Investors should keep an eye on the weakening U.S. dollar

Investors should keep an eye on the weakening U.S. dollar

02.05.2022

Last weekend, the U.S. dollar experienced a continuous slide from Asian trading hours through U.S. trading hours, with the USD/JPY pair falling from 131.10 to 129.30. The decline continued against the euro as well, with the EUR/USD pair falling from 1.081 to 1.047, hitting a new low for the year. However, the Dollar Index remains at a high level of 103.

European currencies surged against the U.S. dollar, with the pound emerging as the strongest currency. The GBP/USD pair rebounded from 1.245 to 1.261. However, since both the daily and weekly RSI for GBP/USD are below 30, we will need to monitor closely whether this rebound will continue.

Today, at 3:00 p.m. CET, German retail sales will be released,at 16:30 Swiss Manufacturing PMI, at 16:50 French Manufacturing PMI, at 16:55 German Manufacturing PMI, and at 17:00 Eurozone Manufacturing PMI, followed by U.S. Manufacturing PMI at 22:45 U.S. time, U.S. ISM Manufacturing PMI at 23:00, and U.S. Construction Spending.Since the UK markets are closed today and Japan enters another long weekend starting tomorrow, we should remain vigilant regarding price movements ahead of Japan’s holiday break while also keeping an eye on the weakening US dollar.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

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

3. 20.04.2026New

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

4. 17.04.2026New

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

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   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

8. 13.04.2026

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

9. 10.04.2026

   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?

10. 09.04.2026

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