Forex Focus — Jul 17, 2026, 09:00 UTC

Transcript

Crude oil surged over nine percent today, impacting global FX markets. The Dollar Index found a firm bid. USD/JPY climbed a notable 10 pips to 162.33. USD/CHF advanced 18 pips to 0.8083. EUR/USD, however, held its ground at 1.1448, dipping a mere 1 pip. This resilience suggests underlying Euro demand, despite broader dollar strength. Fed Governor Jefferson's comments drove this dollar rally. He reaffirmed the crucial 2% inflation target. Crucially, he warned policy may shift if inflation persists above target. This hawkish rhetoric underpins the dollar's attractive carry advantage. We are seeing increased volatility across commodity-linked pairs. The crude oil surge, fueled by the Hormuz blockade, is a key market mover. Looking ahead, the 1.1448 level for EUR/USD will be pivotal. Watch for a decisive break. USD/JPY sees 162.33 as a key threshold. A move above could signal further dollar strength. Central banks remain the focus. The Fed's commitment to inflation control is clear. That's your Forex Focus on rawfin.tv.