Currency Analysis & Comment

Monday was a dramatic day for currency traders, when Britain's new Chancellor of the Exchequer, Jeremy Hunt scrapped much of Prime Minister Liz Truss's earlier fiscal measures, explaining that it is...

As markets price the Fed's peak rate almost at 5.0%, US housing data will be watched this week. A housing downturn is likely considered a "necessary evil" now, but the pace of the drop may start to...

USD/JPY rises for 8 consecutive week Yen's weakness persists; returns to pre-intervention levels Watch out for more intervention and/or a sharp move in USD/JPY The USD/JPY has climbed above the...

Eurozone and German inflation hit double digits Stagflation and energy crisis pose great risk to EZ economy Fed continues hawkish rhetoric, keeping dollar supported on dips The EUR/USD is likely to...

In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...

GBP/USD crashed to a record low and then bounced Fears over mismanagement of UK economy high, but will BoE act? Volatility means lots of trading opportunities for short-term speculators The pounding...

Repricing of interest rates has seen US dollar surge CAD victim of drop in risk appetite and oil prices Breakout above key resistance means path to the upside The USD/CAD has finally joined the other...

As the stars aligned, the euro climbed for the fourth day out of five to near a four-week high.Monetary Policy DecisionThe 25 members of the governing council of the European Central Bank (ECB)...

Surging LNG prices, widening interest rate differentials are denting yen  USD/JPY, a measure of dollar strength, is near 32-year highs Nikkei has sharply outperformed other markets  As the...

Inflation in the euro area hit another record. Consumer prices jumped 9.1% annually.The data sparked calls for a hefty interest rate hike. European Central Bank (ECB) Governing Council member Joachim...

The dollar rose for the fourth straight day to a 6-week high against the Swiss franc. The Swissy is also at a four-week low against the euro and the loonie. While the CHF is hovering at a two-month...

The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, EUR/USD is trading at 0.9978, up 0.11%.German Business Confidence DipsIt seems that...

US Dollar could weaken on profit taking in light of poor data   All eyes and ears on Jackson Hole and Powell speech on Friday  Bullish engulfing at prior lows points to at least a short...

The dollar has strengthened materially in 2022 Recently, China’s economy has gone through a significant slowdown This has resulted in the US dollar strengthening against the Chinese yuan The US...