Currency markets showed selective dollar strength on February 4, 2026, with the greenback gaining against several major and emerging-market currencies. USD/INR rose 0.13% to 90.4680, while USD/JPY advanced to 156.8640 (+0.04%), reflecting steady demand for the US dollar. The US Dollar also strengthened versus the Chinese yuan, with USD/CNY at 6.9464 (+0.08%), and edged higher against the Mexican peso at 17.3297 (+0.11%).
Meanwhile, the euro softened slightly, with EUR/USD slipping 0.09% to 1.1794, while EUR/CHF declined 0.04% to 0.9168, indicating mild pressure on the single currency.
Pound and Commodity Currencies Weaken Against Dollar
The British pound weakened, with GBP/USD falling 0.13% to 1.3632, while GBP/JPY declined 0.11% to 213.8440. Commodity-linked currencies also remained under pressure, as AUD/USD dropped 0.29% to 0.6976 and NZD/USD fell 0.20% to 0.5986, signaling softer risk sentiment in FX markets.
Cross-Currency Moves Remain Limited
Among crosses, EUR/GBP edged up 0.05% to 0.8651, and EUR/CAD rose marginally to 1.6130 (+0.01%), while EUR/SEK remained largely flat at 10.6094. In Asia, USD/SGD climbed 0.06% to 1.2734, and USD/HKD stayed near 7.8096 (−0.02%), reflecting stable regional currency conditions.
Market Tone: Mild Dollar Bid, No Sharp Risk-Off
With most moves contained within narrow ranges, FX markets indicate gradual dollar strength rather than aggressive risk aversion. Traders remain focused on macro signals, rate differentials, and global liquidity conditions for the next directional move in currency markets.
