Will the U.S. dollar's decline stabilize?

Will the U.S. dollar's decline stabilize?

04.10.2021

Last weekend, the three major U.S. stock indices all rose, resulting in a market environment characterized by rising stock prices, falling interest rates, and higher oil prices. WTI crude oil rose to $75.70, while gold edged up to the $1,760 range. Coal prices also rose, reaching a new high. This comes amid reports that China is stepping up its efforts to secure resources.

Additionally, the U.S. Personal Consumption Expenditures Price Index (month-over-month) for August, released last Friday, came in at 0.3% versus a forecast of 0.2%, suggesting that consumer spending picked up ahead of the new school year. However, the U.S. dollar’s decline continued into U.S. trading hours last weekend, and the USD/JPY pair is currently trading around 111.01.That said, since USD/JPY is positioned just above the 200-day moving average on the hourly chart, we will be watching closely to see if a rebound occurs.

Today’s schedule includes Swiss retail sales and the Swiss Consumer Price Index at 15:30 Asia time; the Turkish Producer Price Index at 16:00 Europe time; Canadian housing starts at 21:30 U.S. time; U.S. new manufacturing orders at 23:00; and remarks by James Bullard, President of the St. Louis Federal Reserve Bank.With the U.S. jobs report coming up this weekend, attention is shifting toward the U.S. dollar. Therefore, I plan to closely monitor its correlation with European currencies and take a wait-and-see approach regarding price movements at the start of the week.

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