Currency Analysis & Comment

A better 30-year US Treasury auction and a US Federal holiday could bring some calmer conditions to bond and FX markets today. However, do not expect the US dollar to hand back much of its recent...

The EUR/USD remains under pressure, grappling with a mix of weak Eurozone economic data, China’s economic slowdown, and persistent US Dollar strength. Mid-day trading in London saw the currency pair...

The US dollar is receiving some fresh support from data, particularly from the spike in the ISM services prices paid sub-index in December. Should we see a re-focus of the Fed on inflation concerns,...

Traders should pay close attention as tariffs and trade policies create both risks and opportunities in the forex market. How Tariffs Could Impact Currencies Tariffs are once again dominating...

EUR/USD shows signs of a mild rebound, but the broader downtrend remains intact. Inflation data and Trump’s tariff stance could shift market dynamics this week. Key resistance around 1.0460 will be...

The US dollar is staying a little offered despite Donald Trump rebutting a report that his tariff policies could be more selective. We're also getting closer to some large-scale FX intervention from...

The US dollar could lose some momentum this week as a return of normal market conditions allows for some reconciliation with slightly lower rates. However, the proximity to Trump’s inauguration and...

The first trading day of the year brought fresh pressure on European currencies. There is now a considerable risk premium being built into EUR/USD, and we suspect that both protectionism and the...

The Fed delivered a hawkish cut on Wednesday, signalling only 50bp of easing in 2025 and shifting to a more patient tone on easing. That has led to another US dollar rally, which we see extending...

We expect the Federal Reserve to deliver a consensus 25bp cut on Wednesday, but also to scale back on guidance for rate cuts next year. We think this will allow the US dollar to stay firm into...

The GBP/USD pair has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this...

GBP/USD traders face a critical week as central bank decisions could jolt the pair out of its range. Inflation data and GDP reports add another layer of intrigue, setting the stage for potential...

US Dollar has continued to buck seasonal depreciating trends thanks to a still-high short-term swap rate. We expect a wait-and-see approach today ahead of the last key central bank events of the year...

The Fed’s next move could define the dollar’s path as economic data supports a resilient US economy. Global risks and Trump’s policies may further boost the dollar’s strength in the near...