Attention is focused on whether the U.S. dollar, which weakened following the release of U.S. employment data, will continue to decline

Attention is focused on whether the U.S. dollar, which weakened following the release of U.S. employment data, will continue to decline

08.09.2025

Last weekend, the U.S. dollar hit its lowest point following the release of the U.S. August employment report on the 5th, which showed a significant decline in nonfarm payrolls.The EUR/USD pair rose from 1.1646 to 1.1759. An uptrend has formed along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair rebounded after touching the 200-period simple moving average (SMA) and extended its gains to the +3σ level of the Bollinger Bands, while on the daily chart, it has surpassed last month’s high.

Among European currencies, the Swiss franc was the strongest from European to U.S. trading hours. The CHF/JPY pair rose from 183.965 to 184.731. The 200-period SMA on the hourly chart acted as a support level, causing prices to turn upward.On the 4-hour chart, the pair has found support just below the 10-MA, and the daily chart is showing a similar price movement to the 4-hour chart. Notably, during today’s Asian session, the pair opened with a gap of about 1 yen and has already risen to 185.875.

Today’s economic indicators include Japan’s real GDP, GDP deflator, and balance of payments at 8:50 a.m.; Japan’s Economic Watchers Survey at 2:00 p.m.; Germany’s industrial production and trade balance at 3:00 p.m.; U.S. consumer credit at 10:00 p.m.; and New Zealand’s second-quarter manufacturing activity at 7:45 a.m. the following day.Will the US dollar, which has been weakening since the release of the US jobs report, continue to decline? We will be watching for signs of a clear direction.

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