Forex Focus — Oct 6, 2026, 09:00 UTC

Transcript

The Euro Dollar pair plummeted 36 pips today, closing at 1.1209. This significant move reflects broad dollar strength. The DXY pushed higher, driven by a hawkish Federal Reserve. Breaking news confirms the Fed raised interest rates for the first time in years. This aggressive stance boosts the dollar's carry appeal. EUR/USD now shows a clear downward trend. Immediate support for the pair is at 1.1200. Resistance looms at 1.1250. Among the major pairs, USD/CHF exhibited notable volatility. It climbed 33 pips, trading firmly at 0.8311. This underscores the robust dollar demand across the board. On central bank watch, the Federal Reserve's rate hike dominates discussions. Meanwhile, the European Central Bank provided no new policy statements this week. The Bank of Japan also offered no fresh insights, maintaining its ultra-dovish position. For tomorrow, monitor 1.1200 on EUR/USD closely. Failure there could target 1.1180. Join us next time on Forex Focus, only on rawfin.tv.