USD Market Update
23 Jun 2026 • 00:25 GMT
The US dollar has gained strength against several major currencies recently. It hit 90-day highs near 0.8752 against the euro, which is about 1.8% above its three-month average of 0.8598. This recent rally reflects ongoing concerns over energy disruptions and the market's expectation that the Federal Reserve will keep interest rates higher for longer, boosting demand for the dollar.
Against the Japanese yen, the dollar also reached 161.6, its highest in 90 days and around 1.4% above the 3-month average. The pair remains sensitive to potential intervention by the Bank of Japan, which could add volatility. Meanwhile, the dollar strengthened against the Canadian dollar to 1.4165, a 2.4% increase over its average, boosted by optimism over US economic resilience and geopolitical tensions in energy markets.
These elevated USD levels follow a period of stability but are likely to be influenced further by upcoming US economic data and Fed policy signals. While the dollar's strength persists, markets are monitoring for any signs of a shift that could lead to a pause or reversal in these gains.
📊 Quick forecast view
🔴 Mild downside
0.8600 – 0.8750
🌍 Global risk sentiment
🟢 Uptrend
