#forex-market

#forex-market

The Dollar Index declined due to holiday-related trading volume reduction but remains close to a two-year high.

The GBP/USD pair's decline reflects the British pound's weakness due to U.S. dollar strength bolstered by strong economic data.

The GBP/USD has slightly risen after a three-day decline but faces volatility due to upcoming monetary policy announcements from the Federal Reserve and Bank of England.

The USD/JPY pair is declining due to a weakening US dollar and strengthening Japanese yen, primarily influenced by market expectations of a potential Fed interest rate cut.

The sharp decline in the USD/JPY is driven by disappointing U.S. job data and anticipation of interest rate cuts by the Federal Reserve.

The yen's appreciation against the dollar is influenced by potential rate cuts from the U.S. Federal Reserve.

Market anticipates BoE maintaining rates at 5.25%, highest since 2008.