FxAnalysis

Explore this week’s key market moves in forex, commodities, and crypto. Top levels to watch in gold, EUR/USD, Bitcoin, and more.

The US Dollar spent the week on the back foot, pulling back from last week’s highs and dragging the US Dollar Index (DXY) down toward the 97.50 area, still moving within the broader consolidation that’s been in place since early August.

The US Dollar (USD) gave back the gains it had built up in the last couple of weeks, sliding noticeably over the past five days. Still, the Greenback kept to its familiar consolidative pattern, hovering near the lower end of this year’s range.

The EUR/USD pair ends the week around the 1.1750 level, having been stuck in a range since early August. Dismissing the peak towards the 2025 high at 1.1918 reached in mid-September, the pair has shown no signs of life.

The Pound Sterling (GBP) recovery from seven-week lows against the US Dollar (USD) lost legs, sending GBP/USD back below the 1.3500 threshold.

Safe-haven flows lifted Gold (XAU/USD) to a new record peak near $3,900 as investors reacted to the shutdown of the United States (US) federal government. Comments from Federal Reserve (Fed) officials and political developments in the US could impact Gold’s valuation in the near term.