Will the euro, now the strongest currency, continue its upward trend during U.S. trading hours? Market participants are watching closely to see if this momentum will hold.

Will the euro, now the strongest currency, continue its upward trend during U.S. trading hours? Market participants are watching closely to see if this momentum will hold.

04.03.2025

In yesterday’s U.S. currency trading, the U.S. dollar fell against the yen despite the U.S. February PMI Purchasing Managers’ Index recovering from 51.6 to 52.7. Unlike other yen crosses, USD/JPY fell from 151.297 to 149.112. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it.On the 4-hour chart, prices are rebounding from the 75-MA, which is acting as a resistance level, while on the daily chart, prices are falling as they retest the support line of the 200-SMA, which had already been broken.

European currencies surged during U.S. trading hours. The EUR/USD pair rose from 1.0389 to 1.0505. It broke above the resistance line formed by the 200-period simple moving average (SMA) on the hourly chart with a bullish candle. On the 4-hour chart, the pair appears to be rebounding from the 200-period moving average (MA), while on the daily chart, it has been trading within the same price range for approximately 10 business days. We will be watching to see if the euro’s upward trend continues.

Today’s economic indicators include New Zealand housing permits at 6:45, Japan’s employment statistics at 8:30, Japan’s fourth-quarter capital expenditure and monetary base at 8:50, Australia’s current account balance at 9:30,Australian Retail Sales, South Korean Manufacturing PMI, and the release of the RBA minutes; at 14:00, Japan’s Consumer Sentiment Index; at 16:45, France’s Budget Balance; at 18:30, South Africa’s Real GDP; at 19:00, Eurozone Employment Statistics; and at 28:20, remarks by Williams, President of the New York Fed.We will be closely monitoring whether the euro, now the strongest currency, continues to rise during U.S. trading hours.

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