During today's session one can observe a broad dollar weakness. One of the reasons was the alleged intervention of the PBOC, which recently said it will maintain the exchange rate of the yuan at basically stable levels. Also risk sentiment was boosted following the recent US Federal Reserve's comments. Fed governors including Bostic, Brainard, and Bullard continued to play down risks for a sustained inflation overshoot. The dollar index (USDIDX) has been under pressure recently. Looking at the D1 interval, the index is in a downward channel, and today it broke below the February lows. If the negative sentiment prevails, the downward impulse may accelerate towards the January lows at 89.20.
USDIDX, D1 interval. Source: xStation5
Daily Summary: Wall Street Regains Ground; Another Intervention in the Yen Marketâť“
Three Markets to Watch Next Week (July 31, 2026)
Market Wrap: European equities at 3-week highs! Apple dips in US premarket!
Chart of the Day: EURUSD after the Fed meeting. The market scales back rate hike expectations
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ…dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
