US Dollar22 Aug 2026
Dollar Under Pressure as GBP/USD Hits 1.36
US debt concerns unsettle markets ahead of a decisive week for inflation, growth and central bank policy
By Prem Raja · 3 min read
US Dollar
US Dollar analysis
Federal Reserve, Treasuries, the DXY and US data — the analysis driving USD direction against G10.
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US Dollar9 Aug 2026
The Dollar Just Got a Warning
US jobs turn negative, inflation takes centre stage and Sterling faces a major test this week.
By Prem Raja · 6 min read
US Dollar7 Jun 2026
Stronger Dollar Returns as Markets Reprice Rate Expectations
Last week brought a significant shift in market sentiment, particularly for the US Dollar.
By Prem Raja · 4 min read
US Dollar3 May 2026
Sterling Rises, Dollar Slips… But This Week Could Change Everything
NFP, UK elections and central bank signals collide as markets shift back to data, with volatility still just one headline away
By Prem Raja · 4 min read
US Dollar22 Feb 2026
Tariffs Are Back. Markets Think It’s Priced In. Are They Right?
Last week ended with renewed tension between the U.S. and Iran, alongside the Supreme Court’s decision on President Trump’s tariff measures. Markets initially liked the ruling. Risk sentiment improved, and the Dollar sof…
By Prem Raja · 2 min read
US Dollar15 Feb 2026
FX Markets on Edge: Dollar Tug-of-War, Fragile Sterling and a Volatile Week Ahead
Subscribe now Welcome to the first edition of my weekly FX and macro market outlook. Each week I’ll break down what’s been moving currencies, what’s driving sentiment across the Pound, Euro and US Dollar, and what to wat…
By Prem Raja · 3 min read
US Dollar15 Feb 2026
Dollar Tug-of-War, Fragile Sterling and a Busy Week Ahead
Markets have been particularly volatile over the past week, with the FX space dominated by a clear tug-of-war between a softer US Dollar, shifting risk sentiment and regional political developments.…
By Prem Raja · 3 min read
US Dollar1 Feb 2026
Sterling Surges, Dollar Stumbles: A Volatile Start to the Month
Last week was one of the most volatile we have seen so far this year, driven largely by sharp and widespread US Dollar weakness. GBP/USD surged from 1.34 to 1.38 in a matter of days before settling…
By Prem Raja · 2 min read
US Dollar25 Jan 2026
Sterling Jumps, Dollar Slips: GBP/USD at September Highs
After an extremely volatile week in the markets, Sterling finished significantly stronger, driven largely by a sharp de-escalation in trade tensions. President Trump reversed proposed tariffs on…
By Prem Raja · 2 min read
US Dollar19 Oct 2025
Weekly Market Outlook: A Ceasefire, a Shutdown, and a Fragile Dollar
After another volatile week in the markets, we ended on a slightly calmer note — at least on the surface. President Trump brokered a temporary ceasefire in the Middle East , easing geopolitical…
By Prem Raja · 3 min read
US Dollar12 Oct 2025
Weekly Market Outlook: Tariff Shock, Dollar Strength, and a Cautious Market Mood
Markets were shaken late on Friday after President Trump announced plans to impose 100% tariffs on Chinese imports , reigniting fears of a global trade war. The move sent shockwaves across asset…
By Prem Raja · 3 min read
US Dollar17 Aug 2025
FX Market Outlook – Sterling Strength, Dollar Weakness, and a Packed Week Ahead
Last week brought plenty of volatility across the markets. The most notable moves were Dollar weakness and Sterling strength, driven by an upside surprise in UK GDP figures, which came in at 0.3%…
By Prem Raja · 3 min read
US Dollar4 Apr 2025
Trump's Global Tariffs: Short- to Mid-Term Impact on the U.S. Economy, Stock Market, and Dollar
On April 2nd, President Trump unveiled sweeping global tariffs, marking one of the most aggressive moves in trade protectionism in decades. The policy includes a blanket 10% tariff on all imports…
By Prem Raja · 4 min read
US Dollar4 Apr 2025
Trump's Global Tariffs: Short- to Mid-Term Impact on the U.S. Economy, Stock Market, and Dollar
On April 2nd, President Trump unveiled sweeping global tariffs, marking one of the most aggressive moves in trade protectionism in decades. The policy includes a blanket 10% tariff on all imports…
