Should we keep an eye on the direction of the U.S. dollar?
15.04.2021
- BTC is once again nearing $70,000
- Turkey: Policy Rate/Statement Release
Yesterday, the Dow Jones Industrial Average traded in positive territory. Although cryptocurrency exchange Coinbase went public on the Nasdaq, its closing price fell about 14% from its opening price, and the Nasdaq closed at 13,857, down 0.99% from the previous day. Gold traded sideways around $1,739, while crude oil recovered to the $63 range.
The foreign exchange market is currently lacking a clear direction. Among the yen crosses, the Oceania currencies, which had been showing strength, rose by more than 100 pips, while the USD/JPY pair is trading in a range centered around 108.8. Meanwhile, the EUR/USD pair is also trading sideways and is currently attempting a corrective decline around the 1.197 level.
Today’s schedule includes the German Consumer Price Index at 3:00 PM, the French Consumer Price Index at 3:45 PM, Turkish home sales at 4:00 PM, the Turkish Central Bank’s policy rate at 8:00 PM, U.S. initial jobless claims, retail sales, the New York Fed Manufacturing Index, and the Philadelphia Fed Business Outlook Survey at 9:30 PM, and U.S.Industrial Production, 12:30 AM: U.S. Bostic (Atlanta Fed President) remarks, and 3:00 AM: U.S. Daly (San Francisco Fed) remarks. We will closely monitor today’s economic data releases to carefully assess whether any imbalances emerge in currency strength.
Past Market Reports
20.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
09.04.2026
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
07.04.2026
Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran
