Currency Analysis & Comment

It’s been busy in FX markets with surprisingly strong 3Q growth in Europe and an aggressive tax-and-spend budget from the UK Labour government. Eurozone rates and the EUR/USD could stay more...

Growth figures for 3Q are published in the US and eurozone today. German CPI is also expected to have re-accelerated, but the impact on the euro may be limited. In the UK, Chancellor Reeves announces...

The GBP/USD was a touch higher on Tuesday after it managed to rebound on the back of a firmer risk tone on Monday. That followed Israel’s limited response in Iran at the weekend, raising hopes that...

Key U.S. and eurozone data could set the tone for EUR/USD ahead of the election. Fed's rate decision and GDP updates may drive volatility in the currency pair. Traders should brace for big moves, as...

The proximity to the US election can favour more deleveraging in FX, raising risks that less liquid currencies will face the pressure reserved for Trump-risk proxies. The US macro calendar picks up...

It looks like Donald Trump is edging ahead in opinion polls – although the outcome of next week’s election remains a toss-up given the polling margin of error. Financial markets, however, seem to be...

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...

A strong U.S. economy and geopolitical risks are key drivers for the US dollar's current trajectory. Differing central bank approaches globally favor the dollar amid potential trade policy...

USD: Beige Book is probably the biggest threat to the dollar FX markets seem to be positioning for a Trump victory in next month's US presidential election. October seems to have been a good month...

EUR/USD traders await the ECB meeting as the pair hovers near key support levels. Shifting Fed and ECB rate cut expectations continue to drive volatility in the pair. Upcoming U.S. economic data and...

DXY is testing key resistance amid strong economic data and geopolitical tensions. Fed remains cautious on more rate cuts, with upcoming retail sales data possibly swaying sentiment. Meanwhile,...

The big drop in Chinese markets we have seen over the past two sessions has kept the pressure on commodity dollars, although European majors EUR/USD and GBP/USD have been largely unaffected, with the...

Political turmoil in Japan is not conducive to further interest rate hikes, weighing on the yen. Meanwhile, US labor market remains strong, and Fed may be mulling a smaller hike. With this backdrop,...