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Will there be a shift in the balance of power between the euro and the U.S. dollar?

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Will there be a shift in the balance of power between the euro and the U.S. dollar?

23.03.2021

Today's Highlights
  1. The U.S. dollar is trading sideways
  2. Remarks by Bank of England Governor Bailey

Yesterday, the stock market remained firm, with stocks rising, interest rates falling, and commodity prices declining. Crude oil, which had temporarily risen to $68, fell below the $60 mark before rebounding, but faced resistance at higher levels and has since resumed its downward trend.

Furthermore, in response to China’s serious human rights violations in the Xinjiang Uyghur Autonomous Region, the EU imposed sanctions on Chinese government officials—including travel bans and asset freezes—for the first time in about 30 years. Following this news, the Swiss franc, considered a safe-haven currency, rose to around 117.9 against the yen.In contrast, the Australian and New Zealand dollars—currencies of resource-rich nations in Oceania—have fallen sharply. The New Zealand dollar is currently trading around 77.1 against the yen.

Today, at 4:00 PM, the UKunemployment rate at 4:00 PM, remarks by UK MPC member Holden at 5:40 PM, remarks by UK BOE Deputy Governor Canrif at 6:55 PM, remarks by UK BOE Governor Bailey at 8:50 PM, remarks by US Federal Reserve Chair Powell and US Treasury Secretary Yellen at 1:00 AM, and a US 2-year Treasury auction at 2:00 AM.We will closely monitor how these remarks by U.S. officials affect currency strength and weakness.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has focused primarily on foreign exchange trading and also has experience as an investment advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

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Should we pay attention to statements made by various dignitaries?

Next Article

Attention may turn to the U.S. 5-year Treasury auction

Past Market Reports

  1. 22.04.2026New

    Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

  2. 21.04.2026New

    With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

  3. 20.04.2026New

    Will the market wait and see how much further the U.S. dollar can rise against the yen?

  4. 17.04.2026New

    Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

  5. 16.04.2026New

    Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

  6. 15.04.2026

    Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

  7. 14.04.2026

    Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

  8. 13.04.2026

    Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

  9. 10.04.2026

    Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

  10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

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