Currency Analysis & Comment

Equity markets are back to where they were, and the US dollar is 0.5% softer than when a court ruled the majority of US tariffs illegal on Wednesday evening. An appeals court yesterday intervened in...

The US dollar has jumped in Asia on news that a US court has ruled the majority of President Trump's tariff hikes illegal. We also found the minutes of the 7 May FOMC meeting slightly hawkish and...

The US dollar’s bounce has legs—for now—but resistance is closing in. Trump’s tariff pause lifted risk appetite, but long-term doubts still loom. With DXY facing a key test and critical data ahead,...

The US dollar has had a lift from a rebound in consumer confidence and Trump striking a more conciliatory tone towards the EU. Now that EUR/USD has returned to the 1.130 anchor, the dollar may...

Japan’s inflation and global trade tensions heavily influence the Bank of Japan’s policy decisions. US-Japan trade talks stall over automotive sector; Japan sets aside $6.3 billion for...

Tariff drama left the US dollar weaker in April, and the recent short-lived Trump-EU spat is no exception. With market concerns on the US deficit still playing a role, the downside risks for the...

The British pound has posted gains on Friday. In the European session, GBP/USD is trading at 1.3484, up 0.49% on the day. The pound has gained 1.5% this week and is trading at levels not seen since...

FX markets are settling into calmer conditions ahead of the long weekend in the US and the UK. While G7 finance officials reaffirmed their commitment to free-floating exchange rates at this week's...

House Republicans may have reached some agreement on Trump’s flagship “Big, Beautiful Bill”, which has caused market concern over the deficit and raised downside risks for the US dollar. There are...

Long-end bonds hit as real yields surge Fiscal concerns driving the latest bond selloff Risk sentiment weakening but not yet fully pricing damage AUD under pressure, but other FX setups look...

Pound Hits Highest Level Since Feb. 2022 The British pound posted gains earlier but has failed to consolidate. In the European session, GBP/USD is trading at 1.3395, up 0.03% on the day. The pound...

A quiet data calendar is allowing the US Dollar bearish trend to re-emerge. However, some USD-positive headlines on trade may come out of the ongoing G7 summit in Canada – that is, barring any...

Canada's core inflation hit 13-month highs in April. Odds of a BoC June cut slashed, CAD gains. UK core CPI is also expected to reaccelerate. Central bankers may have won the battle to tame...

Interest rate cut expectations shift from July to September as inflation proves stubborn and uneven. Moody’s downgrade and Trump’s attacks on Powell fuel short-term weakness in the US...