FX Markets Weekly Wrap Dollar keeps calm, carry trade unwinds At face value, the US dollar remains in something of a lull: the DXY Index is on track to end the week roughly where it ended the previous two. But that apparent stability belies the significant moves... 26th July 2024 · 6 mins read
FX Markets Weekly Wrap What to make of Trump and the dollar The US dollar has bounced back over the past couple of days as interest rate expectations in the US have rebounded a little and the risk-off shift in equities bled into currency markets. While the... 19th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar down on soft CPI & renewed MoF intervention (?) The US dollar is again ending the week on the backfoot in the wake of yesterday’s softer-than-expected US CPI report and what looks (potentially) like another round of FX intervention from Japan’s... 12th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar down as more cracks emerge in US economy More evidence of softening in the US economy from data releases – notably, the ISM survey data and June’s employment report – weighed on US Treasury yields and left the greenback lower against most... 5th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar treads water ahead of US non-farm payrolls The US dollar index looks set to end the week broadly unchanged after core PCE came in line with expectations today. Yesterday’s presidential debate in the US also does not seem to have had much... 28th June 2024 · 5 mins read
FX Markets Weekly Wrap Greenback broadly flat as DM easing cycle gathers pace Despite more central bank policy announcements this week, most currencies fluctuated within a tight range and the dollar seems set to end the week broadly flat – boosted a bit by the release of PMI... 21st June 2024 · 5 mins read
FX Markets Weekly Wrap Dollar ends rollercoaster week a touch stronger The US dollar has been taken on a rollercoaster ride this week. The US CPI and PPI reports for May have suggested that price pressures are gradually easing. These somewhat promising data reports have... 14th June 2024 · 5 mins read
FX Markets Weekly Wrap USD bounces back (to unchanged) after payrolls surprise The strong nonfarm payrolls report released earlier today broke the recent streak of downward data surprises out of the US and has renewed strength in the dollar. Even so, the greenback looks set to... 7th June 2024 · 5 mins read
FX Markets Weekly Wrap Dollar again on the backfoot as US inflation eases a touch The US dollar has eased back a bit further against other G10 currencies this week as another round of slightly softer US inflation data dampened the recent rebound in US interest rate expectations. By... 31st May 2024 · 5 mins read
FX Markets Weekly Wrap Dollar consolidates as yields edge higher across the board The dollar looks set to end the week broadly unchanged against most currencies, halting its slide over the past couple of weeks. Bond yields in the US rebounded this week, partly due to the Fed... 24th May 2024 · 5 mins read
FX Markets Weekly Wrap Dollar softens on inflation relief The US dollar has eased back in the wake of somewhat better news on US inflation this week, which has seen US interest rate expectations fall back a bit further. Between this week’s inflation news... 17th May 2024 · 5 mins read
FX Markets Weekly Wrap FX markets calm (and the yen weak again) ahead of US CPI The US dollar looks set to end the week broadly unchanged against most currencies, with its renewed strength against the yen being the key exception. Next week’s CPI data release out of the US could... 10th May 2024 · 5 mins read
FX Markets Weekly Wrap Dollar softens on Powell & payrolls; MoF goes on the offensive An eventful week in financial markets is ending with the dollar down, but mounting a comeback in the wake of today’s worryingly weak US non-manufacturing ISM survey. Between the earlier softer-than... 3rd May 2024 · 5 mins read
FX Markets Weekly Wrap Japan’s MoF goes MIA as the yen continues to weaken The US dollar is ending the week a touch softer against most currencies despite another set of hotter-than-expected US inflation figures. But the main story in currency markets this week is the... 26th April 2024 · 5 mins read
FX Markets Weekly Wrap Dollar in consolidation mode, despite Middle East escalation Financial markets have largely taken the latest escalation in the Middle East over the past week in stride. Having spiked from $87pb to $90pb on the news of today’s attack, Brent crude oil has now... 19th April 2024 · 6 mins read
FX Markets Weekly Wrap Dollar soars on CPI bombshell; more to come? The US dollar has surged in the wake of another too-hot US CPI print, a dovish ECB and disappointing credit data out of China. The DXY index is now approaching its peak of last autumn (~106 currently... 12th April 2024 · 6 mins read
