Market participants are keeping a close eye on the resilience of the U.S. dollar, which has been weakening against the euro

Market participants are keeping a close eye on the resilience of the U.S. dollar, which has been weakening against the euro

26.03.2024

In yesterday’s U.S. currency trading, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.0801 to 1.0842. On the hourly chart, it climbed from just below the 20-period moving average (MA) to just below the 75-period MA. On the 4-hour chart, the EUR/USD rebounded from the -2σ line of the Bollinger Bands to the centerline, and the daily chart shows a similar price movement.As the upward trend continues into today’s Asian session, we will be watching to see if the U.S. dollar weakens during European trading hours.

Among European currencies, the Swiss franc was the weakest during U.S. trading hours. The USD/CHF pair rose from 0.8964 to 0.8999, breaking above the 20-period moving average on the hourly chart.On the 4-hour chart, the upward trend continues, supported by the 75-period moving average, and on the daily chart, an uptrend along the +2σ line of the Bollinger Bands is evident. We will keep a close eye on whether the Swiss franc continues to weaken.

Today’s schedule includes the Australian Westpac Consumer Confidence Index at 8:30, the Japanese Corporate Service Price Index at 8:50, Singapore’s Industrial Production at 14:00, the German GfK Consumer Confidence Survey at 16:00, Hong Kong’s Trade Balance at 17:30, Brazil’s Broad Consumer Price Index at 21:00, U.S. Durable Goods Orders at 21:30,at 10:00 PM the U.S. Housing Price Index, at 10:00 PM the U.S. S&P Case-Shiller Home Price Index, the announcement of Hungary’s policy rate and statement, at 11:00 PM the U.S. Richmond Fed Manufacturing Index and the U.S. Consumer Confidence Index, and at 2:00 AM the U.S. 5-year Treasury auction. We will carefully assess the resilience of the U.S. dollar, which has been weakening against the euro.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 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

4. 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?

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed