Will the rising U.S. dollar continue to climb? Market participants are keeping a close eye on price movements.

Will the rising U.S. dollar continue to climb? Market participants are keeping a close eye on price movements.

20.02.2026

In yesterday's U.S. currency markets, the U.S. dollar rose against the euro.The EUR/USD pair fell from 1.1807 to 1.1741, forming a downtrend along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price broke below the 200-period simple moving average (SMA) with a real body candle, and on the daily chart, it hit a new low for the month. The candlestick has fallen just below the 75-period MA. Furthermore, it is currently continuing to test lower levels during today’s Asian trading session.

Among European currencies, the pound fell against the U.S. dollar. GBP/USD dropped from 1.3516 to 1.3433. A downtrend has developed along the 20-period moving average on the hourly chart.On the 4-hour chart, the price continues to move along the -2σ line of the Bollinger Bands, while the daily chart shows a fourth consecutive day of decline. The price has fallen just below the 200-day SMA. On the weekly chart, a retracement from the +2σ line of the Bollinger Bands toward the centerline is observed.

Today’s economic indicators include remarks by RBNZ Governor Breman at 8:00, Japan’s national consumer price index at 8:30, UK retail sales and Germany’s producer price index at 16:00, France’s manufacturing and non-manufacturing PMIs at 17:15, Germany’s manufacturing and non-manufacturing PMIs at 17:30, and the Eurozone’s manufacturing andNon-Manufacturing PMI, UK Manufacturing/Non-Manufacturing PMI at 6:30 PM, Canada Retail Sales and Industrial Product Prices, US Personal Income, and US PCE Deflator at 10:30 PM, US Manufacturing/Non-Manufacturing PMI at 11:45 PM, and the University of Michigan Consumer Sentiment Index at midnight.We will be closely monitoring price movements through the weekend to see if the rising U.S. dollar continues to climb higher.

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