Will the rise in the euro-dollar exchange rate pause?

Will the rise in the euro-dollar exchange rate pause?

25.08.2021

Yesterday, the three major U.S. stock indices all rose, creating a risk-on market characterized by rising stock prices, interest rates, and oil prices. The yield on the 10-year U.S. Treasury note rose slightly to 1.29%, just shy of 1.3%, while WTI crude oil recovered to $67.30.Yesterday’s U.S. July existing home sales figures came in at 708,000 units, exceeding the market forecast of 697,000 units, indicating solid demand in the housing market.

In the foreign exchange market, the Dollar Index has fallen for two consecutive days, dropping to 92.8. As a result, the EUR/USD pair has risen slightly. The EUR/USD is currently trading around 1.174.Technically, the EUR/USD pair appears to be finding support at the 200-period simple moving average (SMA) on the hourly chart, and on the 4-hour chart, it is also finding support at the 20-period moving average (MA). While the future direction will depend on the US dollar, the key focus will likely be whether the pair can break above the recent high of 1.180.

Today’s economic indicators include Turkey’s Economic Sentiment Index and Capacity Utilization at 16:00 CET, Germany’s IFO Business Climate Index at 17:00 CET, and the U.S. MBA Mortgage Applications Index at 20:00 CET. In U.S. time, U.S. Durable Goods Orders are scheduled for 21:30 ET, U.S. Weekly Crude Oil Inventories for 23:30 ET, and the U.S. 5-Year Treasury Auction for 02:00 ET.With the Jackson Hole Symposium just two days away and volatility across various currencies declining, we will carefully assess how today’s economic indicators affect currency strength.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 15.04.2026New

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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed