Why did the US Dollar weaken at the end of the week?

According to reports from FXStreet and FXEmpire, the US Dollar eased as WTI Crude Oil prices pulled back 2.63% on Friday to end at 91.51. This decline in energy prices coincided with a soft close for US yields, with the 2-year yield dropping 6 basis points to end the week at 4.81%.

How did falling crude oil prices affect forex pairs?

The -4.1% five-day drop in WTI Crude Oil took the edge off the US Dollar, allowing EUR/USD and GBP/USD to post late-week daily gains of 0.09% and 0.2% respectively before the close. However, USD/CAD remained resilient due to its inverse relationship with oil, rising 1.13% over 5 days to close at 1.41397.

Did gold establish a firm floor during this week's trading?

As reported by FXEmpire, gold (XAU/USD) found buyers around the $4,235 support level, finishing the week at 4285.15 despite a five-day decline of -2.13%. A daily close below S1 at 4258.47 would invalidate this support, while reclaiming the daily pivot at 4287.06 could open the way toward R1 at 4319.7.

Forex Market Wrap: Dollar Pullback Eases Pressure

Week wrap Neutral bias Sep 26, 2026, 02:37 UTC

James WhitmoreChief Market Strategist · ForexR analyst

A Friday pullback in WTI crude oil and US Treasury yields allowed EUR/USD, GBP/USD, and Gold to find late-week relief, though dominant daily downtrends remain intact.

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Instrument	Last	Day change	Pivot	Daily trend
EUR/USD	1.13898	+0.09%	1.13892	Down
Gold (XAU/USD)	4,285.15	+0.27%	4,287.06	Mixed
GBP/USD	1.32440	+0.20%	1.32383	Down
Bitcoin (BTC/USD)	83,999.70	+0.12%	84,089.69	Up
USD/JPY	157.259	-0.99%	157.691	Mixed
AUD/USD	0.70217	+0.17%	0.70221	Mixed
USD/CAD	1.41397	+0.04%	1.41394	Up
Ethereum (ETH/USD)	2,693.54	+0.09%	2,689.62	Up
Nasdaq 100 (US100)	30,639.3	+0.66%	30,585.4	Up
WTI Crude Oil (XTI/USD)	91.510	-2.63%	91.937	Mixed
Data as of 2026-09-26 02:34 UTC.

Weekly Overview: Dollar Pulls Back as Oil Slumps

Our weekly forex market wrap reveals a late-week softening in the US Dollar's upward momentum as WTI Crude Oil fell 2.63% on Friday to end at 91.51. This slump in energy markets may have eased upward pressure on US yields. On September 25, 2026, the US 2-year Treasury yield closed at 4.81% (down 6 basis points), while the 10-year yield finished at 5.17% (down 1 basis point). The cooling of yields allowed major currency pairs and gold to mount a modest recovery before the close of Friday's session, despite remaining negative on a 5-day basis.

Instrument	Last Price	5-Day Change	Daily Trend
EUR/USD	1.13898	-0.83%	Down
GBP/USD	1.3244	-1.11%	Down
USD/JPY	157.259	+0.25%	Mixed
USD/CAD	1.41397	+1.13%	Up
Gold (XAU/USD)	4285.15	-2.13%	Mixed
WTI Crude Oil	91.51	-4.1%	Mixed
Bitcoin (BTC/USD)	83999.7	+3.63%	Up

Major Pairs Performance: EUR/USD and GBP/USD Find Relief

EUR/USD finished the week at 1.13898, rising 0.09% on Friday but showing an overall 5-day loss of -0.83%. Both the daily and H4 trends for the pair remain down, and the daily RSI stands in oversold territory at 28.9. In terms of market structure, a push above the daily pivot at 1.13892 would open the way to resistance R1 at 1.14109, whereas a break below support S1 at 1.13681 would invalidate the stabilization. CFTC Commitments of Traders data as of the week to September 22, 2026, shows that speculators added to net short EUR/USD.

GBP/USD ended its final session at 1.3244, up 0.2% on the day but down -1.11% over 5 days. Similar to the euro, both its daily and H4 trends are down, with the daily RSI at 29.1. Traders using a pivot point calculator can identify the daily pivot at 1.32383 as a near-term inflection point, where a break higher exposes R1 at 1.32686, while a move below S1 at 1.32137 would signal further bearish continuation. Speculators also added to net short GBP/USD in the week ending September 22, 2026.

Commodity Dynamics: USD/CAD and Crude Volatility

USD/CAD ended its last trading session at 1.41397, up 0.04% on Friday and gaining 1.13% over 5 days. The pair is supported by bullish momentum, with both daily and H4 trends currently up and the daily RSI at an overbought 72.3. A sustained rally above resistance R1 at 1.41538 would signal further upside, while a break below the daily pivot at 1.41394 and S1 at 1.41252 would shift the near-term bias. CFTC data as of September 22, 2026, shows that speculators added to net long USD/CAD. This strength occurred alongside a weekly drop in WTI Crude Oil, which declined -4.1% over the past 5 days to close at 91.51 after hitting a daily low of 90.521.

Safe Havens and Metals: Gold and Yen Find Support

Gold (XAU/USD) closed Friday at 4285.15, posting a daily gain of 0.27% but dropping -2.13% over 5 days. The daily trend is mixed, while the H4 trend is down, and the daily RSI sits at 45.2. According to reports from FXEmpire and Forexcom, buyers returned as support around $4,235 held, and conversations continue regarding gold's resilience against yields. Climbing above the daily pivot at 4287.06 could open the way to R1 at 4319.7, while breaking below S1 at 4258.47 would signal further weakness. CFTC positioning as of September 22, 2026, showed speculators reduced net long Gold (XAU/USD).

USD/JPY experienced a more pronounced daily move, falling -0.99% on Friday to end at 157.259, leaving its 5-day change at 0.25%. Both daily and H4 trends are mixed, and the daily RSI is neutral at 50. A push below S1 at 156.485 would highlight yen strength, while clearing the pivot at 157.691 exposes R1 at 158.465. Speculators reduced net short USD/JPY as of the week to September 22, 2026.

Key Themes to Watch in the Coming Week

As the market remains closed, we can prepare for high-impact events scheduled on the economic calendar. Tomorrow (Sunday, September 27), the Bank of Japan releases its Monetary Policy Meeting Minutes at 23:50 UTC. On Monday, September 28, Bank of England's Ramsden is scheduled to speak at 10:00 UTC, which could trigger volatility in GBP pairs. Utilizing tools like the live currency strength meter can help traders track how these scheduled releases alter momentum across major currencies.