Currency Analysis & Comment

EUR/USD has risen due to escalating US-China trade tensions, despite markets anticipating an ECB rate cut in April. China has announced tariffs on US goods in response to US tariffs, increasing...

The 'sell America' scenario is becoming tangible again, as Treasuries and US equities are under pressure. That can be a very toxic combination for the US dollar. Markets are clearly punishing US...

Franc hits decade highs as risk sentiment deteriorates. Yield spike no longer supporting USD/CHF. .8450 key for next directional move. The Swiss franc’s safe haven status has it knocking on the...

US tariffs hit Japan’s auto sector, weighing on growth. BoJ may pause, but the Fed could cut faster if inflation slows. USD/JPY likely to stay weak, with 140 as key support. Looking for more...

Sentiment is rebounding, perhaps on the view that Trump may focus protectionism on China and speed up trade deals elsewhere. Markets may be erring on the optimistic side though, and we’d be cautious...

10-year futures show a key bearish reversal. USD/JPY prints back-to-back hammers on the daily chart. Risk appetite returns after tariff threat shock. Key support building beneath 145. An epic...

Trump’s tariffs triggered a 3% drop in the dollar, shifting market focus from inflation to growth risks. With rising costs and slowing exports, confidence in the dollar’s global role is fading. As...

With no sign yet of a U-turn from Trump on tariffs, equity markets remain under heavy pressure. For FX, the flight to safety seeks those liquid currencies with large current account surpluses,...

AUD underperforms on Liberation Day as risk sentiment dives. US hits China with additional 34% tariff, overshadowing Australia’s lighter treatment. EUR/AUD breaks out, eyes 1.7800; GBP/AUD nears...

The GBP/USD pair climbed to 1.3064 on Thursday, marking a 2.46% gain over the past four weeks and a 2.87% increase against the US Dollar over the last 12 months. The British pound continues to...

The 2.5% drop in CNH/JPY overnight probably best encapsulates the fallout from Liberation Day. True to his promise, Donald Trump heavily tariffed those countries he felt responsible for the US goods...

Yen surges on risk aversion, collapsing U.S.-Japan rate spreads China’s yuan weakens sharply, USD/CNH breaks key 7.30 level Markets eye Thursday’s PBOC fix for signs of potential yuan...

USD/CHF breaks below 0.8760, now seen as resistance Correlation with U.S. yield spreads near perfect in March quarter RSI and MACD favour further downside Key U.S. payrolls, ISM data could drive the...

High-beta currencies have rallied overnight, perhaps indicating that the US will opt for a flat rate over country-specific tariffs, which could be seen as slightly more lenient. But it’s also been...