A Week in the Market: US Dollar’s Strength Remains Dominant (4-8 September)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/09/04.09.2023-360×360.png" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: US Dollar’s Strength Remains Dominant (4-8 September)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The strong US dollar continues to exert pressure on major currencies, but this week could see the releases of data that could mitigate this impact.</p>

<h2>USD: strong position</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/usd.jpg" alt="USD: strong position" class="wp-image-5804" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is to release reports on industrial orders, <a href="https://blog.roboforex.com/blog/2021/10/21/trade-balance-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="207" title="Trade balance">trade balance</a> for July, and the services PMI from Markit for August. The USD is still in a strong position due to market doubts about the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> outlook.</p>

<h2>EUR: under pressure</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/07/euro-1200×627.jpg" alt="EUR: under pressure" class="wp-image-4913" srcset="https://blog.roboforex.com/wp-content/uploads/2020/07/euro.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/07/euro-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/07/euro-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Eurozone is set to release information on retail sales for July and revised <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> for Q2 2023. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> currently responds little to reports, as the focus is on future interest rates. The ECB is unlikely to increase the borrowing cost rapidly, which is a factor of pressure on the EUR.</p>

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<h2>China: risk support</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/04/china-1200×627.jpg" alt="China: risk support" class="wp-image-3473" srcset="https://blog.roboforex.com/wp-content/uploads/2020/04/china.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/04/china-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/04/china-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>Why Is It Time to Invest in China? 3 Promising Companies for Investing</figcaption></figure><p>China will publish data on its exports and imports for August, with expectations for some improvement compared to July. The more robust the statistics are, the better it is for risk-related assets.</p>

<h2>JPY: potential support</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/03/jpy-1200×627.jpg" alt="JPY: potential support" class="wp-image-3148" srcset="https://blog.roboforex.com/wp-content/uploads/2020/03/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/03/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/03/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The yen continues to depreciate, but the importance of the upcoming statistics should not be underestimated. Japan will present data on household spending and the services PMI. Strong data can provide support for <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> positions.</p>

<h2>AUD: chance for stabilisation</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/02/aud.jpg" alt="AUD: chance for stabilisation" class="wp-image-6794" srcset="https://blog.roboforex.com/wp-content/uploads/2021/02/aud.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/02/aud-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/02/aud-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia will publish data on GDP for Q2 2023, the consumer spending index, and the AIG Construction Index. Although the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> is still under pressure, it has a chance for stabilisation in case of positive releases.</p>

<p>
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