Will the euro’s rebound against the U.S. dollar continue? Keep an eye on the direction of the market.

Will the euro’s rebound against the U.S. dollar continue? Keep an eye on the direction of the market.

09.07.2025

In yesterday’s U.S. currency markets, the Canadian dollar rose against the yen after the Canadian Ivey Purchasing Managers’ Index for June, released yesterday, improved to 53.3 from 48.9 the previous month. The CAD/JPY pair rose from 106.646 to 107.430, with the rise tracking the 20-period moving average on the hourly chart.On the 4-hour chart, the pair rebounded after finding support at the 20-period moving average, and on the daily chart, it has extended its gains for two consecutive days. The price has risen to the +3σ level of the Bollinger Bands.

European currencies saw the euro rebound against the U.S. dollar after Germany’s May trade balance, released yesterday, improved to €18.4 billion from €14.6 billion the previous month.The EUR/USD pair traded between 1.1681 and 1.1765, fluctuating throughout the session around the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is facing resistance near the 20-MA, while on the daily chart, it is currently rebounding after touching the 10-MA.

Today’s economic indicators include Japan’s money supply at 8:50, the RBNZ’s policy rate decision and statement at 11:00, the BOE’s Financial Stability Report at 18:30, the U.S. MBA Mortgage Applications Index at 20:00, remarks by German Bundesbank President Nagel at 21:15, U.S. wholesale inventories at 23:00,23:30: US Weekly Crude Oil Inventories, 26:00: US 10-Year Treasury Auction, and 27:00: Release of the US FOMC Minutes. We should keep a close eye on the direction of the market to see if the euro’s rebound against the US dollar will continue.

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