporting gains in EUR/USD and GBP/USD amid improving eurozone data and UK political stability. Traders now eye upcoming Fed testimony for clues on rate trajectory.
The US dollar pulls back as traders focus on key economic data that could shape Federal Reserve policy. EUR/USD rebounds past 1.0870, GBP/USD gains toward 1.2800 amid softer dollar tone. USD/CAD and USD/JPY also reflect shifts amid labor and inflation signals. Market eyes upcoming reports closely. #ForexAnalysis
The U.S. dollar pulled back after weaker-than-expected JOLTS data signaled a cooling labor market, shifting Fed rate cut expectations. EUR/USD and GBP/USD gained, USD/JPY and USD/CAD slipped amid lower Treasury yields and Bank of Canada rate outlooks. Markets now eye upcoming payroll and inflation reports for clues on monetary policy direction.
