US dollar Market Update, Chart & History

USD Market Update

29 Apr 2026 • 00:27 GMT

The US dollar remains under support amid ongoing geopolitical tensions in the Middle East, with concerns over Iran and the Strait of Hormuz boosting USD strength. Recent US economic data has also been solid, further backing the greenback. Against the euro, the USD trades slightly below its three-month average at 0.8534, with the pair holding within a narrow range. The dollar has also maintained its position near recent highs against the Swiss franc at 0.7892, signalling steady USD demand.

Conversely, the USD has weakened slightly against the Australian dollar, trading at around 1.3915, near its 90-day lows. This softening reflects a cautious investor outlook amid mixed global risks. Meanwhile, the USD remains stable against the Canadian dollar close to 1.3681, with limited volatility in recent sessions.

Investors continue to watch geopolitical developments and upcoming central bank decisions, especially from the Federal Reserve and ECB, as they could influence dollar movements further. Overall, the USD's strength is supported by geopolitical tensions and economic resilience, but the market remains sensitive to shifts in risk sentiment and policy signals.

📊 Quick forecast view

Near-term bias: 🔴 Mild downside

Expected range: N/A

Dominant driver: 🌍 Global risk sentiment

3-month trend: 🟠 Range-bound, downside bias

USD/EUR Forecasts

USD/EUR Rates

US Dollar Index - USD/X Trend

The U.S. Dollar Index at 98.59 is near its 3-month average, having traded in a quite stable 4.5% range from 96.20 to 100.5

28-APR 8PM-NY 29-APR 1AM-LON 8AM-HK 10AM-SYD

1 USD = X

1d+0.1%▲

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