All eyes are on whether the US dollar, which has hit a new low, will rebound following remarks by key officials

All eyes are on whether the US dollar, which has hit a new low, will rebound following remarks by key officials

03.06.2025

In the U.S. currency market the previous day, the U.S. dollar was the weakest performer throughout the day.The EUR/USD pair rose from 1.1344 to 1.1448, establishing an uptrend along the 20-period moving average on the hourly chart. On the 4-hour chart, the candlesticks have extended to the +2σ level of the Bollinger Bands, and the daily chart is showing similar price action to the 4-hour chart. We will keep a close eye on whether the US dollar continues to weaken and the euro continues to strengthen, while monitoring comments from key officials.

Among European currencies, the pound fell against the yen for the third consecutive day. The GBP/JPY pair dropped from 193.898 to 192.993. It declined gradually, facing resistance at the 20-period moving average on the hourly chart. On the 4-hour chart, a rebound from last month’s lows is beginning to take shape, while on the daily chart, the 200-period simple moving average is providing support. We will be watching for signs of a potential shift in the pound’s momentum during today’s U.S. trading session.

Today’s schedule includes the release of Australia’s current account balance and RBA meeting minutes at 10:30, a Japanese 10-year bond auction at 12:35, remarks by Bank of Japan Governor Ueda at 16:50, the Eurozone Consumer Price Index and employment statistics at 18:00, South Africa’s real GDP at 18:30,at 11:00 PM, U.S. Manufacturing New Orders, U.S. JOLTS Job Openings, and U.S. Durable Goods Orders; at 10:45 PM, remarks by U.S. Chicago Fed President Goolsbee; and at 2:00 AM, remarks by U.S. Federal Reserve Governor Cook. We will be closely watching for any directional cues to see if the U.S. dollar, which has hit a new low, will recover following these key speeches.

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