Will the U.S. dollar continue to hit new highs over the weekend?

Will the U.S. dollar continue to hit new highs over the weekend?

15.10.2021

Yesterday, the three major U.S. stock indices all rebounded, fueling a risk-on sentiment characterized by rising stock prices, falling interest rates, and a stronger U.S. dollar. Energy prices also surged; while OPEC noted that it will take time for demand to recover from the impact of the novel coronavirus, WTI crude oil rose to 81.9.

In the foreign exchange market, the U.S. dollar continues to rise, and combined with the yen’s weakness, the USD/JPY pair has broken into the 114-yen range during today’s Asian trading session, climbing as high as 114.15. Having already surpassed the weekly high, the key question will be whether it can break above the October 2018 high of 114.50.

Today, at 3:45 PM, France’s Consumer Price Index; at 6:00 PM, the Eurozone’s trade balance;at 9:30 PM: U.S. Retail Sales, Canadian Wholesale Sales, U.S. NY Fed Manufacturing Index, and U.S. Import Price Index; at 10:00 PM: Canadian Existing Home Sales; at 11:00 PM: U.S. University of Michigan Consumer Sentiment Index (Preliminary) and U.S. Business Inventories; and at 12:45 AM: Remarks by U.S. St. Louis Fed President Bullard.We will be closely monitoring how other currencies position themselves against the notably strong U.S. dollar.

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