USD declines to 3-year low
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Daily Currency Update
The US dollar has slumped to a three-year low against a basket of currencies, as investor confidence in US assets continues to erode. Market jitters intensified following a fresh attack by President Trump on Federal Reserve Chair Jerome Powell, renewing pressure on the Fed to slash interest rates. The political interference has further spooked traders, accelerating the dollar’s decline.As a result, the greenback has fallen sharply, hitting its lowest point since March 2022 — a move that’s rippling through global FX markets and driving increased volatility.
Key Movers
Looking ahead, it's shaping up to be a relatively quiet week on both sides of the Atlantic, with no major economic data scheduled, leaving GBP/USD largely at the mercy of technical drivers.That said, one wildcard remains: Donald Trump. His online posts now carry as much market-moving weight as official economic releases, meaning even in a data-light week, volatility could still be just one tweet away.
Expected Ranges
- GBP/USD: 1.3345 - 1.3435 ▲
- GBP/EUR: 1.1605 - 1.1685 ▲
- GBP/AUD: 2.0805 - 2.0895 ▲
- EUR/USD: 1.1465 - 1.1545 ▲