US dollar touches May 2025 high before payrolls; Asian FX slides on yield pressure
Dollar index touched May 2025 high ahead of US payrolls; Asian currencies weakened despite robust regional data.
Forex rates at Monday open showed little change from Friday; NZ entered daylight saving time.
The weekend brought no break in the news flow:
Compared to late Friday, there is little movement:
Weekend news coverage will be provided shortly.
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Dollar index touched May 2025 high ahead of US payrolls; Asian currencies weakened despite robust regional data.
US dollar broadly firmer; USD/JPY dropped 50 pips then rallied to finish higher; crude oil rose on geopolitical headlines.
AUDUSD fell to its lowest since early July after breaking below multiple swing areas. Sellers remain in control until key resistance is reclaimed.
Dollar weakness pushed USDJPY and USDCHF below hourly moving averages, while USDCAD's pullback brought its trendline into focus.