All eyes are on whether the U.S. dollar, which has hit a new low, will rebound following remarks by key officials
03.06.2025
- Remarks by Federal Reserve Board Member Cook (U.S.)
- European Employment Statistics
In yesterday’s U.S. currency trading, the U.S. dollar was the weakest 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, candlesticks have extended to the +2σ level of the Bollinger Bands, and the daily chart is showing price action similar to that of the 4-hour chart. We will keep a close eye on whether the U.S. 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 fell from 193.898 to 192.993.It declined gradually while facing resistance at the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, a rebound from last month’s low is beginning to take shape, and on the daily chart, the 200-period simple moving average (SMA) is providing support on the downside. We will be watching for signs of a potential shift in the pound’s momentum during today’s U.S. trading hours.
Today, at 10:30, Australia’s current account balance and RBA meeting minutes will be released; at 12:35, Japan’s 10-year bond auction will take place;at 16:50, remarks by Bank of Japan Governor Ueda; at 18:00, the Eurozone Consumer Price Index and Eurozone employment statistics; at 18:30, South Africa’s real GDP;at 23:00, U.S. new manufacturing orders, U.S. JOLTS job openings, and U.S. durable goods orders; at 22:45, remarks by U.S. Chicago Fed President Goolsbee; and at 26:00, remarks by U.S. Federal Reserve Governor Cook.We will be closely watching to see if the U.S. dollar, which has hit a new low, will recover following these remarks from key officials.
Author: Keisuke Sakurai
