The dollar rose against nearly all G10 currencies on Thursday, lifting its strength gauge for a third straight day; the spot dollar index gained 0.2% to an 18-month high. According to Sina Finance, BBVA’s global head of FX and Latin America strategy, Alejandro Cuadrado, described the move as a tentative test of key levels and the complex coordination of Japan’s fiscal, monetary and foreign-exchange policies, adding that the market had temporarily pulled back but could test again soon.
The yen briefly weakened to 160 per dollar for the first time since September, renewing market concerns about possible intervention by Japanese authorities, before quickly strengthening. USD/JPY rose as much as 0.2% to 160.05, then fell as much as 0.3% to 159.33 and was recently at 159.72. Brent crude also rose.
The Australian dollar fell 0.6% against the U.S. dollar to 0.6806, its lowest since January. The euro dropped 0.4% to $1.1048, extending losses after reaching its lowest level since May 2025 on Wednesday. The pound fell 0.4% to $1.3225.