Currency Analysis & Opinion

USD After Fed Chair Powell put the labour market in focus on Wednesday evening, yesterday brought some unwanted developments. Initial jobless claims overshot expectations by 13k, shortly followed by...

USD: Looking expensive into the payrolls One can probably argue that the relatively cautious tone by the Federal Reserve this week will prevent markets from pricing in more than the current 75bp of...

USD Last night’s Fed meeting largely met our expectations, seeing the FOMC hold rates once again while Chair Powell demurred when questioned over the prospect of a September easing. On this latter...

USD: Short rates are on the move As we noted in our Federal Reserve review, the dollar initially rallied on the release of the new FOMC statement but then sold off when Chair Jerome Powell seemingly...

The EUR/USD pair will remain in focus heading into the second half of Wednesday’s session and the week. This morning's stronger-than-expected Eurozone CPI release has made a potential September rate...

JPY The Japanese yen is the big story overnight, unsurprisingly given the BoJ policy decision released early this morning. As we noted in our preview of this latest decision, Japanese policymakers...

The big question for FX markets is whether July’s sharp correction is over. We think events tomorrow (Bank of Japan and Fed meetings) will have a big say. Before then, US JOLTS and consumer...

BoJ is set to decide on interest rates tomorrow. While the central bank is expected to hold rates steady, a surprise remains in the cards. A hawkish move to spark a strong downside breakout below...

The US dollar has been consolidating sideways as global risk appetite improves. Currently, the greenback is looking for a direction, and NFPs could prove a catalyst. Weaker-than-expected data could...

USD A double header of US risk events is in store for FX markets this week, with an FOMC meeting on Wednesday, followed by Friday’s jobs report. The former should see the Fed holding rates – we think...

Tourists are flooding into Japan this year because currency values matter to every day people whether they regularly follow exchange rates or not. Here's my travel report from Japan, its economy and...

USD It was a surprise overshoot for US growth that was front and centre for markets on Thursday, with Q2 GDP figures showing that the economy expanded by 2.8% QoQ annualised in the second quarter....

The Turkish Lira has shown resilience against the US Dollar, trading near the 33 level. Factors such as the Central Bank of Turkey's tightening policy and Moody's credit rating upgrade have...

USD The advance reading of US Q2 GDP should be the focus for FX traders today. Market consensus looks for a print of 2.0% QoQ annualised – we are inclined to think that risks are skewed towards a...