Attention may turn to the strength and weakness of the U.S. dollar versus European currencies

Attention may turn to the strength and weakness of the U.S. dollar versus European currencies

24.01.2022

Last weekend, the three major U.S. stock indices all fell further, resulting in a market environment characterized by falling stock prices, lower interest rates, and rising oil prices. The yield on the 10-year U.S. Treasury note is in the 1.77% range, while WTI crude oil has reached its highest level since September 2018, rising to $85.80 per barrel.The VIX (Volatility Index) rose to 28.8. The Fear & Greed Index, which measures investor sentiment, fell to 43.

The foreign exchange market opened without a gap. Although stock prices are falling globally, the foreign exchange market remains largely stable, with the stalemate between European currencies and the U.S. dollar continuing. The EUR/USD pair fell slightly to 1.130 before recovering. During today’s Asian trading session, it has been trading within a range of 1.127 to 1.137.We will be watching closely to see if the US Federal Open Market Committee (FOMC) meeting scheduled for the 26th of this week clarifies the direction of the market.

Today, at 5:15 PM, the French Manufacturing/Services PMI; at 5:30 PM, the German Manufacturing/Services PMI; at 6:00 PM, the Eurozone Manufacturing/Services PMI; at 6:30 PM, the UKmanufacturing and services PMIs, the U.S. Chicago Fed National Activity Index at 10:30 PM, the U.S. manufacturing and services PMIs at 11:45 PM, and a U.S. 2-year Treasury auction at 3:00 AM. Since the PMIs for each country are preliminary figures, please be aware of sudden price fluctuations that may occur following the release of the results.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

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

3. 16.04.2026New

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

4. 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

5. 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?

6. 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

7. 10.04.2026

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

8. 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?

9. 08.04.2026

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

10. 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