Fed Chair Warsh's last word before the quiet period was that he doesn't prejudge meetings, and the Dollar Index is lower on it, though the drop stalled near 101.60 twice. It fell from just above 102.00 to about 101.85 i…
EUR/USD extends its recovery on Friday, trading around 1.1255 at the time of writing, up 0.32% on the day. The Euro (EUR) continues to strengthen against the US Dollar (USD), rebounding from a 16-month low of 1.1113 rea…
Nordea strategists concede their long‑standing positive view on the Swedish Krona (SEK) has not materialized and now adopt an agnostic stance. SEK has been hurt by Middle East‑related risk‑off flows, US tech outperforma…
The Pound Sterling (GBP) advances against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Kevin Warsh didn’t provide forward guidance on interest rates, while expectations that the Bank of England (BoE) …
Scotiabank’s Global FX Strategy team notes EUR/USD is supported by modest narrowing in front-end Eurozone–US spreads following dovish-leaning comments from Fed Chair Warsh. French OAT/Bund spreads remain wide but are se…
The US Dollar (USD) has depreciated sharply against most of its major peers over the last two days, hammered by a mix of lower US Treasury yields and dovish comments by Federal Reserve (Fed) officials. The US Dollar Ind…
West Texas Intermediate (WTI), futures on NYMEX, holds onto weekly gains near $96.00 during the European trading session on Friday. The oil price has gained significantly this week, as financial markets continue to offe…
Nordea strategists note EUR/USD has already hit its H1 2027 target of 1.12 and now expect further US Dollar (USD) strength versus the Euro (EUR). Nordea lower its year-end EUR/USD forecast to 1.10 and projects a test of…
Commerzbank’s Volkmar Baur describes a double bind for the New Zealand Dollar as rising monthly price indices signal higher CPI, while electronic card data show stagnating retail spending and likely negative real consum…
Commerzbank economists Dr. Jörg Krämer, Dr. Vincent Stamer and colleagues argue that Middle East crude exports have nearly returned to pre-war levels thanks to dark transits through the Strait of Hormuz. They expect hig…
Financial markets have calmed a little after Coreweave stock bounced on Thursday. But the debate between intensifying price pressures needing tighter monetary policy and a tech correction requiring a softer policy outlo…
Societe Generale highlights that the Reserve Bank of India has taken proactive steps to support the Indian Rupee, deploying multiple FX-related measures and bond operations. The report notes a risk-off driven reversal i…
Gold (XAU/USD) holds modest gains on Friday, supported by a softer US Dollar (USD) and lower Treasury yields. However, hawkish Federal Reserve (Fed) expectations keep buyers cautious about chasing prices aggressively hi…
ING’s Chris Turner notes that the Dollar is benefiting from a flatter US yield curve as hot inflation data keeps short-dated rates elevated while long-dated Treasuries recover. He argues this backdrop typically favors t…
The Australian Dollar (AUD) is up 0.41% higher at around 0.6950 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair strengthens as the market sentiment turns risk-on due to United …
Welsh water company Hafren Dyfrdwy has agreed to pay £280,000 following "unacceptable" failures that resulted in sewage spills, industry regulator Ofwat has announced.
The Euro (EUR) remains on its back foot against the British Pound (GBP) on Friday, as UK macroeconomic data released on Tuesday beat expectations while Eurozone’s figures disappointed. The EUR/GBP pair hit session lows …
OCBC’s FX Strategists Sim Moh Siong and Christopher Wong note Gold has rebounded over 1% as US Treasury yields, USD and Brent eased, while the Federal Reserve appears in no rush to tighten further. They remain cautiousl…
MUFG’s Michael Wan reports that Bank of Japan (BoJ) Board Member Junko Koeda has strengthened the case for further policy tightening. Koeda emphasized upside price risks, still-accommodative financial conditions and jud…
September PPI came in strong, import prices are still running hot enough to keep the inflation story alive, and yet the long end has rallied. The 2s10s curve has flattened by roughly 20bp this week because the short end…
Dow Jones futures rise by 0.19% to trade near 52,530 during European hours on Friday. S&P 500 futures gain 0.09% to trade around 7,800, while Nasdaq 100 futures inch higher by 0.03% to near 30,150.
The Indian Rupee (INR) continues to outperform the US Dollar (USD) on the back of weakness in the Greenback and forceful Reserve Bank of India’s (RBI) measures to curb the US Dollar’s demand by Oil Marketing Companies (…
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading around 101.90 during the Asian hours on Friday.
The USD/JPY pair loses ground to near 157.85 during the early European trading hours on Friday. Hawkish hints from Bank of Japan (BoJ) policymakers provide some support to the Japanese Yen (JPY) against the US Dollar (U…