USD Faces Tech Sector Volatility Impact on Major Forex Pairs
The US Dollar is experiencing heightened volatility across major currency pairs as technology sector turbulence ripples through forex markets. EUR/USD remains under pressure near 1.0550, while GBP/USD struggles to maintain support above 1.2650. USD/JPY has pulled back from recent highs to 149.80, reflecting risk-off sentiment amid tech stock weakness. The correlation between equity market performance and dollar strength has intensified, with traders monitoring NASDAQ futures for directional cues. USD/CHF holds steady at 0.8850, benefiting from safe-haven flows. Technical indicators suggest the Dollar Index faces resistance at 106.50, with support established at 105.80. The upcoming US tech earnings releases and Federal Reserve officials' speeches this week could amplify currency movements. Traders should prepare for increased volatility, particularly during US market hours when tech sector developments most significantly impact dollar pairs.
Related Symbols:
EURUSD
GBPUSD
USDJPY
USDCHF
This is a summary of the original article by investing.com. To read the complete article, please visit the source website:
Read Full Article at investing.comNews data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
