FX Markets Weekly Wrap Dollar’s struggles continue on Powell’s mixed messages Today’s US non-farm payrolls data provided some relief to the US dollar, but it still looks set to end the week lower against most major currencies. This weakness mostly reflects the market reaction... 2nd December 2022 · 10 mins read
FX Markets Weekly Wrap “Pivot” hopes keep the dollar on the back foot The US dollar came under renewed pressure and is set to end the week lower against most major currencies. To a large extent, this weakness came in response to surprisingly strong durable goods data... 25th November 2022 · 9 mins read
FX Markets Weekly Wrap Hawkish Fed-speak stabilises the dollar The dollar has recouped a bit of ground this week as Treasury yields have stabilised and the rally in risky assets has stalled, but the greenback remains well below its late September peak. As we... 18th November 2022 · 11 mins read
FX Markets Weekly Wrap Soft CPI data derail the dollar amid hopes for a Fed “pivot” The dollar is set to end the week substantially lower, adding today to its broad-based weakness following the softer-than-expected US October CPI report. The data were in line with our view that... 11th November 2022 · 9 mins read
FX Markets Weekly Wrap Hawkish Powell trumped by payrolls & China optimism After another turbulent week in currency markets, the US dollar looks set to end the week a touch lower against most major currencies after a mixed US payrolls report and hopes that China is about to... 4th November 2022 · 9 mins read
FX Markets Weekly Wrap Dollar can climb higher even if the Fed “steps down” The US dollar looks set to end the week lower amid a rally in most riskier assets and currencies, driven in large part by renewed hopes that the Fed and other major central banks will soon slow the... 28th October 2022 · 10 mins read
FX Markets Weekly Wrap The “Fed Whisperer” & MoF strike again, dropping the dollar The dollar looks set to end the week lower against most major currencies after an article today by the WSJ’s often well-informed Fed reporter, Nick Timiraos, suggesting some FOMC officials favour a... 21st October 2022 · 10 mins read
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
