US DOLLAR CONTINUES TO STABILIZE AMID MARKET VOLATILITY
US DOLLAR CONTINUES TO STABILIZE AMID MARKET VOLATILITY
US Dollar Attempts Recovery After Recent Decline
The US dollar has shown signs of stabilization, recovering slightly from a seven-month low against the Japanese yen.
This rebound follows recent US-Japan trade talks that did not address foreign exchange matters, providing some relief to the dollar.
The euro eased to $1.1362 but remains on track for its fourth consecutive weekly rise, despite expectations of a 25-basis-point rate cut by the European Central Bank.
Analysts anticipate the euro could reach around $1.20 within the next 6–12 months, driven by global overexposure to US assets.
USD/JPY Shows Volatility Amid Market Sentiment Shifts
The USD/JPY pair experienced volatility, touching a seven-month low of 141.62 yen before bouncing back to 142.61.
This fluctuation reflects market uncertainty and the impact of recent trade discussions between the US and Japan.
AUD/USD Faces Pressure from Commodity Currency Weakness
The Australian dollar remains under pressure, trading at $0.6343.
This decline is attributed to weaker-than-expected retail sales data and ongoing concerns over potential rate cuts by the Reserve Bank of Australia.
