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At close · Wed, Sep 23, 2026
Daily Market Updates.

Forex

Dollar firms as the euro and pound lose ground

The greenback extends its recent run, while the euro and sterling weaken.

Wednesday, September 23, 2026 · Daily Market Updates

The dollar index rises 0.4% to 100.872. Against that backdrop, EUR/USD falls 0.4% to 1.1414, GBP/USD drops 0.7% to 1.3277, and AUD/USD slips 0.7% to 0.7071.

The yen also weakens, with USD/JPY up 0.3% to 157.921. USD/CHF rises 0.3% to 0.8229, USD/CAD gains 0.4% to 1.4089, and USD/MXN climbs 1.2% to 17.43.

Several emerging-market crosses move in different directions. USD/ZAR rises 0.8% to 16.3434, while USD/KRW falls 0.6% to 1364.96 and USD/CNY is nearly flat at 6.6969.

Reuters and FXStreet headlines both point to a hawkish Fed narrative supporting the dollar. FXStreet also cites a stronger U.S. dollar and Fed-rate expectations pressuring gold, silver, and several major currencies.

Further reading

FXStreetSwiss Franc: Range-bound trading outlook against US Dollar – UOB
FXStreetUS Dollar Index: Rally extend to near 101.00 as hawkish Fed narrative takes hold
FXStreetEuro rallies against a weak British Pound as UK business activity disappoints
FXStreetSwedish Krona: Growth and future rate outlook favour SEK – Societe Generale
FXStreetOil: Prices retreat on Saudi exports and US data – ING

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