US Dollar Weekly Forecast: The Good, the Bad and the Ugly
Another apathetic week saw the US Dollar (USD) retreat modestly, although not by much.

Another apathetic week saw the US Dollar (USD) retreat modestly, although not by much.
The British Pound (GBP) reversed course and posted a weekly loss against the US Dollar (USD), with 1.3500 remaining a tough nut to crack for buyers.
Gold (XAU/USD) dropped to its lowest level in two months but managed to erase a large portion of its weekly losses.
The USD/JPY exchange rate at 160 represents the most dangerous level in the foreign exchange market, serving as a critical political and economic threshold where Japanese authorities have repeatedly stepped in to halt the currency’s decline.
Gold is struggling to extend the previous rebound from two-month lows of $4,367 early Friday, challenging offers once again above $4,500, while on track to book another weekly loss.
The US Dollar (USD) changed course early in the American session on Thursday after reaching a fresh multi-week high. The USD index (DXY) briefly traded above 99.50 at the start of the day and is now struggling to hold the 99 mark amid a drastic shift in market sentiment.