Forex Focus — Oct 7, 2026, 09:00 UTC

Transcript

EUR/USD surged 38 pips today, pushing to 1.1252. This move signals broad dollar weakness. The DXY softened, as headlines cite "Fed Rate Hike Expectations Soften." This implies a more dovish Federal Reserve posture. That shifting sentiment underpinned risk appetite. GBP/USD also gained 33 pips, reaching 1.3263. USD/JPY edged up 11 pips to 158.15, highlighting carry trade interest. Some lesser-traded exotic crosses exhibited unusual volatility. Specific local factors drove these significant intraday swings. Central bank commentary remains key. The Fed's future path is now seen as less hawkish. The ECB and BOJ offered no new hawkish surprises. For tomorrow, watch EUR/USD closely. Key resistance looms at 1.1280. Strong support holds firm at 1.1220. For precise analysis and actionable insights, stay locked on rawfin.tv.