17:28 - 5.08.2026

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August 5, Fineko/abc.az. An increase in risk appetite and lower oil prices usually weaken the US dollar, but uncertainty around Fed's monetary policy continues to support the currency. 

According to ING currency strategist Chris Turner, despite the fall in the price of Brent crude oil below $80 per barrel, the DXY dollar index continues to trade around 100 points. The expert explains this by the continuing fears of the market that the Fed may raise interest rates at the September 16 meeting. 

Despite the positive macro statistics from the Eurozone, growth of the EUR/USD pair is being held back by the drought in Europe and the logistical difficulties of river transport. The data on US employment and ISM index remain the main focus for market participants this week.