Will the U.S. dollar’s upward momentum continue?

Will the U.S. dollar’s upward momentum continue?

12.11.2021

Yesterday, in the U.S. market, two of the three major stock indices rose, resulting in a market environment characterized by higher stock prices, higher interest rates, and flat crude oil prices. WTI crude oil remained flat around $80.90, while gold has been hovering around $1,860 without falling significantly from the sharp surge the day before yesterday. The yield on the 10-year U.S. Treasury note is trading in the 1.56% range.

In the foreign exchange market, the U.S. dollar is showing strength, and the GBP/USD pair is trending lower. Although GBP/USD has fallen slightly from 1.343 to 1.335, it is currently hovering just above the 200-day EMA on the weekly chart. Since breaking below this level would require significant momentum, it is important to closely monitor the direction of the U.S. dollar.

Today’s schedule includes Turkey’s industrial production at 4:00 PM, Switzerland’s producer import price index at 4:30 PM, and the Eurozone’sIndustrial Production at 19:00, remarks by UK MPC member Haskell at 23:00, the University of Michigan Consumer Sentiment Index (Preliminary) and the JOLTS report at 24:00, and remarks by NY Fed President Williams at 26:10. Looking ahead to the second half of the month starting next week, I intend to carefully monitor how the foreign exchange market moves today.

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