Should we keep a close eye on currency strength on the last day of the quarter?

Should we keep a close eye on currency strength on the last day of the quarter?

30.09.2022

In yesterday’s U.S. currency trading, the dollar faced resistance due to a slight dip in the 10-year Treasury yield, causing it to decline against the euro. The EUR/USD pair rose by just under 200 pips, from 0.9634 to 0.9816. It is currently trading just below the 75-period moving average on the 4-hour chart.Yesterday’s U.S. initial jobless claims came in at 213,000, matching market expectations, but this did not provide sufficient support for the U.S. dollar. We will closely monitor price movements during U.S. trading hours today.

European currencies rose as expectations grew for a significant rate hike at the next ECB meeting, following the release of Germany’s September consumer price index yesterday, which surged 10.0% year-on-year, signaling rapid inflation. The euro strengthened against the yen.The EUR/JPY pair rose by approximately 240 pips, climbing from 139.401 to 141.723. It showed a strong upward move after breaking above the daily 20-day moving average. However, since the EUR/JPY is currently in a range-bound market lacking clear direction on the daily chart, traders should remain cautious of random price movements triggered by economic data releases or comments from key figures.

Today’s economic indicators include UK Q2 GDP and Nationwide house prices at 3:00 PM, Swiss retail sales at 3:30 PM, French producer price index at 3:45 PM, Swiss KOF leading index at 4:00 PM, German unemployment rate at 4:55 PM, UK mortgage approvals at 5:30 PM, and at 6:00 PM, the EurozoneCPI, 21:30 US Personal Income and US Core PCE Deflator, 22:00 remarks by Fed Vice Chair Brainard, 23:00 US University of Michigan Consumer Sentiment Index, 24:00 remarks by Fed Governor Bowman, and 29:15 remarks by US Fed President Williams (NY Fed).We will be closely monitoring currency strength on this final day of the quarter.

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?