Foreign exchange markets and global currency movements.
Coverage of currency markets including major pairs, central bank actions, interest-rate differentials, and geopolitical influences. This section highlights trends in FX markets that impact global trade, inflation, and cross-asset correlations.
312 total articles
Asian currencies lacked a clear direction on Monday as investors weighed elevated Middle East geopolitical risk against reports of nascent ceasefire diplomacy. The U.S. dollar held firm, with the U.S. Dollar Index and futures edging up, while individual Asian pairs displayed mixed moves influenced by oil prices and domestic policy calendars.
Goldman Sachs projects ongoing pressure on the New Zealand dollar as the Reserve Bank of New Zealand adopts a dovish posture ahead of its upcoming policy meeting. RBNZ Governor Breman indicated the bank will 'look through' first-round effects from higher oil prices, while domestic slack and a softening labour market reduce the likelihood of second-…
Goldman Sachs identifies the Canadian dollar as one of the stronger G10 currencies since the onset of the energy shock, attributing the move to Canada’s sensitivity to oil price swings and the currency’s close link with the U.S. dollar. The bank expects the Canadian dollar to maintain relative outperformance in the near term while noting potential …
Goldman Sachs anticipates a strengthening of the Swiss franc against the euro, pointing to mounting inflation pressures that may reduce the Swiss National Bank's inclination to intervene in currency markets. While recent SNB actions and a weaker franc in March have tempered haven flows, Goldman highlights data showing build-up in inflationary force…
Asian currencies traded in narrow ranges on Friday as investors remained cautious amid heightened tensions in the Middle East and reduced market liquidity for the Good Friday holiday. The U.S. dollar held steady after a prior session gain, while policy steps from the Reserve Bank of India helped the rupee recover some ground during the week. Market…
The pound fell roughly 0.7% to trade near $1.3212 as of 04:05 ET (08:05 GMT) after a fresh escalation in the Middle East supported the dollar. Bank of England Governor Andrew Bailey's warning that markets may be "getting ahead of themselves" on expectations for multiple rate hikes this year added pressure on sterling. The euro also retreated and oi…
President Donald Trump’s declaration that U.S. forces would continue strikes in Iran for another two to three weeks has intensified investor concern that the Middle East conflict will be protracted. Markets reacted sharply: global equities and bonds fell, Brent crude jumped, and the U.S. dollar firmed as traders moved into safe-haven assets and awa…
India’s central bank late on Wednesday barred banks from offering rupee non-deliverable forwards (NDFs) to both resident and non-resident clients, a step intended to stop a recent surge in corporate-driven arbitrage. That decision removes a liquidity channel banks had used to unwind arbitrage exposures, increasing the cost and difficulty of meeting…
Most Asian currencies weakened on Thursday as the U.S. dollar regained ground following President Donald Trump’s remarks indicating an intensification of military action against Iran over the next two to three weeks. The shift back to safe-haven assets coincided with a rebound in oil prices and reinforced concerns about inflation and central bank p…
ING warns the British pound may be repriced more dovishly than the euro amid a widening economic hit from the Middle East energy shock and softer Bank of England rhetoric. Markets moved EUR/GBP higher and saw the pound firm against the dollar as traders digested central bank pricing, geopolitical developments and sharp energy price moves.
Bank of America says that the scope for further yen weakness against commodity-linked currencies is constrained by elevated foreign exchange volatility. The bank favors AUD/JPY as its preferred trade and highlights FX intervention risk that makes USD/JPY at ¥157 a more attractive level to sell the yen. It also recommends fading market pricing that …
Most Asian currencies held onto gains on Wednesday as the U.S. dollar softened and risk sentiment improved following comments from U.S. leadership about a potential near-term end to the military campaign involving Iran. Markets reacted cautiously, however, after reports suggested a U.S. exit might leave strategic chokepoints such as the Strait of H…
The U.S. dollar remained largely unchanged after President Donald Trump suggested military operations against Iran could conclude within weeks. Markets reacted to the comment with a fading safe-haven bid, the yen strengthened modestly, and the euro reached a more-than-weekly high as investors weighed conflicting signals about the conflict and await…
Most Asian currencies traded narrowly on Tuesday but were on track for sizable losses in March as the U.S.-Israel war on Iran dented risk appetite. The dollar advanced toward a monthly gain, supported by safe-haven flows and reduced expectations for Federal Reserve rate cuts amid an oil price surge.
