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.
846 total articles
Asian foreign exchanges were mostly muted on Friday as a jump in oil prices and heightened geopolitical tensions weighed on risk appetite, while the Japanese yen retained gains after safe-haven buying. The U.S. dollar held near a three-week low as U.S. Treasury yields slipped, and markets looked ahead to a string of central bank policy decisions ne…
The U.S. dollar slipped to near a three-week low on Thursday as a drop in global bond yields and turbulence in AI-linked tech stocks and corporate debt prompted reallocations into duration and non-dollar currencies. The Japanese yen outperformed peers, pushing USD/JPY below its 50-day moving average, while the euro and Australian dollar showed mixe…
The Canadian dollar moved higher on Friday, poised to end a five-week losing streak against the U.S. dollar. The currency’s recovery was supported by a weaker U.S. dollar after comments from Federal Reserve Chair Kevin Warsh and firmer oil prices driven by Middle East supply worries and a marked drawdown in U.S. crude inventories. Domestic data tha…
The dollar retreated from an 18-month peak after U.S. consumer inflation surprised on the upside, prompting traders to reassess Federal Reserve tightening prospects. Asian currencies moved unevenly - the yen firmed following official intervention warnings, the South Korean won weakened the most, the Australian dollar slipped after weak jobs data an…
UBS told clients that its stance of buying the U.S. dollar on dips remains appropriate provided energy prices stay high and the AI-driven investment narrative endures. The bank highlighted persistent European vulnerabilities tied to gas inventories and said the euro remains vulnerable on rallies, while commodity currencies are in a consolidation ph…
Sterling made modest gains on Wednesday as the dollar slipped ahead of U.S. September consumer price data, while the euro remained largely unchanged. Market attention centered on U.S. CPI forecasts and comments from ING strategists and Bank of England officials, which kept rate expectations and the outlook for currency pairs in focus.
Indian importers are persisting with forward dollar contracts to lock in future dollar purchase rates even after the Reserve Bank of India required banks to hold cash equal to 20% of the notional value of such contracts. Banks are transferring the compliance cost to clients, increasing hedging premiums by 11 to 14 paisa per month, but importers are…
Euro-area government bond yields were largely unchanged Wednesday as the market digested heavy institutional allocations into long-dated paper from the previous session. Germany's 10-year Bund yield hovered near 3.454%, while benchmark 10-year U.S. Treasury yields remained at 5.197%. French sovereign debt showed little reaction after European Centr…
The Canadian dollar strengthened on Tuesday as the U.S. dollar pulled back from an 18-month high. USD/CAD fell to C$1.4258 amid softer U.S. Treasury yields and weaker crude oil prices, while investors awaited U.S. inflation figures that could influence Federal Reserve policy expectations ahead of the October meeting.
Eurozone government bond yields were largely unchanged as traders balanced persistent energy-driven inflation risks and French fiscal concerns against heavy primary corporate bond issuance from large technology firms. Germany's 10-year yield held near 3.477% while France's 10-year OAT remained close to 4.888%, with two-year Bunds slightly softer. M…
The U.S. dollar eased slightly from an 18-month high as markets positioned ahead of U.S. consumer price index data due this week. Investors cited continued support for the greenback from relatively higher U.S. interest rates, resilient domestic growth and safe-haven demand amid renewed geopolitical attacks. In Asia, the Indian rupee extended sharp …
Most Asian currencies traded with little movement as the U.S. dollar remained close to an 18-month high ahead of U.S. inflation data. The Indian rupee bucked the regional trend, jumping after the Reserve Bank of India announced a package of measures intended to curb dollar demand and speculative trading. Other Asian FX moves reflected stronger doll…
Morgan Stanley's FX strategists have recommended a short position in GBP/USD ahead of the U.K. Autumn Budget, arguing that sterling is not fully pricing in fiscal risks. The bank proposes entering at 1.3220 with a target of 1.2850 and a stop at 1.3350, and outlines assumptions that point to a wider headline deficit and higher financing needs if pol…
Sterling showed only slight gains on Tuesday while the euro regained some ground from near 52-week lows, as a buoyant dollar - supported by climbing global bond yields - restrained moves in both currencies. Market attention is split between US data and a stream of Federal Reserve and Bank of England speakers, with ING highlighting persistent euro w…
Asian currencies traded in narrow bands as the U.S. dollar held close to an 18-month high and the euro lingered near a 17-month low. Markets digested softer U.S. services-sector data that trimmed near-term Fed hike odds but showed persistent price pressures, while rising long-dated Treasury yields supported the greenback. Regional moves reflected l…
The euro remained close to a 17-month trough as investors weighed political uncertainty and fiscal stress across the euro area. The currency dipped to about $1.1220 early in the Asian session after hitting its weakest level since May 2025 the previous day. At the same time, the U.S. dollar continued to gain ground, buoyed by still-elevated Treasury…
The Canadian dollar pared an early gain and traded slightly weaker against the U.S. dollar on Monday as lower oil prices and an ongoing Canada-U.S. interest-rate differential kept pressure on the currency. Domestic indicators showing persistent contraction in services activity, along with declines in Canadian equities and softer crude, contributed …
HSBC said in a note released Monday that its machine learning models signal a risk-on environment for equities following a volatile stretch in markets. The bank's cycle indicator, ECCLES, classifies the current regime as Late Cycle and views that setting as constructive for US and growth equities. Complementary models point to a low chance of near-…
Sterling edged down on Monday as the dollar extended gains amid a sharp slide in the euro. Market attention centers on divergent rate expectations between the Federal Reserve and other central banks, and on French fiscal strains that have added pressure to the single currency. Traders are awaiting U.S. services data and FOMC minutes later this week…
U.S. Treasury yields held close to multi-decade highs on Monday as investors balanced softer U.S. labor data and persistent fiscal strains in Europe. The 10-year U.S. yield was steady at 5.276%, with the two-year slipping to 4.818% amid increased odds of a near-term Federal Reserve pause. In Europe, turmoil in French government debt eased from earl…
Asian currencies came under broad pressure as the U.S. dollar strengthened on Monday, while the euro dropped to its weakest level in 17 months amid deepening worries over France's public finances and a selloff in European bonds. The dollar climbed despite softer U.S. jobs data that has reduced near-term expectations for Federal Reserve tightening.
The dollar eased modestly on Friday after expectations of weaker-than-anticipated US payrolls reduced near-term rate-hike anxiety. A surprise rise in Tokyo consumer prices lifted the Japanese yen and supported bets on further Bank of Japan tightening, while a sharp jump in euro zone headline inflation maintained pressure on the European Central Ban…
U.S. Treasury yields shifted after a much softer-than-expected September jobs report, with intermediate maturities rallying as markets dialed back expectations for near-term Federal Reserve tightening. French 10-year yields hovered near levels last seen in 2002 amid investor concern over Paris's budget plans, while German 10-year Bunds fell to one-…
Citi retains its 0-3 month EUR/USD forecast at 1.1350 driven by medium-term growth and interest-rate differentials, while highlighting a tactical downside scenario that could push the euro-dollar exchange rate toward 1.0850 if relative rates remain unchanged and peripheral bond spreads widen alongside selling from European banks.
G20 trade ministers meeting in Milwaukee agreed to denounce the use of food as a coercive trade tool, but did not reach agreement on statements condemning forced labor in supply chains or on coordinated action against structural excess industrial capacity. U.S. Trade Representative Jamieson Greer said many ministers raised alarm at cheap exports fl…
