Will the rising U.S. dollar extend its gains on the back of comments from key figures? All eyes are on price movements during U.S. trading hours.

Will the rising U.S. dollar extend its gains on the back of comments from key figures? 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, 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 the +2σ levels of the hourly Bollinger Bands. On the 4-hour chart, it is attempting to break through the resistance line formed by the 200 EMA, while on the daily chart, the price is rebounding as the 75 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. nonfarm payrolls 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 – Schmidt: Remarks by the President of the Kansas City Fed; 3:20 AM: US – Collins:Boston Fed President remarks, 27:30 US – Hammack: Cleveland Fed President remarks, 29:00 US – Consumer Credit Balance is scheduled. We will be watching price movements during US trading hours to see if the rising US dollar extends its gains on the back of these key figures’ remarks.