FX Markets Weekly Wrap Dollar grinds higher alongside rising equities and UST yields The US dollar’s rebound has gained momentum this week amid hawkish rhetoric from Fed officials and more evidence out of the US – notably retail sales and jobless claims – of continued resilience in... 19th January 2024 · 5 mins read
FX Markets Weekly Wrap The stalemate in currency markets continues After a strong start to the year, the US dollar seems set to end the week broadly unchanged against most currencies, as inflation data releases out of the US this week failed to generate much of a... 12th January 2024 · 5 mins read
FX Markets Weekly Wrap USD strikes back as goldilocks hopes take a hit The dollar’s strong start to 2024 has partly reversed today as the surprisingly weak US ISM non-manufacturing survey has more than offset another robust US non-farm payrolls report. Even so, the... 5th January 2024 · 5 mins read
FX Markets Weekly Wrap One rangebound year in currency markets gives way to another? The final week ahead of the holiday period is drawing to an end with the US dollar somewhat weaker across the board. Unlike last year, the BoJ’s final policy meeting proved a(nother) damp squib, with... 22nd December 2023 · 5 mins read
FX Markets Weekly Wrap Everyone is invited to the rally (except you, dollar) The Fed’s shift away from its “higher for longer” messaging (and European central banks attempts at maintaining a hawkish stance) pushed relative interest rate expectations against the US dollar... 15th December 2023 · 5 mins read
FX Markets Weekly Wrap Dollar bounces back ahead of key central bank week The greenback has rebounded this week on the back of another batch of robust data out of the US economy, including today’s non-farm payrolls report. That stands in sharp contrast to the continued... 8th December 2023 · 6 mins read
FX Markets Weekly Wrap Dollar remains on the backfoot ahead of non-farm payrolls The greenback’s grind lower has continued this week amid falling US Treasury yields and strong appetite for risk. While comments from numerous Fed speakers (including Chair Powell today) continued to... 1st December 2023 · 5 mins read
FX Markets Weekly Wrap Global backdrop proves “just right” for more USD weakness Currencies were no exception to the calm across markets, and the US dollar seems set the end the week a bit lower against most currencies. While “more of the same” downbeat data out of the euro-zone... 24th November 2023 · 5 mins read
FX Markets Weekly Wrap Déjà vu after all for the dollar The dollar is ending the week on the back foot, with the DXY index on track for its worst week since July, after this week’s US CPI print came in softer than expected. That has reinforced the growing... 17th November 2023 · 5 mins read
FX Markets Weekly Wrap Powell closes the door on recent dollar weakness In an otherwise quiet week, the greenback seems set to close higher against most major currencies, reversing much of its decline following the October payrolls data release. We think the dollar’s rise... 10th November 2023 · 5 mins read
FX Markets Weekly Wrap Weak US payrolls finally break the currency stalemate After a remarkably slow October in currency markets – for all the fireworks in bond and equity markets, most major currencies were roughly unchanged on the month – November has started with a bang... 3rd November 2023 · 5 mins read
FX Markets Weekly Wrap Currency markets at a crossroad again ahead of the FOMC Despite another week of broadly dollar-positive news, the greenback has continued to drift sideways – suggesting its rally since July is running out of steam. Even though US Q3 GDP came in at nearly 5... 27th October 2023 · 5 mins read
FX Markets Weekly Wrap Dollar treads water amid growing turbulence Amid the surge in Treasury yields and the fall in global equities, the US dollar seems set (somewhat surprisingly) to end the week broadly unchanged. In our view, the key reason the dollar has failed... 20th October 2023 · 5 mins read
FX Markets Weekly Wrap Hamas-Israel war scrambles the currency outlook again After another topsy-turvy week in financial markets, the dollar appears to be back on the front foot. In part, that probably reflects Thursday’s US CPI print, which came in a touch higher than... 13th October 2023 · 5 mins read
FX Markets Weekly Wrap DXY streak under threat despite strong payrolls Remarkably, the dollar may be about the lose its record streak of weekly gains despite a strong US payrolls report. While the initial reaction to today’s data was another jump in the greenback, it has... 6th October 2023 · 5 mins read
FX Markets Weekly Wrap Dollar rally at risk of reversal as tailwinds fade The week is set to end with the US dollar a bit higher against most currencies and the DXY Index just below fresh year-to-date highs. The dollar’s latest gains coincide with yet another week of rising... 29th September 2023 · 7 mins read
