Attention is focused on the potential for a rebound in the U.S. dollar and the continued rise of the Swiss franc

Attention is focused on the potential for a rebound in the U.S. dollar and the continued rise of the Swiss franc

24.06.2025

In yesterday’s U.S. currency trading, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1454 to 1.1580. On the hourly chart, the price moved from the -2σ to the +2σ Bollinger Band.On the 4-hour chart, the RSI surged from 41 to 66. On the daily chart, the 20-day moving average (MA) acted as a support level, causing a rebound. We will closely monitor whether the US dollar’s upside remains limited and prices continue to fall, or if there is room for a rebound.

Among European currencies, the Swiss franc emerged as the strongest toward the end of U.S. trading hours. The CHF/JPY pair rose from 178.687 to 180.858. An uptrend has formed along the +2σ line of the hourly Bollinger Bands. On the 4-hour chart, the RSI surged to 82. On the daily chart, the upward trend has continued since the start of this month, supported by the 10-day moving average. It will be worth watching whether the Swiss franc can maintain this momentum.

Today’s schedule includes the German IFO Business Climate Index at 5:00 PM, the Canadian Consumer Price Index and U.S. Current Account Balance at 9:30 PM, remarks by ECB President Lagarde and the U.S. Housing Price Index and S&P/Case-Shiller Home Price Index at 10:00 PM, and at 10:35 PM, remarks byRemarks by BOE Deputy Governor Ramsden, at 11:00 PM remarks by Fed Chair Powell, the Richmond Fed Manufacturing Index, and the Conference Board Consumer Confidence Index, at 1:30 AM remarks by NY Fed President Williams, and at 2:00 AM a U.S. 2-year Treasury auction. We will carefully assess whether the Swiss franc’s recent upward momentum can be sustained.

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