Will the rising U.S. dollar continue to climb? Market participants are keeping a close eye on price movements.
20.02.2026
- University of Michigan Consumer Sentiment Index
- Retail Sales (Canada)
In the U.S. currency market yesterday, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1807 to 1.1741, following 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), which had been acting as support, and on the daily chart, it hit a new low for the month. The candlestick has fallen to just below the 75-period moving average (MA). Furthermore, during today’s Asian trading session, the price continues to test lower levels.
Among European currencies, the pound fell against the U.S. dollar. The GBP/USD pair 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 on the daily chart, the price has fallen for four consecutive days, dropping just below the 200-period SMA. On the weekly chart, the price is seen retracing from the +2σ line of the Bollinger Bands toward the centerline.
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, and France’s Manufacturing/Non-Manufacturing PMI at 17:15, Germany’s Manufacturing/Non-Manufacturing PMI at 17:30, Eurozone Manufacturing/Non-Manufacturing PMI at 18:00, UK Manufacturing/Non-Manufacturing PMI; at 22:30, Canadian Retail Sales and Industrial Product Prices, U.S. Personal Income, and U.S. PCE Deflator; at 23:45, U.S. Manufacturing/Non-Manufacturing PMI; and at 24:00, the U.S. University of Michigan Consumer Sentiment Index.We will be closely monitoring price movements through the weekend to see if the rising U.S. dollar will continue to climb higher.
Author: Keisuke Sakurai