By Prem Raja · 4 min read
US Dollar8 Mar 2025
Dollar Weakness Continues Amid Tariff Uncertainty – Key Market Events This Week
The first week of March saw continued weakness in the U.S. Dollar , driven largely by ongoing uncertainty surrounding tariffs and the geopolitical situation in Ukraine . The tariff debate is unlikely…
By Prem Raja · 3 min read
US Dollar9 Feb 2025
Market Outlook: Key Events Driving GBP, USD, and EUR This Week
Last week was a volatile yet relatively predictable one, with markets digesting further tariff announcements from President Trump and the Bank of England’s 25bps interest rate cut . Despite these…
By Prem Raja · 3 min read
US Dollar1 Feb 2025
Trump’s Tariff Shock and This Week’s Key Market Events: What to Watch for GBP, USD, and EUR
Last week was relatively uneventful, with no surprises from the Fed, ECB, or Bank of Canada. But just as markets were settling into a steady rhythm, President Trump shook things up on Friday evening…
By Prem Raja · 3 min read
US Dollar12 Oct 2024
GBP higher against EUR and lower against USD
Hello all! Apologies for the lack of reports over the last few weeks, I have been travelling but back in the UK now and back on the desk- so far we have had a pretty eventful month with escalations…
By Prem Raja · 2 min read
US Dollar3 Dec 2023
Sterling set for another week of gains against the Euro and Dollar.
The last few weeks have been very supportive for Sterling- mainly due to the weakness in the Dollar and the risk on sentiment in the market currently- The FTSE has been on the rise, along with the…
By Prem Raja · 2 min read
US Dollar1 Oct 2023
Sterling ends September lower against Euro and Dollar.
The month ended with GBPEUR at 1.1530 and GBPUSD at 1.22- over all the month of September was not very supportive for the Sterling and we saw a lot of weakness to end the quarter- although we have…
By Prem Raja · 2 min read
US Dollar18 Jun 2023
Pound to Dollar rate pushes past 1.28- highest since 2022.
Sterling exchange rates had a brilliant end to the week with GBPUSD closing at 1.2817 and GBPEUR closing at 1.1716- both very interesting levels for Sterling sellers globally. The main reason for the…
By Prem Raja · 2 min read
US Dollar16 Apr 2023
Dollar regains ground and GBPEUR slips to 1.12.
After a disappointing retail sales release from the U.S on Friday, we saw the markets very quickly jump into positions on the Dollar- GBPUSD fell from 1.25 down to 1.24, EURUSD from 1.10 down to…
By Prem Raja · 2 min read
US Dollar10 Apr 2023
Sterling exchange rates performing well against the Dollar.
Markets have been quiet due to the extended Easter Bank Holiday weekend- but on Friday we did have U.S NFP's release- and though the number was better than expected, the market seems to now be in…
By Prem Raja · 2 min read
US Dollar12 Nov 2022
GBP Gains against Euro and Dollar
Last week took an unexpected turn when U.S CPI came in slightly lower than expected at 6.3% (Expected at 6.5%), we instantly saw the market breathe a big sigh of relief as stocks and risk assets went…
By Prem Raja · 2 min read
US Dollar21 Aug 2022
Pound to Dollar exchange rate falls to 1.18.
It was quite a steady week for Sterling exchange rates with GBPEUR hitting 1.19 on Wednesday, and GBPUSD hitting 1.21 on the same day. The strength in Sterling was very quickly put to bed by Friday…
By Prem Raja · 2 min read
US Dollar17 Jul 2022
Sterling exchange rates lower after USD strength.
Sterling exchange rates had a pretty rough week with GBPEUR falling from 1.19 down to 1.1750 and GBPUSD dropping as low as 1.1770 through the week. The primary reason for these moves was the surge in…
By Prem Raja · 2 min read
US Dollar2 May 2022
Big week ahead for Sterling and Dollar.
It has been an incredibly volatile week- predominantly for GBPUSD and EURUSD pairs, with Cable falling to lows of 1.24 and EURUSD falling to 1.04 following massive Dollar strength. This has now put…
By Prem Raja · 2 min read
US Dollar5 Sept 2021
Pound Sterling rises against Dollar and steadies against Euro.
