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EnglishپارسیEnglishپارسیThe euro fell 0.3% to $1.1784, while sterling slid 0.3% to $1.3451, as markets weighed the risk of energy-supply disruption in Europe.
In a note, Wells Fargo said the euro is “in a difficult spot,” arguing that Europe’s natural-gas storage refill season is about to begin with record-low gas in storage, forcing the EU to buy large volumes just as prices could spike.
Source: Wells Fargo
The US Dollar Index (DXY) and DXY futures edged about 0.1% lower in Asian trade, even as the greenback was still on track for a ~0.7% gain in February amid safe-haven demand and uncertainty over the interest-rate path.
Current rates (with the moves you cited):
Source: Trading Economics; Yahoo Finance; Investing.com; Wise; Twelve Data; alanchand.com
The South Korean won was largely muted after the Bank of Korea kept rates steady at 2.5% as expected. Elsewhere in Asia FX, the Singapore dollar firmed slightly, the Indian rupee softened marginally, and the Aussie edged higher.
Moves + current levels (spot / indicative):
Source: Investing.com; Yahoo Finance; TradingView
The Chinese yuan strengthened to fresh multi-year highs as traders leaned into expectations of additional policy support ahead of China’s annual parliamentary meeting, the National People’s Congress (NPC).
Why it matters: A firmer yuan into a major policy event often reflects a market view that authorities may lean on growth support, stability measures, or currency-management signals—all of which can spill over into broader Asia FX and risk sentiment.
The U.S. Dollar Index (DXY) eased 0.1% during Asian hours, with U.S. Dollar Index futures also down 0.1%, trading around 97.50.
Why it matters: a softer dollar typically provides a mild tailwind for commodities and risk assets, while FX markets remain highly sensitive to tariffs and rate-path headlines.
The yen slid into focus again, hovering near a two-week low after Japan’s government nominated two academics—seen by markets as strong pro-stimulus voices—to join the Bank of Japan board.
The surprise move was widely read as aligning with Prime Minister Sanae Takaichi’s preference for easy monetary policy, muddying the outlook for further BOJ rate hikes and reviving questions about how quickly Japan can normalize policy.
The currency found some support on Thursday after the Yomiuri newspaper reported BOJ Governor Kazuo Ueda left open the possibility of a near-term rate hike, while hawkish board member Hajime Takata also reiterated the case for gradual tightening.
Source: User-provided update; Yomiuri newspaper report
The U.S. Dollar Index (DXY) edged 0.1% higher after recovering earlier losses and finishing largely flat on Monday—an uptick that typically weighs on bullion by making gold more expensive for non-USD buyers.
Current rates (spot / indicative):
Source: TradingView; Investing.com
The euro rose 0.4% to $1.1820, and sterling gained 0.3% to $1.3516 in Asia, with trading thinned by holidays in parts of the region. The dollar slipped 0.4% to 154.40 yen. In the Pacific, the New Zealand dollar held a touch firmer just below $0.60, while the Aussie dipped slightly, near $0.7070, after the U.S. had previously imposed only a 10% tariff on Australian goods. The Swiss franc jumped, with USD/CHF down as much as 0.5% to around 0.7727.
Current rates (spot / approx):
Source: TradingView;
Asian FX trading stayed relatively contained, with the Indian rupee holding steady while the Singapore dollar and Australian dollar edged stronger against the greenback.
Source: Investing.com; TradingView
The US Dollar Index slipped 0.4% in early Asian trade, with US Dollar Index Futures also down 0.4%, as the greenback eased broadly against key Asian counterparts.
Current levels (spot / indicative):
Source: TradingView; Investing.com
Asian FX weakened as the dollar firmed, with USD/KRW up about 0.6% and USD/INR up about 0.4%, alongside smaller gains in USD/CNH, USD/SGD, and USD/JPY. Live levels (around 09:08 TRT):
Source: Investing.com and Yahoo Finance (live FX pricing).
The U.S. dollar pushed higher, with the U.S. Dollar Index up about 0.7% overnight. Dollar Index futures were last seen trading at 97.65, signaling continued firm demand for USD into the latest session.
Market lens: A stronger dollar can tighten financial conditions at the margin—often pressuring commodities and non-USD assets—while boosting near-term USD carry appeal.
Source: Market pricing (U.S. Dollar Index/DXY futures).