The dollar stood strong - EBC Daily Snapshot


On Thursday, the dollar stayed strong amid market swings, with rising Treasury yields expected due to a hawkish tone from Fed Chair Powell later.

EBC Forex Snapshot

19 Oct 2023

The dollar held firm on Thursday amid market volatility. Treasury yields continued to rise as the Fed Chair Powell was expected to deliver a hawkish vibe a later today.

The Australian dollar slid after domestic jobs data surprised to the downside. Australia employment rose 6,700 in September, undershooting market forecast for an increase of around 20,000.


The yen hovered around the two-week low close to the psychological 150 mark. The BOJ announced a $2 billion bond buying to tame yields which rose to a fresh decade high on Wednesday.

Citibank vs. HSBC Currency Pair Data Comparison

Citi (as of 9 Oct) HSBC (as of 19 Oct)

support resistance support resistance
EUR/USD 1.0443 1.0834 1.0442 1.0634
GBP/USD 1.2011 1.2308 1.2004 1.2306
USD/CHF 0.8745 0.9338 0.8880 0.9171
AUD/USD 0.6272 0.6522 0.6246 0.6464
USD/CAD 1.3417 1.3805 1.3492 1.3862
USD/JPY 146.00 150.16 148.14 150.93

The green numbers in the table indicate an increase in data, the red numbers indicate a decrease in data, and the black numbers indicate that the data remains unchanged.

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The dollar rose to a five-month high on Tuesday

The dollar rose to a five-month high on Tuesday

The dollar hit a 5-month high on Tuesday as US retail sales surged 0.7% in March, beating economists' 0.4% forecast.

Euro hits biggest drop since September 2022

Euro hits biggest drop since September 2022

Monday saw the dollar stabilize, marking its largest weekly surge since 2022, buoyed by rising Middle East tensions and looming high interest rates.

The euro's recent performance has been sluggish

The euro's recent performance has been sluggish

The dollar rose moderately on Friday as weaker-than-expected March US PPI did not relieve concerns that the Fed will delay loosening this year.