USD Market Update
28 Mar 2026 • 01:08 GMT
The US dollar has been relatively firm recently, supported by a cautious market mood and safe-haven flows. Against the euro, the USD is trading at about 0.8662, which is 1.4% above its three-month average, showing some recent strength but within a stable range. The dollar's gains are also evident against other major currencies like the Japanese yen, where USD/JPY is near 160.3, the highest in 90 days, and against the Canadian dollar at around 1.39, near 60-day highs.
Market sentiment has been influenced by rising US inflation expectations, with the OECD estimating inflation at 4.2% this year, likely preventing the Federal Reserve from cutting interest rates anytime soon. Comments from Fed policymakers are awaited, which could further shape USD direction. Meanwhile, the euro has shown some softness, although hawkish hints from ECB officials keep an eye on potential rate hikes.
Overall, the dollar remains supported amid global uncertainties, but expectations of easing U.S. policy and ongoing US economic data will be key to watch in the coming sessions.
📊 Quick forecast view
🔴 Mild downside
0.8610 – 0.8760
🌍 Global risk sentiment
⚪ Range-bound
