USD Market Overview
Updated 28 Jul 2026 • 23:45 GMT
Recent commentary highlights fluctuations in the USD driven by geopolitical tensions and energy market dynamics. MUFG Research notes that even after weaker US inflation data last week, the dollar's depreciation was temporary due to rising energy prices. The USD/JPY reached a high of 163.99, reflecting supportive conditions for the USD amidst global developments. Meanwhile, J.P. Morgan maintains a bullish stance on the USD, with support from stable growth and persistent inflation, expecting the dollar to remain strong through the end of the year.
Key watchpoints:
- Impact of geopolitical developments, especially in the Middle East, on the USD.
- Energy price trends and their influence on USD performance.
- Upcoming US economic data, particularly inflation metrics, and potential Fed policy responses.
Recent developments in the AMD (Armenian Dram) currency:
- Central Bank Policy Change: The Central Bank of Armenia has increased its benchmark interest rate by 0.5% to 7.5% to combat rising inflation.
- Economic Growth Forecast: The Armenian government projects a 5% GDP growth for 2025, indicating a stable economic outlook.
- Tourism Boost: Armenia reports a 15% increase in tourist arrivals in the first quarter of 2025, potentially strengthening the AMD.
These factors may influence the AMD's value, affecting travelers, expats, and business owners.