The U.S. dollar is on track for its biggest monthly advance since July, strengthened by safe-haven flows after a spike in Middle East tensions that pushed oil prices higher and raised recession fears. Most currencies fell against the dollar overnight, though the yen steadied near intervention-sensitive levels after Tokyo signalled it may act if the…
The Egyptian pound dropped 3.4% on the offshore market to 54.6 per U.S. dollar, the largest one-day fall in three weeks and the worst-performing currency since the US-Israeli war with Iran began on February 28. The move compounds inflationary pressures in Egypt and comes ahead of a central bank policy meeting scheduled for Thursday.
The African Development Bank’s half-yearly report, using data through January, projects continental GDP growth of 4.3% in 2026 and 4.5% in 2027 but cautions that entrenched fiscal pressures, ballooning debt-service costs and declining external financing erode fiscal space and threaten public investment in health, education and infrastructure. The f…
UBS has lifted its EUR/CZK forecast to 24.5 throughout its projection window, adjusting earlier calls of 24.3, 24.3, 24.4 and 24.5. The bank said it brought forward anticipated longer-term koruna weakness to reflect near-term pressures tied to risk sentiment around the war in Iran, noting that market mood has eclipsed fundamentals in recent trading…
Most Asian currencies traded in narrow bands as markets focused on the risk of the U.S.-Israel war on Iran escalating. The Japanese yen outperformed peers after comments from Bank of Japan Governor Kazuo Ueda and a strong verbal intervention warning from a senior currency diplomat. Elsewhere, oil-driven shifts in Fed rate cut expectations and local…
The U.S. Treasury announced that President Donald Trump’s signature will be added to $100 banknotes beginning in June as part of the nation’s 250th anniversary events, replacing the long-standing placement of the U.S. Treasurer’s signature and placing the sitting president among a limited set of world leaders whose autographs or likenesses have bee…
Bank of America expects the U.S. dollar to South Korean won rate to remain constrained in the near term amid ongoing Middle East tensions, citing South Korea's vulnerability to energy-price swings and shifts in investor risk sentiment. The bank warns that sharp upward moves in USD/KRW could trigger policy responses, and projects the pair to move lo…
Most Asian currencies were largely unchanged as traders assessed diplomatic developments between the U.S. and Iran and weighed their possible influence on oil prices. The U.S. dollar remained supported by expectations of prolonged elevated U.S. interest rates, while the Indian rupee fell to a new record low against the dollar. Market participants s…
The U.S. Treasury announced that President Donald Trump’s signature will be added to U.S. paper currency to mark the 250th anniversary of American independence, a first for a sitting president. At the same time, the signature of the Treasurer of the United States will be omitted from currency for the first time in 165 years. The first $100 bills be…
Bank of America has revised its near-term foreign exchange outlook to reflect stronger U.S. dollar performance through the second quarter, citing sustained high energy prices and shifts in central bank pricing. The bank now projects EUR/USD at 1.14 and USD/JPY at 160 by end-Q2, while retaining a view of gradual dollar depreciation later in 2026 con…
Most Asian currencies traded in narrow ranges while the U.S. dollar remained firm as investors parsed ambiguous signals over a U.S. proposal to end hostilities in the Middle East. Oil markets were subdued and the Indian rupee traded close to its record lows as traders weighed geopolitical uncertainty alongside expectations around U.S. monetary poli…