Towards the end of last week, we saw GBP claw back losses against the U.S Dollar following underwhelming employment figures on Friday. The NFP report came in at 235k which was a huge miss with…
By Prem Raja · 1 min read
US Dollar20 Jun 2021
Dollar emerges as King following Fed meeting.
It was another volatile week following the Fed meeting in the U.S- when Jerome Powell signaled to the market that talks of tapering QE may begin later this year (Expectation is Jackson Hole in…
By Prem Raja · 2 min read
US Dollar21 Mar 2021
Dollar strength dominates FX markets and pushes GBP & EUR lower.
The Dollar was definitely King over the last week- with strength going into the greenback preventing any real meaningful strength into Sterling and Euro. The main topics over the last week was…
By Prem Raja · 2 min read
US Dollar7 Mar 2021
Investors flock to U.S Dollar amid stock market sell-off.
It has been yet another crazy week on the market- after seeing another 5 days of sell-offs on the U.S Stock market, with the selling also hitting assets such as Gold and Bitcoin. Through all of the…
By Prem Raja · 2 min read
US Dollar17 Jan 2021
Sterling ends the week softer against Euro and Dollar.
Sterling exchange rates ended lower against the Euro and Dollar on Friday after a few days of strength against most G10 currencies. The reason for the initial strength last week was the Bank Of…
By Prem Raja · 3 min read
US Dollar25 Oct 2020
Pound-Euro & Pound-Dollar Forecast This Week.
After a much needed week off- I am now back on my desk feeling very refreshed and ready for what the market has in store for us for the rest of 2020. Looking at rates over the last week, it seems the…
By Prem Raja · 3 min read
US Dollar23 Aug 2020
Sterling ends week giving up gains against Euro & U.S Dollar.
Last week was generally a pretty good week for Sterling as we saw some positive data releases which helped push the Pound to Euro rate to 1.1180 on Friday morning, and 1.3250 against the U.S Dollar.…
By Prem Raja · 2 min read
US Dollar2 Aug 2020
Pound to Dollar Exchange Rate Breaches 1.31 level.
It was yet another strong week for GBPUSD as we saw exchange rates fly above the 1.31 handle for the first time since January. Surprisingly enough, this had nothing to do with Sterling Strength, but…
By Prem Raja · 3 min read
US Dollar7 Jun 2020
Sterling grinds higher against U.S Dollar while Euro strengthens.
Over the last week, we had many catalysts we were watching that could affect the market- the first being Brexit negotiations- which by Friday, showed enough signs of continuance to not scare traders…
By Prem Raja · 2 min read
US Dollar1 May 2020
Reasons that may lead to a weaker USD.
It has been another volatile week through to the beginning of May- on my last article on www.thecurrencyblog.com I mentioned GBPUSD being a buy at 1.23- and we saw this play out as we saw GBPUSD hit…
By Prem Raja · 3 min read
US Dollar23 Apr 2020
Kenyan Shilling Update
It has been a turbulent start to the year since WHO declared the Covid-19 outbreak as a pandemic- we have seen the virus spread not just through people, but also through economies. As we are looking…
By Prem Raja · 2 min read
US Dollar19 Apr 2020
Sterling rises against Euro but U.S Dollar is still King.
Sterling exchange rates continued on the upside last week- closing on Friday above 1.15 against the Euro. We have seen Sterling rebound effectively against the lows 4 weeks ago. This is almost a gain…
By Prem Raja · 2 min read
US Dollar28 Mar 2020
Sterling has it's best week against the Dollar since 1985.
Sterling has become a very difficult currency to track- taking very large swings at regular intervals, sometimes, for reasons unknown to anybody. Throughout the last week, Sterling has gained back a…
By Prem Raja · 1 min read
US Dollar8 Mar 2020
Euro strengthens as Sterling & Dollar weaken.
Last week, we saw the Euro become the strongest currency of the week amid coronavirus fears across the globe and fearful markets. The Fed did an emergency interest rate cut (First time this has…
By Prem Raja · 2 min read
US Dollar18 Aug 2019
Sterling exchange rates pull back against Euro & Dollar
After a couple of months of non-stop weakness- we finally had a week of green for the Pound! We ended last week with GBPEUR sitting just above 1.06 following very poor GDP figures and investors…
By Prem Raja · 1 min read
US Dollar8 Jul 2019
GBP remains subdued against Euro & Dollar
Sterling has struggled to find real support against the Euro and Dollar over the last couple of months- it seems that even though the Fed is set to cut interest rates and the EU economy is slowing…
By Prem Raja · 1 min read
US Dollar6 May 2019
Sterling strengthens against Euro and Dollar
After 4 weeks of weakness for the Pound, we finally saw a great move of strength late Friday afternoon after the terrible results for Labour and Conservative after the local elections. The results…
By Prem Raja · 1 min read
US Dollar28 Apr 2019
Sterling & Euro exchange rates weaker as U.S Dollar strengthens.
