Risk-off sentiment, higher US PCE inflation, and stronger consumer spending are boosting the dollar.
Despite a disappointing US GDP reading, in the second part of Friday’s session the market sees increasingly less room for Fed rate cuts.
AUDUSD (H1)
Source: xStation5
The Australian dollar, after recent gains and from a relatively elevated level, is among the worst-performing currencies, even though commodity prices should, in theory, support it.
Three Markets to Watch in the Week Ahead (03.04.2026)
Daily Summary: A Lull in the Pre-Holiday Calm
Market wrap ๐US indices in focus amid strong NFP data and $100 oil
BREAKING: NFP payrolls skyrocket ๐ EURUSD back in red ๐