📊 Forex Market News – August 6, 2025

🔺 USD Strengthens as Fed Maintains Hawkish Stance

The US Dollar surged today after the Federal Reserve signaled it may continue its restrictive monetary policy through Q4 2025. Chairman Jerome Powell reiterated the Fed’s commitment to controlling inflation, stating, "We are not declaring victory yet."

💱 EUR/USD dropped below 1.0800, its lowest in 3 months, while GBP/USD also slipped toward 1.2700, reacting to weaker-than-expected services PMI data from the UK.

🛢️ Safe-haven demand boosted JPY, while commodity-linked currencies like AUD and CAD remain under pressure due to global growth concerns.

📉 Volatility is expected ahead of Friday’s US Non-Farm Payroll (NFP) report. #Binance