As previously expected by market analysts, the US dollar is back on track to weaken since the opening of trading earlier this week.
Last week, the US dollar still showed strengthening after the latest FOMC meeting results saw the first interest rate cut for this year.
However, after the results with a signal for further interest rate cuts in the remaining meetings at the end of 2025, the US dollar was seen strengthening until the end of last week.
Market analysts saw profit-taking activities taking place, and expected the US dollar to decline, which led to a movement pattern at the beginning of this week.
Focusing on Tuesday's trading yesterday, the manufacturing and services sector survey data readings were published for September.
Readings for Germany and the UK declined with a decrease compared to the figures recorded last month.
Meanwhile, for the US (US) PMI reading, the data remained above the 50 point level, indicating that both sectors are still stable.
For the US economy, the next important indicator will be the final reading of second-quarter economic growth on Thursday. The forecast remains unchanged at 3.3%.
At the end of the week, the Federal Reserve's (Fed) favorite inflation indicator, the PCE price index, which measures personal consumption expenditures, will be in focus in the New York session on Friday.
