Keep an eye on the direction of the weakening U.S. dollar
26.04.2021
- The euro is holding steady
- U.S. 2- and 5-Year Treasury Auction
Last weekend, all three major U.S. stock indices rose, with the S&P 500 closing at 4,180 points, up 1.09% from the previous day. Long-term bonds traded sideways, with the yield on the 10-year U.S. Treasury note at 1.57%. Crude oil rose slightly to $61.90, while gold traded sideways at $1,780.
In the foreign exchange market, the U.S. dollar is trading weakly against the yen and European currencies. The GBP/USD pair rose during today’s Asian trading session and is currently hovering around 1.390. The AUD/USD pair is also rising, climbing from 0.773 to 0.777. The Australian dollar is the strongest currency in today’s Asian trading session. The USD/JPY pair is falling gradually and is testing support around 107.7.
Today, the German IFO Business Climate Index is scheduled for 5:00 PM, U.S. durable goods orders for 9:30 PM, the Dallas Fed Manufacturing Activity Index for 11:30 PM, a U.S. 2-year Treasury auction for 12:30 AM, and a U.S. 5-year Treasury auction for 2:00 AM.This week, the Bank of Japan’s monetary policy decision is scheduled for Tuesday the 27th, the U.S. FOMC interest rate announcement for Wednesday the 28th, and the Eurozone employment report for Friday the 30th. We will be watching the strength of the U.S. dollar and European currencies closely.
Author: Keisuke Sakurai
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
