Currency Analysis & Comment

The EUR/USD pushed higher in the first half of Wednesday’s session, boosted by positive signals from the equity markets, as the US dollar eased back against most major currencies.The late...

The dollar strengthened across the board yesterday with no clear catalyst. We suspect that in an environment that keeps pricing large Fed cuts, USD rallies aren’t very sustainable. We’ll...

The dollar is softer and pro-cyclical currencies are following the yuan higher after news that China is preparing a CNY 2tn rescue package for the stock market. The BoJ revised inflation expectations...

ECB convenes this week, expected to maintain the status quo. Likelihood of US interest rate cuts in March diminishes. Bearish outlook targets 1.08 next for EUR/USD. ...

US Dollar Index struggles at 103.4 resistance amid rising bond yields, impacting major currencies and gold. ECB hints at a slower rate cut approach, affecting EUR/USD's weakening trend. USD/JPY rises...

FX markets start the week in a quiet fashion. The highlight this week will be central bank meetings in many parts of the world, including Japan and the eurozone. No major changes are expected in...

A combination of weak China data and a pushback by both ECB and Fed officials against early easing is weighing on risk sentiment and supporting the dollar. It is hard to see that sentiment changing...

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks.But volatility has started to pick up with reduced Fed rate cut bets boosting US...

The Bank of Japan may conclude its ultra-loose monetary policy in the next 2-3 quarters. Deflation is progressing in the Japanese economy. A return above 150 yen per dollar is possible later this...

Investors have cemented Fed easing expectations despite some hotter-than-expected US data. We suspect a market reluctant to price out rate cuts will need strong words from the Fed – perhaps...

Rate expectations were not moved by slightly hotter-than-expected US CPI, and support for the dollar has mostly come through the risk-sentiment channel. Range-bound trading may persist despite...

The US dollar is poised for potential shifts with today's CPI report, impacting major pairs like USD/JPY and USD/CAD Inflation expectations are set relatively high, meaning risks are skewed in favor...

We expect a consensus 0.3% MoM core inflation reading in the US today. We see the rise in the USD/JPY as an indication that fast money is probably positioned for a stronger figure, meaning there are...

The FX market appears in wait-and-see mode ahead of tomorrow’s US CPI. Today, there aren’t key data releases, but we’ll keep an eye on speeches by Fed member John Williams and the...