What happened
At the New York close on Thursday, September 3, the euro rose 0.35% against the dollar to 1.1629, continuing an upward trend, while sterling gained 0.29% to 1.3528.
The dollar weakened 0.67% against the Swiss franc, trading at 0.8074. Among commodity currencies, the Australian dollar rose 0.48%, the New Zealand dollar gained 0.55%, and the Canadian dollar advanced 0.38% against the U.S. dollar.
The Hungarian forint was the strongest mover, with the dollar falling 1.90% against it. The Swedish krona gained 0.98%, the Polish zloty rose 0.56%, and the Norwegian and Danish krones added 0.31% and 0.35%, respectively.
Why it matters
The widespread strength across European and commodity currencies suggests a clear bias toward dollar selling in the session, rather than isolated moves in any single currency pair.
The pronounced gains in risk-sensitive and higher-yielding currencies, such as the Hungarian forint and the Swedish krona, may point to improving investor appetite, while safe-haven currencies like the franc also strengthened, indicating complex flows.
Key facts
EUR/USD gained 0.35% to 1.1629 at Thursday's New York close.
GBP/USD rose 0.29% to 1.3528.
USD/CHF fell 0.67% to 0.8074.
USD/HUF dropped 1.90%, with the forint leading gains.
USD/SEK fell 0.98%, and USD/PLN declined 0.56%.
AUD/USD rose 0.48%, NZD/USD gained 0.55%, and USD/CAD fell 0.38%.
What to watch next
Traders will likely monitor whether the dollar's broad weakness continues in the next session or if profit-taking emerges after the sharp moves.
Movements in the Hungarian forint and other central European currencies could remain in focus given their outsized gains relative to major pairs.