Will the rising U.S. dollar extend its gains following remarks by key officials? All eyes are on price movements during U.S. trading hours.

Will the rising U.S. dollar extend its gains following remarks by key officials? All eyes are on price movements during U.S. trading hours.

06.03.2026

In yesterday's U.S. currency trading, the U.S. dollar rose against the Swiss franc.The USD/CHF pair rose from 0.7782 to 0.7837. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the 200-period exponential moving average (EMA) is acting as a support level, driving the price higher. On the daily chart, the price is currently attempting to break above the resistance line just below the 75-period MA. As the pair is testing the upside slightly during today’s Asian session, we will be closely monitoring price movements during the U.S. session.

European currencies rose against the yen as the euro gained ground following yesterday’s release of January retail sales data for the eurozone, which showed a year-over-year increase of 2.0%, up from 1.3% the previous month.The EUR/JPY pair rose from 182.110 to 183.088. It rebounded from the -2σ to +2σ levels on the hourly Bollinger Bands. On the 4-hour chart, it is attempting to break through the resistance line formed by the 200-period EMA, while on the daily chart, the price is rebounding as the 75-period MA acts as a support line.

Today’s schedule includes remarks by U.S. Chicago Fed President Goolsbee at 9:00, German manufacturing orders at 16:00, UK Halifax house prices at 16:00, Eurozone Q4 GDP at 19:00, U.S. employment report and retail sales at 22:30, and the Canadian Ivey PMI and U.S. business inventories at 24:00.12:15 AM: US – Daily: Remarks by the President of the San Francisco Fed; US – Paulson: Remarks by the President of the Philadelphia Fed; 1:30 AM: US – Schmid: Remarks by the President of the Kansas City Fed; 3:20 AM: US – Collins:Remarks by the President of the Federal Reserve Bank of Boston, 27:30: Remarks by Hammack, President of the Federal Reserve Bank of Cleveland, 29:00: U.S. consumer credit balances are scheduled. We will be watching price movements during U.S. trading hours to see if the rising U.S. dollar extends its gains following these key speeches.

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