Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- 【XM Market Review】--EUR/USD Forecast: Continues to Rally After Trump Comments
- 【XM Decision Analysis】--USD/ILS Analysis: Near-Term Support Being Challenged Ear
- 【XM Decision Analysis】--USD/PHP Forex Signal: Faces Resistance at 59 PHP
- 【XM Forex】--Pairs in Focus - Silver, Gold, GBP/USD, EUR/USD, NASDAQ 100, USD/CHF
- 【XM Market Analysis】--EUR/USD Forex Signal: Euro Crashes Amid US and EU Divergen
market analysis
US dollar approaches $98, Treasury Secretary says Powell should send a signal of a sharp cut
Wonderful introduction:
A clean and honest man is the happiness of honest people, a prosperous business is the happiness of businessmen, a punishment of evil and traitors is the happiness of chivalrous men, a good character and academic performance is the happiness of students, aiding the poor and helping the poor is the happiness of good people, and planting in spring and harvesting in autumn is the happiness of farmers.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: The US dollar is approaching $98, and the US Treasury Secretary said that Powell should send a signal of a significant rate cut." Hope it will be helpful to you! The original content is as follows:
On September 25, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered at 97.77. On Wednesday, the US dollar index continued to rise during the day and approached the $98 mark for a time, but failed to break above it and finally closed up 0.66% to 97.86. The benchmark 10-year U.S. Treasury yield closed at 4.152%, while the 2-year U.S. Treasury yield, which is sensitive to Fed policy interest rates, closed at 3.612%. As the dollar strengthened, spot gold fell from its historical high and fell to a low of $3717.52 intraday, falling $60 from the day high, but then recovered some of the lost ground and finally closed down 0.75% to close at $3735.89/ounce; spot silver closed down 0.3% to $43.89/ounce. Due to the unexpected decline in US crude oil inventories last week, and the market's concerns about tightening supply increased, the two oils continued to rise, and once rose by more than 2% during the day. WTI crude oil started a rise in the pre-market period and once approached $65, then fell slightly, finally closing up 1.76% to $64.64 per barrel; Brent crude oil finally closed up 1.64% to $68.32 per barrel, hitting a new closing high in the past seven weeks.
Analysis of major currencies
Dollar Index: As of press time, the US dollar hovered around 97.77. Federal Reserve Chairman Powell reiterated his cautious stance on further rate cuts, saying policymakers remained concerned about inflation despite weak labor markets. After this statement, the US dollar resumed its uptrend. As traders are waiting for the release of PCE price index data on Friday, if the data performs weakly, it may strengthen market expectations of "two rate cuts this year", thereby curbing the upward momentum of the US dollar index. Technical aspectsOn the top, the most recent resistance level of the US dollar index is in the range of 98.00–98.20. A breakout through this level will push the U.S. dollar index towards resistance at 98.85–99.00.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Thursday, gold hovered around 3741.01. Gold prices fell on Wednesday as the dollar strengthened, falling from a record high set in the previous trading day, while investors were waiting for economic data to be released later this week to find further clues about the Fed's policy path.
2) Analysis of crude oil market trends
On Thursday, crude oil trading around 64.57. Oil prices climbed nearly 2% on Wednesday, reaching a seven-week high, with U.S. crude oil inventories unexpectedly fell last week, and exports from Iraq, Venezuela and Russia were hindered, and market concerns about tighter supply increased.
Forex market trading reminder on September 25, 2025
14:00Germany October Gfk Consumer Confidence Index
15:30 Swiss National Bank announced interest rate resolution
18:00UK September CBI retail sales difference
20:20Federal Golsby delivered a speech
20:30Number of initial unemployment claims in the week from the United States to September 20
20:30UK second quarter real GDP annualized quarterly rate final value
20:30UK second quarter real personal consumption expenditure Final value of quarterly rate
20:30 US second quarter core PCE price index annualized quarterly rate
20:30 US August durable goods order monthly rate
21:00 US meeting
21:00 US Federal Reserve Williams delivered a speech at the meeting
21:00 US Central Schmid delivered a speech
22:00 US August total number of existing home sales
22:00 US August annualized Fed Director Bowman delivered a speech on regulatory issues
22:30 US to September 19 EIA natural gas inventory
The next day at 01:00 US Federal ReserveShbah made a speech
Federal Daly made a speech
The above content is about "[XM Foreign Exchange]: The US dollar is approaching $98, and the US Treasury Secretary said that Powell should release a signal of a significant interest rate cut." It was carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
Only the strong know how to fight; the weak are not qualified to fail, but are born to be conquered. Step up to learn the next article!
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here