The USD has moved steadily higher in trading today as it US traders look to enter the fray. Weaker German IFO business climate data helped to accelerate the EURUSD fall. Below is a look at the data:
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German Ifo Expectations (Sep): 89.7 vs 92 expected (previous 91.6)
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German Ifo Current Conditions (Sep): 85.7 vs 86.5 expected (previous 86.4)
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German Ifo Business Climate (Sep): 87.7 vs 89.3 expected (previous 89)
Looking at the US dollar’s change versus the major currencies shows:
- EUR +0.54%
- JPY +0.59%
- GBP +0.49%
- CHF +0.38%
- CAD +0.27%
- AUD -0.03%
- NZD +0.39%
The AUD is near unchanged bucking the trend of the other major currencies. Australian monthly CPI (August 2025) came in +3%, above July and above expected, and also right at the top of the RBA 2-3% target band
- Expected 2.9%, prior 2.8%
In the video above, I examine three of the major currency pairs—the EURUSD, USDJPY, and GBPUSD — from a technical perspective.
As the US session begins, US yields are marginally higher:
- 2-year yield 3.571%, 0.1 basis point
- 5 year yield 3.680%: +0.3 basis points
- 10 year yield 4.124%: +0.5 basis points
- 30 year yield 4.744% +0.8 basis points
In the premarket for US stocks, the major indices have rebounded after yesterday’s decline took levels will follow all-time high levels:
- Dow industrial average +61 points
- S&P index of 14.23 points
- NASDAQ index 66 points
