FX Markets Weekly Wrap Dollar ends the year with a bang; more to come in 2025? The FOMC’s hawkish surprise earlier this week has allowed the dollar to break through the top of its post-2022 range, putting it firmly on the front foot going into 2025. With the BoJ and the BoE both... 20th December 2024 · 6 mins read
FX Markets Weekly Wrap Dollar still going strong as FOMC announcement nears Halfway through the December round of central bank policy announcements the US dollar remains on the front foot, with the DXY index again close to its post-2022 high. Arguably, the dollar’s strength... 13th December 2024 · 6 mins read
FX Markets Weekly Wrap Currency calm continues ahead of key central bank meetings Despite a small rebound in the wake of another solid non-farm payrolls release, the US dollar is broadly unchanged on the week as the recent consolidation phase in currency markets continues. Neither... 6th December 2024 · 5 mins read
FX Markets Weekly Wrap Dollar consolidation for now; yen rally likely to continue The US dollar has finally hit a speedbump this week, with the DXY index registering its first weekly drop since late September. Given the continued resilience of the US economy – we expect next week’s... 29th November 2024 · 6 mins read
FX Markets Weekly Wrap Dollar goes from strength to strength The US dollar has rallied further this week as investors have continued to price in the implications of a second Trump term and digest weak economic data in key trading partners. This rally has taken... 22nd November 2024 · 5 mins read
FX Markets Weekly Wrap Making the dollar great again The US dollar continues to build on its post-election rally, with the DXY index now at its highest level in more than a year. While a period of consolidation looks likely in the near term given the... 15th November 2024 · 6 mins read
FX Markets Weekly Wrap Trump, tariffs, and the dollar While President Trump’s return to the White House and the apparent Republican sweep in Congress made a big splash in currency markets – Wednesday saw the largest single day rise in the DXY index since... 8th November 2024 · 5 mins read
FX Markets Weekly Wrap The calm before the storm for currencies? Currency markets are ending the week broadly unchanged, on net, leaving the US dollar near a three-month high ahead of next week’s pivotal election. With polls continuing to point to a very tight race... 1st November 2024 · 6 mins read
FX Markets Weekly Wrap Dollar still on the front foot as the election(s) draw nearer The US dollar has continued to edge higher this week even in the absence of much economic data, suggesting that the gradual shift in the US election odds in favour of former president Trump continues... 25th October 2024 · 5 mins read
FX Markets Weekly Wrap The election and the dollar The US dollar has made further gains this week as US data continue to come in strong, contrasting favourably with the ECB’s surprisingly dovish policy announcement and softer inflation data in other... 18th October 2024 · 5 mins read
FX Markets Weekly Wrap Dollar stays on the front foot amid mounting uncertainty Another week of upside surprises to US data and hawkish noises from some FOMC members have helped the US dollar build on last week’s rebound. With money markets now shifting towards discounting a... 11th October 2024 · 5 mins read
FX Markets Weekly Wrap Payrolls-driven dollar rebound might set the tone for Q4 The US dollar is on course for its best week in two years and looks to have found a near-term floor after its sharp fall in Q2. Today’s strong non-farm payrolls report (and robust ISM surveys earlier... 4th October 2024 · 5 mins read
FX Markets Weekly Wrap Muted PCE supports our view of an even weaker dollar Today’s release of weaker-than-expected US PCE data for August led investors to revise down slightly their expectations for the fed funds rate, and the DXY index slipped as a result. This, alongside... 27th September 2024 · 5 mins read
FX Markets Weekly Wrap Fed’s 50bp has the dollar down, but not necessarily out The FOMC’s decision to kick off its easing cycle with a bang has boosted risk sentiment – with the S&P 500 surging to a new all-time high – and put the US dollar on the backfoot again. However, the US... 20th September 2024 · 5 mins read
FX Markets Weekly Wrap Struggling dollar may be due a break The US dollar is ending the week on the back foot against most currencies amid mounting expectation for a 50bp cut by the Fed next week. That comes in the wake of two seemingly coordinated pieces in... 13th September 2024 · 5 mins read
FX Markets Weekly Wrap Dollar finding a floor post payrolls A week of decidedly mixed economic data has seen the tone shift towards risk-off across financial markets, with safe haven currencies on the front foot and the US dollar staging a bit of a recovery in... 6th September 2024 · 6 mins read
