Currency Analysis & Comment

Yen surges on risk aversion, collapsing U.S.-Japan rate spreads China’s yuan weakens sharply, USD/CNH breaks key 7.30 level Markets eye Thursday’s PBOC fix for signs of potential yuan...

USD/CHF breaks below 0.8760, now seen as resistance Correlation with U.S. yield spreads near perfect in March quarter RSI and MACD favour further downside Key U.S. payrolls, ISM data could drive the...

High-beta currencies have rallied overnight, perhaps indicating that the US will opt for a flat rate over country-specific tariffs, which could be seen as slightly more lenient. But it’s also been...

The market focuses on "Liberation Day" while EUR/USD corrects from prior demand. White House tariff announcements have led to market uncertainty and caution. Higher PCE inflation could strengthen...

The US dollar started the week on the front foot thanks to some defensive positioning ahead of tomorrow’s tariff announcement. Barring data disappointment (JOLTS and ISM manufacturing), there is a...

EUR/USD remains tightly correlated with benchmark German bund yields, sitting at a near-perfect 0.95 correlation in March Traders use the euro to express views on European growth after Germany’s...

Yen tracking risk sentiment more than yield spreads. U.S.-Japan rate correlation may strengthen entering April. April 2 tariff announcement screens as a major volatility event. Key U.S. data this...

The US dollar has traded on the soft side ahead of Wednesday's 'liberation day', when universal tariffs are due to be announced by the US. We think some stabilisation in the data is needed for a...

Trump’s 25% auto tariff plan puts pressure on Japan’s exports. USD/JPY at 151.00, a key pivot after breaking trend resistance. The rising wedge hints at a potential downside if the bulls fail to...

EUR/USD remains tightly correlated with benchmark German bund yields, sitting at a near-perfect 0.95 correlation in March. Traders use the euro to express views on European growth after Germany’s...

The euro's next move hinges more on headlines than charts right now. But beneath the noise, Germany's fiscal pivot may be planting long-term bullish roots. Meanwhile, the dollar is tiptoeing through...

FX markets are in a holding pattern ahead of next week's reciprocal tariffs from the US. Some of the recent europhoria is waning, and today sterling may see some downside risks from the Spring...

EUR/USD is on multi-day losing streak amidst uncertainty surrounding new US tariffs, despite positive German data. Mixed US economic data, including declining consumer confidence, added to market...

Norway's surprise spike in core and headline inflation in February suggests Norges Bank may keep rates on hold despite previously signalling that a cut was likely at the 27 March meeting. Market...