Over the last week we have seen the Pound weaken (Due to thin liquidity in the markets after the bank holiday) and the U.S Dollar strengthen due to strong data and economic outlook in the U.S. It…
By Prem Raja · 2 min read
US Dollar24 Jan 2018
Sterling Gains Against Dollar & Euro - Will It Last?
Wow what a great week! EURUSD is trading at 1.2420 as I write this, and GBPUSD is currently trading at 1.4140. Sterling and the Euro have been outperforming the U.S Dollar all week, it seems that…
By The Currency Desk · 2 min read
US Dollar13 May 2015
Bank Of England Cuts Growth Forecast For The UK- Dollar Continues To Weaken
Following the UK Election last week, where everyone believed that the UK economy was on the road to recovery, and most Sterling sellers were gifted with amazing exchange rates following the result of…
By Prem Raja · 2 min read
US Dollar27 Apr 2015
Sterling strengthens while Euro & Dollar weaken- But for how long?
On Monday we saw massive weakness in the U.S Dollar and the Euro with exchange rates against Sterling climbing back up- With UK elections round the corner I am sure many of you are wondering how long…
By Prem Raja · 2 min read
US Dollar14 Apr 2015
Canadian Dollar Update
So far in 2015 we have seen massive weakness in the Canadian Dollar- For the Canadian dollar exchange rate complex (CAD) three main drivers will continue to dictate direction: Oil prices; BoC and Fed…
By Prem Raja · 1 min read
US Dollar23 Mar 2015
Euro strengthening and Dollar weakening- What's next?
Today was a very interesting day on the market- We saw the Pound weaken off by over 2 cents against the Euro, first of all this was in anticipation of Mario Draghis speech. During the speech, Draghi…
By Prem Raja · 2 min read
US Dollar2 Nov 2014
Dollar Strength, Sterling Strength & Euro Weakness
Those who have been following my blog will already be in the know about my opinions on the U.S Dollar over the past few months. We saw the GBPUSD exchange rate reach highs of 1.71-1.72 just only a…
By Prem Raja · 3 min read
US Dollar5 Oct 2014
Dollar Strengthening... Is the Pound still on the back foot?
Over the past few weeks we have seen the U.S Dollar gain strength across the board- The GBPUSD price has dropped from 1.72 down to 1.6050 and the EURUSD has dropped from 1.38 Down to 1.25. For…
By Prem Raja · 1 min read
US Dollar25 Jul 2014
Sterling Dollar- Will it go back up?
The pound is set for its longest losing streak versus the dollar since 2010 as even data showing annual growth rising to pre-financial crisis levels couldn’t shift investor perceptions that the…
By Prem Raja · 3 min read
US Dollar20 Apr 2014
GBP/USD Upward Trend Reaches 5 Year Highs (Good news for Dollar buyers!)
BACKGROUND Sterling has been consistently appreciating against the dollar since the three year lows of mid-2013, as macro data continually comes in to the upside of expectations. The rapid apparent…
By Prem Raja · 1 min read
Frequently asked
About US Dollar
What drives the US Dollar?+
The Dollar (DXY) is driven by Federal Reserve policy, US inflation and payrolls, Treasury yields, and global risk sentiment. The Dollar often strengthens during stress ('safe haven bid') and weakens when the Fed turns dovish.
Is the Dollar going up or down?+
USD direction depends on how the Fed's rate path compares with the ECB, BoE and BoJ. A resilient US economy and hawkish Fed typically lift the Dollar; softer data and rate cuts tend to pressure it lower.
What is the DXY?+
The DXY (US Dollar Index) measures the Dollar against a basket of six major currencies — the Euro (~58% weight), Yen, Pound, Canadian Dollar, Swedish Krona and Swiss Franc. It's the headline gauge of broad USD strength.