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
Deutsche Bank reports that foreign exchange markets have remained unusually calm this year despite notable moves in commodities and interest rates, and it expects that calm to persist through the end of the year. The bank anticipates a gradual weakening of the U.S. dollar against the Chinese yuan, continued yen outperformance on currency crosses, a…
Most Asian currencies showed limited movement in thin holiday trading on Monday as markets shifted attention to a high-level U.S.-China summit scheduled in Washington later in the week. The dollar strengthened modestly, supported by the Federal Reserve's recent policy stance, while regional FX markets took scant direction from falling oil prices an…
The Canadian dollar lost ground across most major currency pairs in the week ending September 18. USD/CAD reached 1.4005, its highest level in a month, as a Federal Reserve rate increase and stronger U.S. yields drove the greenback higher. Oil prices above $107 did not translate into a sustained lift for the loonie, while Canadian inflation held at…
Asian currencies showed mixed moves on Friday as the Japanese yen weakened even after the Bank of Japan lifted its policy rate to a 31-year high. The dollar remained supported by expectations of further Federal Reserve tightening, leaving traders to assess the likely path for global monetary policy while regional currencies reacted unevenly to econ…
The yuan reached its strongest level since July 2022 after the People’s Bank of China set a firmer daily reference rate for the eighth straight session. The rally comes ahead of the planned September 24 meeting between Chinese President Xi Jinping and U.S. President Donald Trump and follows broader Chinese efforts to expand onshore central clearing…
Sterling was flat on Thursday and the euro remained close to recent levels as the dollar’s broad advance after the Federal Reserve’s rate decision cooled ahead of the Bank of England’s imminent policy announcement. Market pricing, swap rate moves and ING strategists’ commentary framed the near-term outlook for major currency pairs.
UBS says the Swiss franc is under pressure because low domestic yields have widened the gap with other G10 currencies amid rising energy costs and expectations of further tightening from the ECB, Fed and BoE. The bank expects the SNB to hold in September and not to hike, which could allow EUR/CHF to retest 0.96 in the near term. Over the medium ter…
Sterling slipped as investors moved to price in a near-certain Federal Reserve rate rise and UK headline inflation ticked up in August. The dollar found broad support ahead of the Fed decision, while euro moves reflected a dollar-focused narrative rather than clear eurozone strength. Market attention centers on the incoming Fed action and its subse…
Global government bond yields held mostly steady on Monday morning after a sharp sell-off, with U.S. Treasuries consolidating near multi-year peaks and euro-area sovereign yields anchored at levels not seen in years. Traders are positioning for a key round of central bank policy decisions this week while a fresh rise in oil prices, driven by strike…
Bank of America says the US dollar is likely to remain range-bound through the end of the year even though markets are pricing in a high probability of a September Federal Reserve rate increase. The bank points to weakened dollar sentiment after July Fed communications, a string of mixed signals from policymakers and market actions that have capped…
Sterling traded narrowly on Friday despite UK GDP coming in above expectations, while the dollar firmed as markets positioned for U.S. inflation data that could reinforce hopes for a Federal Reserve rate increase next week. EUR/USD slipped modestly and GBP/USD was little changed as traders assessed Treasury-market dynamics, oil-driven risk flows an…
The Canadian dollar ticked lower against the U.S. dollar as rising crude prices and geopolitical tensions in the Middle East bolstered oil while broader risk aversion and lingering Canada-U.S. trade uncertainty limited gains. Market participants are awaiting U.S. inflation readings that could influence expectations for Federal Reserve policy.
The pound climbed to its strongest point since Aug. 29 as market participants increasingly expect further Bank of England rate hikes, even as Brent crude topped $100 a barrel and geopolitical tensions in the Middle East intensified. GBP/USD and EUR/USD traded slightly higher early Thursday, while investors weighed UK inflation data and signals from…
Euro zone sovereign yields held close to multi-year highs as markets positioned for an expected 25-basis-point increase to the European Central Bank’s deposit rate, with energy-driven inflation and a jump in energy components of HICP prompting calls for extended restrictive policy. Traders are watching ECB President Christine Lagarde’s press confer…
Sterling slipped marginally on Wednesday while the euro held steady as the dollar recovered some footing after a broad decline in the prior session. Market commentary from ING highlights puzzling dollar behavior, the potential role of energy-driven trade flows, and the key influence of USD/JPY and upcoming U.S. CPI and ECB moves on currency directi…
Asian currencies were broadly firmer as the Japanese yen remained close to a seven-month high, helping to sap demand for the U.S. dollar. The move comes as Brent crude climbs toward $100 a barrel amid an intensifying Middle East conflict, while markets focus on an imminent U.S. inflation print and upcoming Federal Reserve and Bank of Japan meetings…
The Canadian dollar strengthened modestly against the U.S. dollar on Tuesday as a sharp rise in crude prices, driven by heightened tensions in the Middle East and concerns over tanker routes, offset recent weak Canadian employment figures and new trade measures between Canada and the United States. Market attention now turns to forthcoming U.S. inf…
Citi Research expects the Bank of Japan to lift its policy rate to 1.25% at the upcoming meeting. Market reaction, the note says, will hinge on the voting behavior of two Policy Board members aligned with Prime Minister Sanae Takaichi, and on the U.S. Federal Reserve’s next interest rate decision. Dissenting votes could reinforce views of political…
A bond selloff that accelerated with the war in Iran has pushed the U.S. 10-year Treasury yield close to 5%, a level unseen for sustained periods in almost two decades. Analysts are divided: some view higher yields as evidence of strong demand for capital driven by AI-related spending, while others worry that rising government debt and wider defici…
The Japanese yen extended its recent advance on Tuesday, hitting a seven-month high against the dollar as traders intensified expectations that the Bank of Japan will raise interest rates at its Sept. 17-18 policy meeting. Upward revisions to second-quarter GDP and a notable rise in real wages added momentum to the currency's move, while Tokyo reit…
European bond yields ticked higher Monday as markets priced in a nearly certain 25-basis-point interest rate increase at this week’s European Central Bank meeting, while renewed military tensions in the Persian Gulf lifted oil prices and added to inflation concerns. Equity benchmarks remained under pressure, with the pan-European STOXX 600 slipping…
Sterling and the euro advanced on Friday amid a broader retreat in the US dollar after Federal Reserve Governor Christopher Waller’s remarks reduced expectations of a September rate increase. Market attention now turns to US non-farm payrolls and several UK and European political and policy events that could reshape near-term moves in currencies an…
Asian currencies advanced Friday as the Japanese yen moved toward its largest weekly gain since late July. The U.S. dollar softened after Federal Reserve Governor Christopher Waller said he could support holding rates steady if disinflation continues, trimming markets' September hike odds. Traders remain focused on the U.S. payrolls report for furt…
Global sovereign bond markets halted a week-long wave of selling on Thursday as benchmark yields in Europe and Australia pulled back from multi-year highs. The pause followed dovish commentary from Federal Reserve officials and softer U.S. private payrolls data, which together reduced aggressive expectations for further policy tightening. Despite t…
The South Korean won is the strongest major Asian currency against the U.S. dollar so far in 2026, with USD/KRW down 5.68% YTD. That performance is underpinned by a surge in semiconductor and AI-related exports, a more hawkish Bank of Korea and an overall weakening of the dollar, even as the region faces potential headwinds from prospective Fed tig…
