FX Markets Weekly Wrap Powell closes the door on recent dollar weakness In an otherwise quiet week, the greenback seems set to close higher against most major currencies, reversing much of its decline following the October payrolls data release. We think the dollar’s rise... 10th November 2023 · 5 mins read
FX Markets Weekly Wrap Weak US payrolls finally break the currency stalemate After a remarkably slow October in currency markets – for all the fireworks in bond and equity markets, most major currencies were roughly unchanged on the month – November has started with a bang... 3rd November 2023 · 5 mins read
FX Markets Weekly Wrap Currency markets at a crossroad again ahead of the FOMC Despite another week of broadly dollar-positive news, the greenback has continued to drift sideways – suggesting its rally since July is running out of steam. Even though US Q3 GDP came in at nearly 5... 27th October 2023 · 5 mins read
FX Markets Weekly Wrap Dollar treads water amid growing turbulence Amid the surge in Treasury yields and the fall in global equities, the US dollar seems set (somewhat surprisingly) to end the week broadly unchanged. In our view, the key reason the dollar has failed... 20th October 2023 · 5 mins read
FX Markets Weekly Wrap Hamas-Israel war scrambles the currency outlook again After another topsy-turvy week in financial markets, the dollar appears to be back on the front foot. In part, that probably reflects Thursday’s US CPI print, which came in a touch higher than... 13th October 2023 · 5 mins read
FX Markets Weekly Wrap DXY streak under threat despite strong payrolls Remarkably, the dollar may be about the lose its record streak of weekly gains despite a strong US payrolls report. While the initial reaction to today’s data was another jump in the greenback, it has... 6th October 2023 · 5 mins read
FX Markets Weekly Wrap Dollar rally at risk of reversal as tailwinds fade The week is set to end with the US dollar a bit higher against most currencies and the DXY Index just below fresh year-to-date highs. The dollar’s latest gains coincide with yet another week of rising... 29th September 2023 · 7 mins read
FX Markets Weekly Wrap The rally in the US dollar appears to be losing steam Amid the flurry of central bank announcements, the Fed doubling down on “higher for longer” proved to be enough for the greenback to eke out small gains against most other currencies, taking the DXY... 22nd September 2023 · 7 mins read
FX Markets Weekly Wrap The dollar’s winning streak is unlikely to last much longer Another week, another rise in the DXY index, which at the time of writing is on track for a ninth consecutive weekly rise. Continued robust activity data in the US and the ECB signalling the end of... 15th September 2023 · 9 mins read
FX Markets Weekly Wrap The greenback grinds higher and “carry” currencies crack The US dollar looks set to end the week higher against nearly all other major currencies. Remarkably, the DXY Index is set for an eight consecutive weekly rise, something that has rarely occurred... 8th September 2023 · 8 mins read
FX Markets Weekly Wrap Soft payrolls can’t keep the dollar down for long A run of soft US labour market data has left the dollar on track to end the week slightly lower against most major currencies, threatening to break the DXY index’s six-week winning streak despite a... 1st September 2023 · 7 mins read
FX Markets Weekly Wrap Greenback gains as surveys sink and Powell persists PMI and other data released this week have added to evidence of the relative strength of the US economy amid a weakening global backdrop, shifting yield gaps in favour of the greenback and pushing it... 25th August 2023 · 7 mins read
FX Markets Weekly Wrap Dollar keeps edging higher on China fears & US yield surge The US dollar has continued to grind higher, with the DXY index on track for a fifth consecutive weekly gain on the back of more bad news out of China, continued pressure on risk sentiment, and a new... 18th August 2023 · 7 mins read
FX Markets Weekly Wrap “Soft landing” hopes boost dollar despite soft CPI report In spite of last week’s weak US payrolls report and this week’s soft CPI data, the dollar has, on net, risen against all other major currencies this week. This may be partly a result of hawkish... 11th August 2023 · 8 mins read
FX Markets Weekly Wrap Payrolls & ratings downgrade leave the dollar adrift With the mini-meltdown in US bond markets taking centre stage over recent days, the dollar had been on the front foot for much of the week until the softish non-farm payrolls report earlier today... 4th August 2023 · 7 mins read
FX Markets Weekly Wrap End of YCC: keep calm and "carry" on The Fed’s emphasis on data dependency amid even more evidence of resilience in the US economy pushed US Treasury yields up and the greenback higher against most major G10 currencies this week. Taken... 28th July 2023 · 7 mins read
