The USD faced significant challenges, suffering its worst weekly decline since May 2025, primarily due to political tensions and market interventions. The DXY Index fell to its lowest close since September, with expectations for the Fed to pause rate cuts at the upcoming FOMC meeting.
The US Dollar is trading lower against its Canadian counterpart, on track for a sixth straight day of selling.
USD/JPY plunges over 300 pips on Friday amid suspected Japan Ministry of Finance (MoF) "rate check", as excessive Yen (JPY) weakness fuels intervention fears. At the time of writing, the pair is trading around 156.18, down nearly 1.40% on the day, sliding to its lowest level since late December.