Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

09.09.2022

In the previous day’s U.S. currency markets, although Federal Reserve Chair Powell’s remarks yesterday maintained the usual hawkish tone—stating that the Fed would “act decisively until the inflation-fighting mission is complete”—the U.S. dollar weakened after the yield on the 10-year U.S. Treasury note briefly fell to 3.20%.The dollar also fell against the Canadian dollar, with the USD/CAD pair dropping by about 80 pips to a range of 1.3159–1.3076.

Among European currencies, the euro held its ground against the U.S. dollar after the policy rate was raised by 0.75 percentage points to 1.25%. Although it dipped briefly yesterday, it has risen by 140 pips from yesterday’s low of 0.9931 to today’s high of 1.0073. Given that today’s rise during Asian trading hours appears to have completely reversed the downtrend in the euro/dollar pair, we should keep a close eye on the direction of price movements starting next week.

Today’s schedule includes French industrial production and the French manufacturing production index at 15:45 (Asia time); remarks by ECB President Lagarde at 18:30 (Europe time); Canadian employment statistics and the Canadian Q2 capacity utilization rate at 21:30 (U.S. time); and U.S. wholesale inventories (final reading) and remarks by U.S. Federal Reserve Governor Evans at 23:00 (U.S. time).Chicago Fed President Evans, at 25:00, remarks by U.S. Federal Reserve Governor Waller, and remarks by U.S. Kansas City Fed President George. While remaining vigilant for price fluctuations caused by key figures’ remarks during U.S. trading hours, we will focus on the strength of the euro against the U.S. dollar as the pair begins to reverse course.

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?