Currency Analysis & Opinion

USD: FX to trade only on geopolitics today It was reported overnight that Israel launched a retaliatory strike on the Iranian city of Isfahan. For now, it appears that Iranian media are downplaying...

The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of...

USD: Asian FX an important driver Following the dollar surge on the back of the strong March CPI and retail sales data over the last week, attention this week has turned to the run-up in USD/Asia...

DOLLAR: The US dollar DXY index has surged 6% this year. As US economic ‘exceptionalism’ drives bond yield differentials and sucks capital into the US. Foreign holdings of US treasuries,...

Recent macro data fueled a strengthening of the US dollar against the British pound. Fed Chairman Jerome Powell's remarks yesterday added more fuel to the fire. Amidst disappointing UK labor...

USD: Powell and carry trade unwind keep helping USD This week has so far seen the largest change in DXY weighted-average 3-month implied volatility since September 2023. That gauge has moved from the...

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised...

USD: The dollar has plenty going for it Instead of geopolitical risks, Monday's FX session was dominated by the very strong March US retail sales numbers. Consumption was meant to be the weak link in...

With tensions escalating between Iran and Israel, traders closely monitored Iran's response over the weekend, affecting assets like gold and the US dollar. Last week, the DXY surged to 105 after the...

The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of...

For a while now, the Bank of Japan (BOJ) has been concerned about its weakening currency, and in the past, have gone so far as to intervene when they felt a change of direction was needed.This time...

The pressure on the euro is growing as the gap between expected rate cuts from the Fed versus the ECB keeps widening. The latter is moving closer to cutting interest rates right as the former’s...

The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to...

The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%.BoC Holds Interest RatesThere were no surprises...