Currency Analysis & Comment

The euro soared above 1.19 on the back of the European Central Bank’s monetary policy announcement. The ECB was less dovish than anticipated but the single currency failed to hold onto its...

The European Central Bank’s monetary policy announcement is the most important event risk this week. Based on the persistent weakness of the euro, investors are bracing for ECB dovishness....

With less than 24 hours to go before the next U.S. jobs report, it was finally time for investors to take profits on overstretched equity positions. The fragile U.S. recovery fails to justify...

The record-breaking moves in the S&P 500 has drawn investors into U.S. assets and, in turn, the U.S. dollar. The greenback extended its gains against all of the major currencies on Wednesday,...

At the start of the New York trading session, EUR/USD raced above 1.20, but this psychologically significant level was rejected quickly and aggressively. The reversal is no surprise given this...

For forex traders, Thursday’s Jackson Hole speech by Federal Reserve Chairman Jay Powell is the most important event risk this week. Despite a continued rise in U.S. yields, investors sold...

It is the last week of August, and during this time of the year the markets are normally very quiet. Most people are off enjoying the final bits of summer and spending time with their families...

For the greenback, Friday’s U.S. retail sales and University of Michigan consumer sentiment index are the most important economic reports on this week’s calendar. Investors have been...

This new trading week kicked off with fresh gains for equities but a rally in stocks failed to translate into strength for currencies. The Dow Jones Industrial Average moved higher for the...

Tomorrow is a big day for currencies, equities and Treasuries. It's Congress’ self-imposed deadline for a stimulus package and the scheduled release of nonfarm payrolls. Based on the...

The U.S. dollar traded lower against all of the major currencies Wednesday, a sign that FX traders are worried about Friday’s nonfarm payrolls report. With ADP reporting significantly...

The U.S. dollar resumed its slide on Tuesday in what may turn out to be a very short-lived recovery. There were no U.S. economic reports on the calendar, but 10-year Treasury yields resumed their...

After falling sharply in the month of July, the U.S. dollar kicked off the new month with a nice broad-based rally. The greenback traded higher against all of the major currencies despite mixed...

July was a very difficult month for the U.S. dollar. The greenback sold off sharply against all of the major currencies, hitting multi-month or multi-year lows in the process. In one month, it...