Currency Analysis & Opinion

UK inflation rose less than expected in July, further supporting a September cut to Bank Rate after yesterday’s mixed set of labour market prints. Headline price growth rebounded to 2.2% last month,...

USD: We don't expect any CPI upside surprise Global risk sentiment got a lift from a soft US PPI print yesterday, as the final demand index came in at 0.1% month-on-month (consensus 0.2%) and the...

The just-released US PPI report was weaker than expected and we saw an immediate drop in the dollar in response. Earlier we had mixed-bag UK employment data helping to lift the pound across the...

USD In contrast to last week’s drama, the broad dollar has seen a relatively muted start to the week, trading rangebound on Monday. We see little reason for this dynamic to change today either. The...

Today’s jobs report should prove net neutral for the MPC when all details are considered. We think policymakers can look through a surprise drop in unemployment, keeping the Bank on track to cut...

GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...

USD The dollar starts the week in a quiet fashion after a very volatile week which saw it break out of recent ranges against its main counterparts, notably the EUR and JPY.  With a busy calendar...

USD With traders’ attention squarely focused on the US labour market, yesterday’s initial jobless claims data unsurprisingly garnered significant attention. The 233k print undershot expectations and...

USD Treasuries slid as stocks rebounded and recouped Mondays losses as EURUSD closed the day down 0.3% from Tuesdays open. Vice-president Kamala Harris and her newly announced running mate Tim Walz...

The recent market meltdown has caused traders to question where to go from here. Tuesday’s bounce is a natural reaction following a significant pullback, but it doesn’t mean the turbulence is over....

While US indexes, Nikkei futures, the USD/JPY and commodity dollars – some of the assets that have come under intense pressure – all bounced off their lows on Monday, we haven’t seen much...

USD The broad dollar’s slide at the back end of last week continued through Monday morning and into early afternoon, propelled by yen carry trade unwinds and fears that overly tight Fed policy would...

Rising US unemployment and recession fears have weakened the US dollar. The EUR/USD pair is nearing the key 1.10 level, poised for potential gains. Economic data and a potential Fed rate cut could...

USD After Fed Chair Powell placed the labour market in the spotlight, a series of weak leading indicators combined with last Friday’s jobs report delivered a damning verdict. All softened more than...