# EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Moves Lower Despite Rising Treasury Yields | FXEmpire

> Forex forecasts show the US dollar index moving lower despite rising Treasury yields, as traders cut bets on a more hawkish Federal Reserve. EUR/USD was trying to hold above 1.0850 and GBP/USD was pressing resistance near 1.2650, with USD/JPY heading toward 151.00.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31920-eur-usd-gbp-usd-usd-cad-usd-jpy-forecasts-u-s-dollar-moves-lower-despite-rising
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar makes US-priced commodities cheaper for buyers using other currencies, which can support export demand and prices. This is routine currency technical commentary with a low expected effect on feed markets.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/eur-usd-gbp-usd-usd-cad-usd-jpy-forecasts-u-s-dollar-moves-lower-despite-rising-treasury-yields-1412326

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.