Forex Focus — Jul 28, 2026, 09:00 UTC

Transcript

The British Pound slid 31 pips against the dollar today. GBP/USD now trades at 1.3300. The Dollar Index maintains its firm stance. DXY strength is driven by persistent risk aversion. Breaking news highlights oil prices tumbling. Hopes for US-Iran de-escalation fuel this drop. This geopolitical shift underpins the dollar's safe-haven appeal. EUR/USD trades at 1.1379, down 10 basis points. The Euro faces headwinds from a relatively dovish ECB. This contrasts with the Fed's persistent hawkish tone. Fed officials reiterated inflation concerns this week. Volatility is elevated across the board. Even major pairs exhibit swings typically seen in exotics. The Bank of Japan remains squarely dovish. This fuels carry trade interest against a strong dollar. For tomorrow, watch EUR/USD support at 1.1350. Resistance sits firmly at 1.1400. USD/JPY finds key support at 163.50. Resistance is near 164.00. Stay nimble in these dynamic markets. This is Forex Focus on rawfin.tv.