All eyes are on whether the rising euro-dollar exchange rate will be affected by the policy rate announcement
17.09.2025
- U.S. FOMC Policy Rate and Statement Announcement
- Canada: BOC Policy Rate and Statement Release
In the U.S. currency market yesterday, the U.S. dollar fell against the euro despite the fact that U.S. August retail sales figures, released yesterday, showed a recovery from the previous month, including the core month-over-month figure. The euro rose against the dollar from 1.1756 to 1.1877. The rise followed the +2σ line of the hourly Bollinger Bands.On the 4-hour chart, the RSI rose from 61 to 82. On the daily chart, the price surged to the +3σ level of the Bollinger Bands, setting a new year-to-date high.
Among European currencies, the pound rose against the U.S. dollar.The GBP/USD pair rose from 1.3594 to 1.3671. An uptrend has emerged along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the RSI has risen to 73 along the +2σ line of the Bollinger Bands, and on the daily chart, the pair has hit a new high for the month. Both the highs and lows have been rising.
Today’s schedule includes Japan’s trade balance (customs-based) at 8:50, Australia’s Westpac Leading Index at 9:30, the UK’s Consumer Price Index and Retail Price Index at 15:00, remarks by ECB President Lagarde at 16:30, and at 18:00, theConsumer Price Index, at 20:00 the U.S. MBA Mortgage Applications Index, at 21:30 Canada’s Government Bond Turnover and U.S. Housing Starts, at 22:45 Canada’s BOC policy rate and statement, at 23:30 U.S. weekly crude oil inventories,Canada: BOC Governor McClem press conference; 27:00: U.S. FOMC policy rate and statement release; 27:30: U.S. Federal Reserve Chair Powell remarks. We will be closely watching to see if the rising EUR/USD exchange rate will shift following the policy rate announcement.
Author: Keisuke Sakurai
