USD Market Update
24 Jun 2026 • 00:26 GMT
The US dollar remains strong against major currencies, reaching 90-day highs near 0.8788 against the euro, about 2.2% above its three-month average. This boost is mainly driven by increased safe-haven demand amid a risk-averse market tone. Investors are also reacting positively to better-than-expected US PMI data, which indicates resilience in manufacturing and services sectors.
The dollar has also gained against the Japanese yen, hitting 161.6, its highest in three months, and versus the Canadian dollar, where it surged to around 1.4210. These moves reflect investor confidence in potential Federal Reserve rate hikes, with market expectations leaning towards a September increase, reinforcing the dollar’s strength.
While the euro remains pressured and traders watch for upcoming European economic indicators, US gains appear poised to persist if risk aversion continues. Keep an eye on market sentiment, as a shift towards risk appetite could see the dollar lose some of its recent momentum.
📊 Quick forecast view
🔴 Mild downside
0.8630 – 0.8790
🛡️ Safe-haven flows
🟢 Uptrend
