The US dollar has experienced notable fluctuations in recent days, initially showing a strong rebound against several major currencies including the Swiss franc, Danish krone, euro, and Japanese yen, which were previously overbought. Overnight volatility in global foreign exchange markets highlighted significant movements in currency pairs such as EUR/AUD, USD/INR, USD/AUD, AUD/NZD, and USD/ILS. Since early April 23, the US dollar broadly strengthened, with the euro, Swiss franc, and Swedish krona depreciating the most against it, while the Chinese yuan (CNH) showed the strongest appreciation against the dollar at 0.093%. Year-to-date performance rankings place the Russian ruble as the top gainer against the US dollar with a 38% increase, followed by the Swiss franc (+9%), Japanese yen (+6%), euro (+5%), and British pound (+3.8%). By April 24, the US dollar weakened broadly from early morning levels, with the Norwegian krone, Swedish krona, and Australian dollar appreciating the most against it. The Norwegian krone was the strongest performer against the dollar on that day, gaining 0.496%, while the Canadian dollar was the weakest, declining by 0.072%. Overall, the US dollar's strength has been uneven across different currencies and time periods, reflecting dynamic shifts in the global foreign exchange market.
$USD has broadly weakened since 5AM this morning, with $NOK, $SEK, and $AUD appreciating the most vs. USD. The $NOK was strongest vs. USD with a 0.496% return, while the $CAD was weakest vs. USD with a -0.072% return. #Forex https://t.co/EX1UkMcv2s
The biggest movers in global FX overnight, based on volatility adjusted returns were #USDNOK, #EURCNH, #KRWJPY, #USDSEK, & #USDHUF. For USD crosses, 8 out of 28 had positive returns. For EUR crosses, 9 out of 13 had positive returns. #Forex https://t.co/tRv2lvsNe7
The latest currency strength chart shows the strongest currencies as JPY, CHF, EUR, NZD, AUD, CAD, GBP, USD, with the weakest being undisclosed.