Monex

USD The dollar underperformed our expectations throughout last month, with the DXY index sinking almost 3.5% by August 27th. That said, a rally into month-end gives us confidence that markets are...

USD The US dollar performed well against its major peers yesterday following stronger-than-expected economic data released on Thursday. Investors await July’s US Personal Consumption Expenditure...

USD The muted market sentiment continued yesterday amid a sparse data schedule in the United States and Europe. In the U.S., investor sentiment was mixed, with the S&P 500 falling by 0.6%. The...

USD EUR/USD drifted higher yesterday, bolstered by a continued broad-market easing in US dollar buying pressure. Federal Reserve Chair Jerome Powell all but confirmed that the central bank will pivot...

USD The USD has continued to trade on the backfoot at the start of this week. The hotly anticipated Jackson Hole Symposium lived up to expectations as a market moving event. As such, price action on...

USD After struggling for almost the entire week, Thursday saw the dollar begin to stage a turnaround, helped by commentary from Fed officials. As we have noted previously, market expectations for Fed...

European economic activity expanded by more than expected in August, according to the latest flash PMI numbers. The composite reading for the bloc rose to 51.2, up from 50.2 in July. Even so, the...

USD Wednesday was all about the dollar for FX traders, with payroll revisions and FOMC meeting minutes set to be published. In the case of the former, payroll revisions were unusually large,...

Canadian freight rail could grind to a halt due to strike action, possibly as early as August 22nd A short-term shutdown should have minimal economic impact, though a more prolonged shutdown remains...

USD The broad dollar slipped a further 0.5% yesterday, albeit the move lower belied a lack of market-moving data. Today, the focus should remain on the greenback, with payrolls revisions and FOMC...

USD The greenback continued its slide to start the week, with the broad dollar giving up almost 0.5% despite a light domestic data calendar. That said, these selloffs leave the greenback looking...

USD The USD starts the week continuing its recent trend of softness. The USDXY, which measures the USD against a basket of currencies, is hovering just above year-to-date lows. The move lower is, of...

The Norges Bank has maintained the deposit Rate at 4.50%, matching market consensus and our own pre-announcement call. That said, today’s rate announcement was never likely to be in doubt – as we...

USD The broad dollar ended Wednesday trading flat, ending the greenback selloff that has been a major theme through the early part of the week. Stepping back though, this leaves the dollar scanning...

July’s core inflation meets expectations after two successive months of downside misses. The 0.2% MoM growth seen across headline and core prices marks a rebound from June’s soft set of prints,...

USD Yesterday saw yet another greenback slide, with the broad dollar dropping 0.5% as a soft PPI print saw traders reassess their PCE estimates, triggering a further modest acceleration in Fed easing...