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
BCA Research attributes the yen’s plunge toward four-decade lows largely to the Bank of Japan’s inflationary stance rather than immediate concerns about Japan’s public finances. The research house anticipates continued pressure on the yen and Japanese government bonds through the end of 2026, while advising investors to consider starting to buy the…
The U.S. dollar fell more than 1% in July, its biggest monthly decline since April, as softer U.S. inflation readings and market concern about the Federal Reserve's next moves weighed on the greenback. Treasury yields rose in July, and three Fed officials dissented at the most recent meeting, each favoring a 25 basis point hike. The yen strengthene…
Eurozone sovereign yields slipped modestly in quiet trading as fixed-income desks consolidated earlier losses and executed month-end portfolio adjustments. The German 10-year Bund yield pulled back to 3.15% and the two-year fell to 2.771%, tempering some of July's aggressive repricing but leaving borrowing costs elevated amid persistent inflation s…
On July 30 the Japanese yen rallied sharply, sending the dollar down as much as 3% to 158.34, a one-day drop consistent with what analysts describe as possible official intervention by Japanese authorities. The move came ahead of a Bank of Japan policy meeting and after a split Federal Reserve decision that kept U.S. interest rates unchanged, with …
Sterling firmed against the dollar after the Bank of England's Monetary Policy Committee voted to hold its policy rate at 3.75%. The pound's advance was amplified by a softer dollar following the U.S. Federal Reserve's policy meeting and market reaction across bond and mortgage markets. Traders are focusing on upcoming U.S. inflation and growth dat…
Eurozone government bond yields moved higher Thursday, led by a jump in benchmark German borrowing costs. The advance followed fresh U.S. military strikes inside Iran and an unclear policy signal from the U.S. Federal Reserve, reviving concerns about energy-driven inflation and maintaining upward pressure on sovereign borrowing costs across the blo…
Japanese Prime Minister Sanae Takaichi faces a deteriorating political position that complicates efforts to reassure markets on fiscal discipline. Her push for fiscal stimulus and criticism of higher interest rates have amplified investor concerns about Japan’s public finances, lifting government bond yields and contributing to a weaker yen. Offici…
Eurozone government bond yields moved higher on Wednesday after crude oil prices surged roughly 3% following regional military actions. The German two-year yield, sensitive to near-term policy expectations, reversed earlier losses to reach 2.767%, while the 10-year Bund rose to 3.12% as selling resumed across sovereign desks. Investors also prepare…
The U.S. dollar held close to a one-month peak while Asian currencies mostly traded in narrow ranges ahead of the Federal Reserve's policy announcement. The Australian dollar led regional weakness after domestic inflation undershot forecasts, curbing bets on further Reserve Bank of Australia tightening. Geopolitical tensions following fresh missile…
Eurozone government bond yields edged slightly lower but stayed close to multi-year peaks as policymakers' hawkish signals and lingering inflation and energy risks kept short-term rate expectations elevated. Germany's two-year yield fell to 2.75% while the 10-year Bund sat near 3.10%, levels that keep financing costs tight for governments, corporat…
The yen has touched a 40-year low versus the dollar, with USD/JPY trading above 163 and the currency down 51% since 2011. At the same time USD/CAD is the lone G10 pair gaining this week, buoyed by a 6.2% rise in oil prices and robust retail sales. Market participants are watching central bank signals, intervention risks and energy price momentum as…
Sterling slipped modestly on Monday as demand for the dollar ahead of the US Federal Reserve meeting offset gains driven by a softer oil market and signs of reduced tensions in the Middle East. The euro held its recent advance against the dollar amid lower crude prices and persistent questions over the durability of the diplomatic pause. Market att…
Most Asian currencies strengthened against the U.S. dollar after oil prices tumbled following a pause in recent U.S.-Iran military exchanges. The dollar’s safe-haven appeal eased, boosting commodity-linked currencies and the yuan, even as Indonesia’s rupiah weakened after an unexpected change at the central bank. Markets now look to this week’s cen…
The Canadian dollar weakened versus the U.S. dollar as oil prices fell from earlier gains and investors awaited the Federal Reserve's upcoming interest rate decision. The currency traded lower on the day and posted a weekly loss after renewed trade tensions and shifting commodity dynamics influenced market sentiment.
South Africa's rand dropped after the central bank opted not to raise its benchmark lending rate, surprising market participants who had expected a hike given a rise in inflation. The currency traded at 16.7125 per dollar at 1418 GMT, around 1.9% lower than the previous close and close to a two-month low. The central bank said policy settings are s…
Traders’ bearish wagers on the Canadian dollar climbed to the largest among major currencies in the weeks before the U.S. announced steep tariffs on Canadian goods, according to CFTC data. Net short positions by non-commercial accounts reached $12.5 billion, the highest on the Chicago Mercantile Exchange for a second consecutive week and the larges…
Sterling and the euro eased on Thursday as renewed Middle East friction lent modest support to the dollar, limiting upside for both European currencies ahead of the European Central Bank's rate decision. GBP/USD slipped to 1.3365 while EUR/USD fell to 1.1404 as markets stayed cautious with little fresh U.S. data to drive the dollar. Analysts at ING…
The U.S. dollar eased modestly on Wednesday after reaching a one-week high the day before, but gains were limited as crude oil climbed amid renewed hostilities between the U.S. and Iran. The Japanese yen recovered slightly from its weakest level in four decades amid speculation about intervention, while the pound stabilised after UK consumer prices…
The Canadian dollar strengthened modestly on Wednesday alongside a rally in oil prices, recovering from a one-week low. Gains were restrained by ongoing trade tensions and broader currency market moves tied to central bank intervention risk in Japan and a softer U.S. dollar against major peers. U.S. crude futures climbed as concerns about potential…
Data from the Depository Trust & Clearing Corporation show sizable currency option expiries scheduled for Wednesday, July 22, concentrated in several major dollar pairs and AUD and NZD crosses. The report lists specific strike levels and notional amounts for each affected currency pair, and notes several pairs with no large expiries on that date.
Sterling weakened on Tuesday as a broad-based dollar bid tied to rising Gulf tensions overshadowed otherwise constructive UK economic indicators. GBP/USD fell, while EUR/USD held near recent levels. Market attention remained on geopolitical developments and gilt market volatility after new UK government signals on fiscal flexibility and an unexpect…
The U.S. dollar climbed to its strongest level in over a week amid elevated Treasury yields and renewed safe-haven demand linked to ongoing fighting in the Middle East. The Japanese yen reached its weakest level against the dollar since 1986, sterling slipped as gilt yields rose, crude benchmarks rallied, and markets awaited the European Central Ba…
Global government bond yields slipped on Friday as modest safe-haven buying pared losses after a week of steady increases. Two-year U.S. Treasury yields eased to 4.12% and the benchmark 10-year yield fell to 4.5%, though both remain positioned for weekly gains as rising Middle East tensions pushed energy prices higher and sustained inflation worrie…
Bank of America identifies three interlocking themes that could lift the U.S. dollar in the second half of the year: renewed geopolitical strain in the Middle East pushing oil higher, a forecast for further Federal Reserve tightening beyond market expectations, and substantial capital expenditure from U.S. AI hyperscalers. The bank’s FX strategist …
Nigeria's finance ministry will produce a public scorecard monitoring reductions in multidimensional poverty, gains in real income per capita, and shifts in inequality, the finance minister said at a Lagos conference. The initiative aims to demonstrate whether economic reforms enacted in 2023 have delivered tangible improvements for households amid…
