Should we watch for the U.S. dollar to test new lows as it hits a new low?

Should we watch for the U.S. dollar to test new lows as it hits a new low?

17.03.2026

In the U.S. currency market yesterday, the U.S. dollar was the weakest currency throughout the day, from the start of Asian trading at the beginning of the week through to the end of U.S. trading hours. The EUR/USD pair rose from 1.1414 to 1.1524, rebounding from the -2σ to +2σ levels of the hourly Bollinger Bands. Similar price action was observed on the 4-hour chart, and on the daily chart, the pair is currently rebounding after breaking below the 200-day EMA support line.

Among European currencies, the Swiss franc has been trading in a narrow range against the yen. The CHF/JPY pair has fluctuated between 201.114 and 202.205. The hourly RSI rebounded after touching the 30 level. On the 4-hour chart, the 200-period SMA is acting as a support level, while on the daily chart, the pair is continuing its uptrend along the 20-period MA and is currently on track to reach a new all-time high. We will be watching closely to see if the Swiss franc rebounds during today’s European trading session.

Today, the RBA policy rate and statement will be released at 12:30 PM; the Japanese Tertiary Industry Activity Index and a press conference by RBA Governor Block will follow at 1:30 PM; Swiss producer import prices will be released at 4:30 PM; Canadian existing home sales at 6:00 PM; and the GermanZEW Economic Sentiment Index, and the Eurozone ZEW Economic Sentiment Index; at 11:00 PM, the U.S. Leading Economic Index and U.S. Existing Home Sales; at 12:15 AM, remarks by German Bundesbank President Nagel; at 2:00 AM, the U.S. 20-year Treasury auction; and at 6:45 AM the following day, New Zealand’s Current Account Balance. We will be watching for further downside pressure on the U.S. dollar, which has reached its weakest level.

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