Will the U.S. dollar, which has been weakening due to falling long-term interest rates, recover by the end of the month?

Will the U.S. dollar, which has been weakening due to falling long-term interest rates, recover by the end of the month?

30.11.2023

In yesterday’s U.S. currency markets, the U.S. dollar weakened against the Swiss franc after the U.S. third-quarter GDP growth rate, driven by personal consumption, fell to 3.6% from the previous reading of 4.0%. The USD/CHF pair fell for the fourth consecutive day, dropping by just under 70 pips from 0.8783 to 0.8716, hitting a new three-month low.Since there is no support for USD/CHF until this year’s low of 0.8544, traders should be cautious of the possibility of further declines, possibly interspersed with periods of consolidation.

European currencies saw the euro fall slightly against the yen after the Eurozone’s November consumer confidence index, released yesterday, matched the previous month’s reading of -16.9. The euro/yen pair fell from 162.255 to 161.131. On the daily chart, it has formed a double top, with both the low and high points declining.Since EUR/JPY is approaching a break below the 20-day moving average (20MA), which had been acting as support on the daily chart, we should remain vigilant for the possibility of further yen appreciation from the end of this month through early December, potentially causing the euro to weaken against the yen.

Today, at 4:00 PM: German retail sales, Thailand’s current account balance,Turkey’s real GDP, at 4:30 PM Swiss retail sales, at 4:30 PM Thailand’s trade balance, at 4:45 PM France’s consumer price index and producer price index, at 5:00 PM Switzerland’s KOF leading index, at 5:30 PM Hong Kong’s retail sales, at 5:55 PM Germany’s employment statistics, at 7:00 PM the Eurozone’sCPI, 10:30 PM: US Initial Jobless Claims, Canada Real GDP, US PCE Deflator, Eurozone ECB President Lagarde’s remarks, 11:15 PM: US NY Fed President Williams’ remarks, 11:45 PM: US Chicago PMI, and 12:00 AM: US Existing Home Sales.We should keep an eye on the direction of the U.S. dollar, which has been weakening due to falling interest rates, to see if it recovers by the end of the month.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 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

5. 15.04.2026New

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

6. 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

7. 13.04.2026

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

8. 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?

9. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran