Attention is turning to the direction of the U.S. dollar, which has been showing resilience

Attention is turning to the direction of the U.S. dollar, which has been showing resilience

25.01.2022

Yesterday, in the U.S. market, the three major stock indices recovered toward the close, resulting in a trading session characterized by flat stock prices, lower interest rates, and higher gold prices. The fear index (VIX) rose rapidly, approaching 30, and currently stands at 29.9. While the cryptocurrency market continued to decline and the overall market trend remained bearish, gold held steady, rising to $1,842.

As of yesterday, the U.S. dollar emerged as the strongest currency in the foreign exchange market. While yen crosses generally declined, the USD/JPY pair held its ground, touching a monthly low of 113.46 before rebounding. It continued to rebound during today’s Asian trading session and is currently trading around 113.80. However, tomorrow’s FOMC meeting will likely provide clues regarding the pace of monetary policy normalization, and the dollar’s direction will gradually become clearer based on the outcome.

Today, at 4:00 p.m. CET, Turkey’s Economic Sentiment Index and Capacity Utilization Rate will be released; at 6:00 p.m., Germany’s IFO Business Climate Index; at 8:00 p.m., the UK’sCBI Business Survey, followed by the U.S. S&P/Case-Shiller Home Price Index at 11:00 PM U.S. time, the U.S. Consumer Confidence Index and the U.S. Richmond Fed Manufacturing Index at 12:00 AM, the U.S. 5-year Treasury auction at 3:00 AM, and New Zealand’s trade balance at 6:45 AM the following day. We will be watching closely to see how the U.S. dollar, which has been holding steady, will move.

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