FX Markets Weekly Wrap Taking stock of the dollar ahead of payrolls The dollar has rebounded a little this week ahead of next week’s crucial US non-farm payrolls report. The incoming data this week has generally supported our view that the US is on track for a soft... 30th August 2024 · 5 mins read
FX Markets Weekly Wrap Powell opens the door to further dollar weakness The dovish speech by Fed Chair Jerome Powell at Jackson Hole and the minutes of the FOMC Meeting in July released on Wednesday have left the greenback lower against all G10 currencies this week. This... 23rd August 2024 · 5 mins read
FX Markets Weekly Wrap Currency calm restored ahead of Jackson Hole The dollar remains on the backfoot as calm has been restored quickly in financial markets, with this week’s key economic data providing renewed support for the “soft landing” scenario. Next week is... 16th August 2024 · 5 mins read
FX Markets Weekly Wrap Is the yen carry trade unwind already over? After a turbulent start to the week, financial markets have stabilised over recent days, with asset prices and risky currencies recovering some of their sharp falls in the wake of the run of poor US... 9th August 2024 · 5 mins read
FX Markets Weekly Wrap Recession fears and the dollar, lessons from 2020 & 2023 Between a dovish message from the FOMC on Wednesday and a shockingly weak non-farm payrolls report today, the dollar is ending a turbulent week on the back foot. US interest rate expectations have... 2nd August 2024 · 5 mins read
FX Markets Weekly Wrap Dollar keeps calm, carry trade unwinds At face value, the US dollar remains in something of a lull: the DXY Index is on track to end the week roughly where it ended the previous two. But that apparent stability belies the significant moves... 26th July 2024 · 6 mins read
FX Markets Weekly Wrap What to make of Trump and the dollar The US dollar has bounced back over the past couple of days as interest rate expectations in the US have rebounded a little and the risk-off shift in equities bled into currency markets. While the... 19th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar down on soft CPI & renewed MoF intervention (?) The US dollar is again ending the week on the backfoot in the wake of yesterday’s softer-than-expected US CPI report and what looks (potentially) like another round of FX intervention from Japan’s... 12th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar down as more cracks emerge in US economy More evidence of softening in the US economy from data releases – notably, the ISM survey data and June’s employment report – weighed on US Treasury yields and left the greenback lower against most... 5th July 2024 · 5 mins read
FX Markets Weekly Wrap Dollar treads water ahead of US non-farm payrolls The US dollar index looks set to end the week broadly unchanged after core PCE came in line with expectations today. Yesterday’s presidential debate in the US also does not seem to have had much... 28th June 2024 · 5 mins read
FX Markets Weekly Wrap Greenback broadly flat as DM easing cycle gathers pace Despite more central bank policy announcements this week, most currencies fluctuated within a tight range and the dollar seems set to end the week broadly flat – boosted a bit by the release of PMI... 21st June 2024 · 5 mins read
FX Markets Weekly Wrap Dollar ends rollercoaster week a touch stronger The US dollar has been taken on a rollercoaster ride this week. The US CPI and PPI reports for May have suggested that price pressures are gradually easing. These somewhat promising data reports have... 14th June 2024 · 5 mins read
FX Markets Weekly Wrap USD bounces back (to unchanged) after payrolls surprise The strong nonfarm payrolls report released earlier today broke the recent streak of downward data surprises out of the US and has renewed strength in the dollar. Even so, the greenback looks set to... 7th June 2024 · 5 mins read
FX Markets Weekly Wrap Dollar again on the backfoot as US inflation eases a touch The US dollar has eased back a bit further against other G10 currencies this week as another round of slightly softer US inflation data dampened the recent rebound in US interest rate expectations. By... 31st May 2024 · 5 mins read
FX Markets Weekly Wrap Dollar consolidates as yields edge higher across the board The dollar looks set to end the week broadly unchanged against most currencies, halting its slide over the past couple of weeks. Bond yields in the US rebounded this week, partly due to the Fed... 24th May 2024 · 5 mins read
FX Markets Weekly Wrap Dollar softens on inflation relief The US dollar has eased back in the wake of somewhat better news on US inflation this week, which has seen US interest rate expectations fall back a bit further. Between this week’s inflation news... 17th May 2024 · 5 mins read
