FX Markets Weekly Wrap US dollar grinds higher as CPI reinforces Fed hawkishness The dollar is ending another volatile week in FX markets a touch higher against most major currencies. The market reaction to the upside surprise in September’s US CPI data (released yesterday) was... 14th October 2022 · 9 mins read
FX Markets Weekly Wrap Resilient US economic data leave the dollar rally intact The dollar looks set to end the week on the front foot, having rallied over the past three days after a weak spell following the BoE’s intervention in the Gilt market last Wednesday. The key driver... 7th October 2022 · 11 mins read
FX Markets Weekly Wrap Intervention stems the dollar tide for now; US payrolls ahead During yet another tumultuous week in financial markets, the dollar has dropped back over the past couple of days after intervention by the BoE (in the gilt market) and the PBOC (in the renminbi)... 30th September 2022 · 9 mins read
FX Markets Weekly Wrap Powell channels Volcker, yen intervention & sterling breaks Another eventful week in financial markets has seen the US dollar strengthen across the board as the FOMC’s 75bp hike and Chair Powell’s hawkish message hammered risk sentiment. The dollar is now near... 23rd September 2022 · 9 mins read
FX Markets Weekly Wrap Renewed expectations for a hawkish Fed reignite USD rally The US dollar has added to its post-CPI surge, leaving it stronger this week against all major currencies on the back of expectations for even tighter Fed policy and weaker appetite for risk. Although... 16th September 2022 · 13 mins read
FX Markets Weekly Wrap The greenback edges lower ahead of US CPI data Today’s sell-off in the US dollar has left it little changed against most major currencies since last Friday. The catalysts for today’s decline, from fresh multi-decades highs, seem to be the ongoing... 9th September 2022 · 9 mins read
FX Markets Weekly Wrap Euro under renewed pressure ahead of ECB decision While the dollar eased back a little after today’s US non-farm payrolls report led to a reversal in US interest rate expectations, news that the Nordstream pipeline may not reopen as planned has seen... 2nd September 2022 · 9 mins read
FX Markets Weekly Wrap Hawkish Powell pushes the US dollar towards fresh highs Th US dollar seems set to end the week a bit higher against most major currencies after Fed Chair Powell’s speech at Jackson Hole reinforced the FOMC’s recent pushback against an early “pivot” sent... 26th August 2022 · 9 mins read
FX Markets Weekly Wrap Dollar gains on safe-haven demand, fading “pivot” narrative The US dollar rallied sharply this week, regaining most of the ground lost since its mid-July peak as US interest rate expectations rebounded and risk appetite faded. All G10 currencies fell against... 19th August 2022 · 9 mins read
FX Markets Weekly Wrap Dollar falters on continued risk-on rally The US dollar continued to struggle this week as equity markets extended their rebound and commodity prices also rallied: the currencies of commodity exporters and other economies most exposed to... 12th August 2022 · 9 mins read
FX Markets Weekly Wrap Dollar rallies as hope for a Fed pivot proves short-lived The huge upside surprise in US payrolls data pushed the greenback higher against most major currencies today in an otherwise quiet week for FX markets. The continued strength of the labour market in... 5th August 2022 · 9 mins read
FX Markets Weekly Wrap Dollar struggles on market’s hope of a Powell pivot The dollar looks set to lose further ground this week after the FOMC’s 75bp hike was, somewhat strangely, interpreted as the start of a dovish pivot and US Q2 GDP disappointed. However, the greenback... 29th July 2022 · 9 mins read
FX Markets Weekly Wrap The rally in the US dollar pauses ahead of the Fed After a series of strong weeks left it at two-decade highs, the US dollar seems set to end this week lower against most major currencies. Despite weaker-than-expected activity data out of the US, UK... 22nd July 2022 · 9 mins read
FX Markets Weekly Wrap Will the ECB & BoJ fight back against depreciation? Although it has dropped back a little today, the US dollar is on track for another strong week, rising further against all other major currencies and hitting a new 20-year high. At the time of writing... 15th July 2022 · 9 mins read
FX Markets Weekly Wrap The dollar breaks through; more to come? The US dollar has continued to surge this week, with the key EUR/USD rate breaching a two-decade low and approaching the symbolic parity level as fears around Europe’s energy supply worsened. Solid US... 8th July 2022 · 8 mins read
FX Markets Weekly Wrap Safe-haven flows drive the dollar higher The US dollar looks set to end the week stronger against most major currencies, nearing its strongest level since 2002 as “risky” assets remained under pressure. A key reason for the dollar’s rally is... 1st July 2022 · 8 mins read
