- December 4, 2025
- Posted by: Robert Marshall
- Category: Market News
The entire dollar bloc is unwinding. For the first time in weeks, it’s not just euros rallying.
AUD/USD led the charge, jumping 1.72% to its strongest level in three months as risk appetite returned. Commodity currencies are shaking off months of underperformance and signaling a shift back toward growth-linked assets.
EUR/USD advanced 0.67%, posting seven consecutive daily gains and breaking above intermediate support. The pair is near three-week highs as eurozone activity data improved, underpinning euro positioning heading into year-end.
The US Dollar Index fell 0.55%, marking its tenth straight daily decline, the longest streak since 1971. The greenback has broken key support levels and is testing deeper technical floors.
GBP/USD gained 0.45%, reclaiming technical ground with sterling now targeting higher resistance bands into week-end. USD/CAD fell 1.10%, hitting fresh lows as broad dollar weakness spread across the bloc.
Why this matters: This isn’t just about euro strength, it’s broad dollar fatigue and a return to risk-on positioning. After weeks of safe-haven demand, traders are rotating back into commodity and growth currencies. Technical signals across EUR/USD, AUD/USD, and USD/CAD are all tilting bearish for the USD.
What we’re watching: Whether Friday’s close confirms this new momentum or signals a late-week correction. Current positioning suggests this week is pivotal, holding here likely sets the tone for early 2026.
What’s your read, continued dollar decline or year-end consolidation?
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Volatility creates opportunity, and risk. Don’t let the dollar’s slide catch your bottom line off guard.
Contact us today to discuss how these shifts impact your 2026.
Market snapshot: 0947 EST, December 4, 2025.