FX Markets Weekly Wrap US dollar edges lower even as banking concerns ease Despite making up some ground today, the dollar seems set to end the week somewhat lower against nearly all major currencies. Banking turmoil in the US and elsewhere appears to be receding (for now)... 31st March 2023 · 10 mins read
FX Markets Weekly Wrap Dollar continues to see-saw on banking sector turmoil The US dollar had spent much of the week on the back foot amid a growing belief that banking sector issues might prove a largely US-specific problem. But that narrative, and price action, has (again)... 24th March 2023 · 9 mins read
FX Markets Weekly Wrap Banking panic leaves currency markets strangely unmoved In a week dominated by headlines about bank failures and the risk of another financial crisis, resulting in extraordinary volatility in government bond markets as interest rate expectations have... 17th March 2023 · 11 mins read
FX Markets Weekly Wrap Powell, bank runs & payrolls add to crosswinds in currencies The dollar’s sharp rally after Fed Chair Powell’s hawkish testimony to Congress on Tuesday sent US interest rate expectations soaring now looks like ancient history. Instead, after unexpected turmoil... 10th March 2023 · 10 mins read
FX Markets Weekly Wrap Currency phoney war continues ahead of US payrolls & BoJ Currency markets have mostly gone sideways this week, with the US dollar set to end it a touch weaker against most other major currencies. With both activity and price data continuing to surprise to... 3rd March 2023 · 11 mins read
FX Markets Weekly Wrap The dollar continues its slow and steady rise The US dollar looks set to end a third week higher against most major currencies amid mounting evidence that the US economy started the year on strong footing. In particular, hawkish FOMC minutes and... 24th February 2023 · 10 mins read
FX Markets Weekly Wrap Strong US data & hawkish Fed add to the dollar rebound Another round of robust US economic data and renewed hawkish rhetoric from Fed officials has given the US dollar a boost this week. With economic activity holding up better than we and most others had... 17th February 2023 · 10 mins read
FX Markets Weekly Wrap Dollar edges higher ahead of US CPI data next week The US dollar is set to end the week a touch stronger against most currencies, adding to its gains last week. But, aside from the Japanese yen round-tripping on news over the next BoJ governor, it’s... 10th February 2023 · 11 mins read
FX Markets Weekly Wrap Robust US economic data spark a rebound in the greenback The US dollar looks likely to record its largest weekly rise against other major currencies since its cyclical peak in September of last year. While investors’ dovish interpretations of announcements... 3rd February 2023 · 11 mins read
FX Markets Weekly Wrap US dollar remains rangebound ahead of key central banks The US dollar looks set to end another week broadly unchanged against most major currencies. Activity data released this week seemed consistent with resilience in European economies and near... 27th January 2023 · 13 mins read
FX Markets Weekly Wrap BoJ pushes back while the dollar continues to tread water The US dollar looks set to end the week broadly flat against major currencies after, by recent standards, a quiet week in FX markets. But Wednesday may have offered a glimpse of what is to come over... 20th January 2023 · 9 mins read
FX Markets Weekly Wrap Yen rally continues as Yield Curve Control circles the drain The US dollar has remained under pressure as hopes of a “soft landing” continue to build and risk sentiment improves. While yesterday’s key US CPI data came out roughly in line with consensus... 13th January 2023 · 10 mins read
FX Markets Weekly Wrap Dollar rebound stalls on softening US economy Financial markets have begun 2023 on a cautious note, see-sawing on mixed data. Although it has dropped back today, the US dollar has started the new year on the front foot, rising against most other... 6th January 2023 · 9 mins read
FX Markets Weekly Wrap BoJ ends chaotic year in currency markets with a bang The BoJ’s surprise decision to widen the tolerance band around its yield curve control target earlier this week will hopefully prove the final curveball of what has been an eventful year across... 23rd December 2022 · 12 mins read
FX Markets Weekly Wrap ECB steals the show, but the dollar rebounds After a choppy few days in financial markets, the US dollar is ending the week a touch stronger against most other major currencies as risk sentiment has worsened sharply in the wake of the latest... 16th December 2022 · 10 mins read
FX Markets Weekly Wrap FX markets calm ahead of central bank meetings & US CPI Even after a small boost following the release of US PPI data today, the US dollar seems set to end this “data-light” week broadly unchanged against most major currencies. By contrast, we suspect next... 9th December 2022 · 11 mins read
