Forex Focus — Jul 28, 2026, 11:00 UTC

Transcript

GBP/USD dropped 31 pips today, marking significant intraday volatility. The Dollar Index surged, driven by a flight to safety. Broad USD strength dominated the FX landscape. EUR/USD traded at 1.1379, falling 10 pips. This move reflects persistent dollar demand. While exotic pairs showed no extreme moves, GBP/USD's 0.31% decline was notable. The pair now sits at 1.3300. This follows broader market risk aversion. Central bank rhetoric saw no new hawkish pivots. The Federal Reserve maintained its data-dependent stance. The ECB continues to signal potential easing. The Bank of Japan holds its accommodative policy. However, "Oil Prices Extend Decline" could ease global inflation pressure. This may shift future central bank outlooks. For tomorrow, watch EUR/USD support at 1.1350. Resistance stands at 1.1400. USD/JPY finds support at 163.50. Resistance is at 164.00. That's your Forex Focus for today. Stay tuned to rawfin.tv.