Currency Analysis & Comment

The US dollar is poised for potential shifts with today's CPI report, impacting major pairs like USD/JPY and USD/CAD Inflation expectations are set relatively high, meaning risks are skewed in favor...

We expect a consensus 0.3% MoM core inflation reading in the US today. We see the rise in the USD/JPY as an indication that fast money is probably positioned for a stronger figure, meaning there are...

The FX market appears in wait-and-see mode ahead of tomorrow’s US CPI. Today, there aren’t key data releases, but we’ll keep an eye on speeches by Fed member John Williams and the...

The US dollar is continuing to consolidate after Friday’s mixed data left the probability of a March rate cut above 50%, keeping yields steady around the 4% mark on the 10-year debt.Investors...

Major FX pairs look to have settled into early-year ranges and now await the next big input – Thursday's release of December CPI data for the US. The modest back-up in interest rates this year...

The labor market remains strong despite downward revision in recent months. Disinflation dynamics may decelerate post Thursday's data. Meanwhile, the EUR/USD pair is consolidating in an upward...

The dollar is back around Friday’s open levels against most G10 currencies as markets face contradicting indications from the jobs market and ISM services index. Expect a quiet start to the week...

The soft landing playbook could see a temporary reversal today were the December US jobs report to come in on the strong side. The market seems to have gotten a little ahead of itself in pricing the...

Hawks and doves might both be satisfied with yesterday's Fed minutes. Stressing conditionality seems inconsistent with March cut expectations, but the openness to a QT exit and concerns about the...

The EUR/USD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing a preference for the US dollar ahead of key data releases from the...

The dollar jumped yesterday as investors started to return from the long Christmas break. Markets are unwinding some dovish bets, and questioning stretched equity valuations, ultimately favoring...

The prevailing market consensus points toward lower interest rates in developed countries next year, with both the Federal Reserve (Fed) and the European Central Bank (ECB) anticipated to make rate...

The EUR/USD, while experiencing a somewhat lackluster 2023, is on track to end the year with a modest 2.3% gain. Despite facing headwinds from consistently poor economic data in the Eurozone, the...

The Bank of Japan did not give in to market pressure and kept its dovish guidance intact. However, the wording on the economic and inflation outlook paves the way for a hike in the second quarter in...