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
The U.S. dollar eased slightly on Friday but remained poised for its largest weekly advance since November 2024 as the widening conflict in the Middle East boosted demand for safe-haven assets. Traders pared some positions ahead of U.S. payrolls data due later in the session. Currency moves were also influenced by rising energy costs and regional e…
Most Asian currencies firmed slightly on Friday as the U.S. dollar eased modestly after a prior run-up, yet the region remains poised for weekly losses. Escalating hostilities involving Iran, Israel and the United States have pushed oil prices sharply higher this week, heightening concerns over energy supply disruptions and reigniting inflation and…
Analysts at BofA Securities say the U.S. dollar's recent appreciation stems largely from an oil price shock tied to escalating strikes involving Iran, rather than from a breakdown in investor confidence in the U.S. government. The bank's strategists note the dollar's gains extend even against traditional safe havens such as gold, and they expect th…
Sterling has outperformed the euro this week, driven largely by portfolio positioning and a repricing at the short end of the curve that reduces expectations for near-term Bank of England easing. ING highlights the role of widespread net short sterling and long euro positions held by asset managers, and warns that renewed bond market stress or high…
The U.S. dollar resumed gains Thursday after a brief retreat, supported by renewed geopolitical risk in the Middle East and a jump in oil prices. The Dollar Index traded at 98.897 at 04:35 ET (09:35 GMT), extending its move back toward this week’s three-month peak. U.S. political and military developments, signals of slowing U.S. activity in the Fe…
Most Asian currencies retreated Thursday as the U.S. dollar firmed after a modest overnight pullback and heightened conflict in the Middle East pushed oil prices higher. The US Dollar Index posted a small gain, while traders monitored developments near key shipping lanes and the impact of surging crude on trade balances and inflation. The Indian ru…
A sudden shift in global risk sentiment on hopes for resumed oil shipments through the Strait of Hormuz and potential U.S.-Iran engagement triggered a rally in the Australian and New Zealand dollars, reversing earlier losses. The Aussie rose to $0.7078 after a 0.6% overnight rebound from lower levels this week, while the kiwi held at $0.5940 follow…
The U.S. dollar’s recent surge slowed on Thursday as investors digested conflicting reports about possible talks between Iranian intelligence operatives and the CIA and upbeat U.S. services data. The dollar slipped from an early-week peak, giving the euro and several other major currencies tentative relief, while energy-driven inflation concerns co…
Citi said it trimmed risk across a range of macro positions after an abrupt volatility spike tied to geopolitical developments. The bank described the market moves as resembling a VAR shock, closed its long EURUSD spot position after hitting drawdown limits, took profits on EM FX carry positions and exited certain EM receivers and a long gilt-versu…
The U.S. dollar remained at elevated levels on Wednesday amid renewed concerns over energy supply after strikes involving the U.S., Israel and Iran raised the prospect of prolonged disruption via the Strait of Hormuz. The Dollar Index eased slightly to 98.995 at 04:55 ET (09:55 GMT) after earlier reaching its strongest level since November 28. Risi…
UBS Switzerland AG projects the British pound against the Swiss franc to remain constrained in the near term before staging a gradual recovery in the second half of 2026 and into 2027. Strategists Constantin Bolz and Clémence Dumoncel point to the Bank of England's easing cycle and UK political uncertainty as headwinds for sterling, while safe-have…
Most Asian currencies weakened on Wednesday as an escalation in the Middle East conflict drove oil prices sharply higher and supported a broadly stronger U.S. dollar. The Indian rupee hit a fresh record low as rising crude import costs and capital outflows pressured the currency. Other regional rates from the Korean won to the Chinese yuan and the …
Heightened conflict in the Middle East has driven energy prices higher and prompted investors to seek cash, sending the U.S. dollar to a three-month peak and nudging the euro lower for a third day. The price surge in crude and European gas, along with renewed concerns about inflation, are influencing FX and risk assets across markets.
Blockchain research firms observed a sharp increase in funds leaving Iranian cryptocurrency exchanges in the hours after U.S. and Israeli strikes on Iran. Chainalysis, Elliptic and TRM reported hourly spikes in outflows, with total movements of more than $10 million between Saturday and Monday. Analysts said the data illustrate crypto's expanding r…
Bank of America Securities says the U.S. dollar has reasserted its role as the preferred safe-haven currency during the recent Middle East tensions that have disrupted oil markets. The bank cites the United States' energy self-sufficiency and option-market signals showing a shift toward dollar demand, while noting the Canadian dollar also typically…
Analysts warn that the escalation of the conflict involving Iran and a consequent rise in oil prices could create strains across emerging markets that extend beyond inflationary effects to include wider current account deteriorations, currency weakness and heightened capital outflows. Brokerages project Brent could top $100 if the conflict persists…
The U.S. dollar strengthened further on Tuesday as widening conflict across the Middle East renewed safe-haven demand for the greenback. The Dollar Index rose to its highest level since January, while the euro, sterling and commodity-linked currencies weakened amid a jump in energy prices and signs that central banks and governments may intervene t…
Asian currencies largely weakened on Tuesday as an intensifying Middle East conflict and higher energy prices bolstered demand for the U.S. dollar. The U.S. Dollar Index held near a five-week peak after overnight gains, while the South Korean won and Indian rupee were among the biggest decliners amid concerns about widening regional instability and…
Bank of America expects a broad-based rally in the U.S. dollar following the latest escalation in the Middle East and identifies the New Zealand dollar (NZD) as its preferred short in that scenario. Strategists point to New Zealand's growing reliance on imported fuels and an outsized sensitivity of NZD to risk assets, arguing these structural and e…
The U.S. dollar strengthened to a five-week peak as military strikes by the United States and Israel on Iran and retaliatory blasts across the region heightened demand for safe assets. The Dollar Index rose 0.6% to 98.187 at 04:45 ET (09:45 GMT). Major currencies including the euro, sterling and the Australian dollar weakened, while the Swiss franc…
Asian foreign-exchange markets weakened sharply in the session following major U.S. and Israeli strikes on Iran, which produced a surge in oil prices and prompted investors to seek shelter in safe-haven assets. The South Korean won led regional losses amid concerns over the economy's exposure to imported energy, while other Asian currencies broadly…
Global markets moved toward safe-haven assets after the U.S. and Israeli strikes that killed Iran’s supreme leader, Ayatollah Ali Khamenei. The dollar rose, the euro weakened, and the Swiss franc strengthened, while oil surged as seaborne trade was disrupted. Regional retaliatory strikes and shifting shipping patterns added to uncertainty for energ…
Analysts say the U.S. dollar is poised to receive near-term support following a new and broader round of U.S. and Israeli strikes against Iran. Higher energy prices and elevated risk aversion are cited as immediate drivers, though experts caution that the persistence of dollar strength will hinge on wider macroeconomic conditions and evolving inves…
EUR/USD has been rangebound after touching the 1.20 level. UBS, in a note dated February 26, says risks for the pair are balanced around that mark and has moved both the euro and the dollar to a Neutral stance after a strong rally in 2026. The bank favors select high-yielding currencies and warns that both cyclical US strength and structural headwi…
JPMorgan's research team said it is closing a long position in the offshore Chinese yuan after the People’s Bank of China cut the required risk reserves on FX forwards to zero from 20%, effective March 2. The measure followed a recent surge in the offshore yuan and prompted immediate weakening in CNH versus the dollar. Despite the tactical exit, JP…
