Currency Analysis & Comment

Decades ago, a groundbreaking multilateral agreement recalibrated the US dollar, easing trade imbalances and reinvigorating domestic industry. Today, a similarly ambitious proposal draws on both...

The US dollar is weakening due to economic slowdown signs, political uncertainty, and Trump's trade policies. Markets are watching the Fed's interest rate decision, while Germany's stimulus plan...

Risk assets are a little calmer at the start of a new week. US Treasury Secretary Scott Bessent has tried calming some nerves by calling equity corrections healthy. But a combination of US activity...

The big news over the last month has been European leaders embracing fiscal stimulus. The prospect of looser eurozone fiscal policy and relatively tighter ECB policy (we now think the terminal rate...

EUR/USD is drifting lower as the market mulls the whole host of inputs currently in play. The one-month EUR/USD risk reversal, marking the cost of a euro call option over an equivalent put option, is...

Despite a cooler-than-expected US core CPI print yesterday, the US dollar is recovering some ground. The focus now shifts to PPI figures today as well as the discussion within the Senate to approve a...

EUR/USD has surged at a fast pace in the past few days. Concerns about a US recession are rising. The US government's stance on tariffs remains unclear. Get the AI-powered list of stock picks that...

After a week when FX markets were very much dominated by events in Europe, focus this weeks shift to China. Chinese retaliatory trade measures against US agricultural goods have come into effect and...

This week's FX price action has been dominated by two stories: the re-rating of the euro (EUR/USD) on the back of looser fiscal and tighter monetary policy expectations and the weaker US...

The US Dollar Index rallied sharply into inauguration day. Since then, it’s been very weak. Could things get worse for King Dollar? Today, we share a “weekly” chart highlighting a potential topping...

EUR/USD is trading at 1.08 following gargantuan moves in European yields. At the current level, the pair is only 1.2% overvalued in our calculation, and we’d be cautious to pick a top before the ECB...

The euro EUR/USD has surged after European leaders announced big spending plans for defence and infrastructure. This comes at a time when President Trump acknowledges that tariffs are causing a...

The BOJ’s policy shift continues to strengthen the yen, keeping USD/JPY under pressure. Rising Japanese bond yields signal further tightening ahead, reinforcing the bearish outlook. A break below...

Today marks a further large step into Donald Trump's America First Agenda. Substantial tariffs are being imposed on Canada and Mexico. Additional tariffs have gone in on China. Canada and China have...