FX Markets Weekly Wrap Dollar bounces back; disinflation points to sterling peak The US dollar has rebounded over the past two days and looks set to unwind much of last week’s fall. With US data somewhat mixed, much of this rebound in the greenback seems to have been driven by a... 21st July 2023 · 7 mins read
FX Markets Weekly Wrap Soft landing optimism has the dollar on the ropes In the wake of last week’s solid US payrolls report and this week’s below-expectation CPI data, which have strengthened hopes of a “soft-landing” in the US economy, short-term momentum has swung... 14th July 2023 · 6 mins read
FX Markets Weekly Wrap Payrolls & intervention chatter shuffle the currency deck again While the US dollar has dropped back in the wake of today’s non-farm payrolls report, continuing its recent struggles, two other trends in currency markets are showing some signs of exhaustion. Most... 7th July 2023 · 7 mins read
FX Markets Weekly Wrap Dollar remains rangebound as FX market calm persists The US dollar has continued to tread water against most major currencies this week. With G10 central bankers generally sticking to their hawkish messages at the ECB’s Sintra conference and few major... 30th June 2023 · 6 mins read
FX Markets Weekly Wrap Dollar bounces back on worsening growth outlook The US dollar has rebounded a bit this week on renewed signs that a global slowdown is underway and a growing sense that, like the Fed, most other central banks are also at, or near, the end of their... 23rd June 2023 · 6 mins read
FX Markets Weekly Wrap Has the dam burst for the dollar (and the yen)? The US dollar has fallen for a third week in a row, with the DXY closing in on its weakest level so far this year. But, although it is increasingly challenged by the current “risk-on” environment, we... 16th June 2023 · 10 mins read
FX Markets Weekly Wrap Central bank surprises work against dollar ahead of FOMC The US dollar looks poised to end another week down a touch – the DXY index’s first consecutive weekly fall since April. That probably reflects yield gaps vis-à-vis most other developed markets (DMs)... 9th June 2023 · 9 mins read
FX Markets Weekly Wrap Dollar rebound skips a beat on FOMC ambivalence After a strong run since mid-May, the US dollar has stalled this week after a run of mixed data and Fed officials striking a cautious tone in recent speeches pushed US interest rate expectations a... 2nd June 2023 · 9 mins read
FX Markets Weekly Wrap US dollar marches on thanks to “higher for longer” For the third week running, the dollar looks primed to notch up decent gains against most other major currencies. We don’t think newsflow regarding the US debt ceiling (which has swung from positive... 26th May 2023 · 10 mins read
FX Markets Weekly Wrap Rising yields push dollar higher ahead of Powell comments The US dollar looks set to end the week stronger against most major currencies amid the prospect of policy rates in developed markets (DM) remaining “higher for longer”. While this week’s rise in DM... 19th May 2023 · 9 mins read
FX Markets Weekly Wrap US dollar climbs amid unease in markets The US dollar looks poised to end the week stronger against most major currencies, with the DXY Index on track for its biggest weekly rise since the index peaked in late September 2022. We think this... 12th May 2023 · 9 mins read
FX Markets Weekly Wrap Banking turmoil continues to hamstring the US dollar Despite a bumper week for economic data, currency markets remain in limbo. While the dollar regained some ground today after a(nother) stronger-than-expected US non-farm payrolls report, it has been... 5th May 2023 · 10 mins read
FX Markets Weekly Wrap Dollar struggles to gain ground amid mixed US data Another mixed set of data out of the US this week – GDP , consumption and the Employment Cost Index – generally pointed to stubbornly high price pressures and slowing growth. The dollar reversed its... 28th April 2023 · 11 mins read
FX Markets Weekly Wrap Dollar stabilises despite strong global data The fluctuations following the release of PMI data out of the euro-zone, UK and US look set to leave the dollar broadly unchanged against most major currencies since last Friday. These data – along... 21st April 2023 · 9 mins read
FX Markets Weekly Wrap Another tough week for dollar bulls Despite a bounce today, the US dollar is set to end the week lower against most currencies and around its weakest level, in aggregate, in a year. This partly reflects that, even though Treasury yields... 14th April 2023 · 9 mins read
FX Markets Weekly Wrap Safe -haven currencies edge higher ahead of payrolls It has been another relatively subdued week in currency markets, but despite another batch of disappointing economic data out of the US and accompanying falls in US interest rate expectations, the... 6th April 2023 · 9 mins read
