Tag Archive: Currency Movement

FX Moves Tentatively, While Equities and Gold Continue to March Higher

2025-10-16

by

2025-10-16

Overview: The US dollar is mostly a little softer ahead of the start of the North American session. Participants do not seem to have much short-term conviction amid the heightened tensions between the US and China and wary of political developments in France and Japan. Against several pairs, the greenback has frayed its recent ranges …

Read More »

US Dollar Returns Offered While Bonds and Stocks Rally, Gold’s Ascent Continues

2025-10-15

by

2025-10-15

Overview: The dollar is heavy today. It is weaker against nearly all the world's currencies. The ongoing elevated trade tensions between the US and China continue to be the main talking point today. US rates were soft before Fed Chair Powell spoke yesterday and remain soft, at the same moment when market participants seem to …

Read More »

No Relaxation of US-China Tensions, Japanese Political Challenges, and a Rise in UK Unemployment, Send Ripples Through the Capital Markets

2025-10-14

by

2025-10-14

Overview: The markets wanted to believe that the President Trump and Treasury Secretary Bessent were right, China overreacted with the broadening and tightening of export licensing requirements for critical materials and de-escalation would result. But this does not seem to be the case. The risk-off mood has sent stocks tumbling and bonds rallying. The dollar …

Read More »

Market Sees “Escalation to De-Escalate”

2025-10-13

by

2025-10-13

Overview: Neither the US nor China have backed away from the brink approached before the weekend, but many market participants have concluded that this is an "escalation to de-escalate". The foreign exchange market has unwound some of the pre-weekend price action. The dollar-bloc currencies and Norwegian krone, which suffered before the weekend, are firmer, while …

Read More »

China Takes Dramatic Measures, While Japan’s MOF Warns Against Excessive Yen Moves

2025-10-10

by

2025-10-10

 Overview: The US dollar has stabilized after yesterday's surge. Following words of caution by Japan's finance minister, the yen is the strongest of the G10 currencies today, with around a 0.15% gain. The slowest underlying inflation in Norway in four months has weighted on the krone, which is off about 0.35%. Excluding the krone, the …

Read More »

North American Leadership Awaited in FX

2025-10-09

by

2025-10-09

Overview: There was some, albeit limited follow-through dollar buying today, but the early gains have been pared as the European morning progressed. That leaves the greenback narrowly mixed among the G10 currencies, with the Scandis, sterling, and the New Zealand dollar underperforming. North American leadership is awaited. Emerging market currencies are also mixed. News that …

Read More »

Dollar Jumps by Default

2025-10-08

by

2025-10-08

The US dollar's recovery accelerated today, and it has not deterred gold from surging through the $4000-mark in the spot market. With the US government still shut and no apparent negotiations to end it, greenback's gains seem to be a reflection of poor developments elsewhere.

Read More »

The Greenback Remains Bid

2025-10-07

by

2025-10-07

Overview: The dollar has come back bid. It is trading near session highs late in the European morning. The French crisis has not been resolved and the policy mix advocated by the new head of the LDP and soon-to-be prime minister continues to weigh on the yen. The US government remains closed, and the White … Continue reading »

Read More »

Dollar Driven Higher by Japan’s LDP Choice as next Leader and Prime Minister and the Collapse of the French Government

2025-10-06

by

2025-10-06

Overview: There are two main drivers today. The outcome of Japan's LDP leadership contest means Japan will have its first woman prime minister, She espouses the traditional LDP policy mix of expansionary fiscal policy and advocates easy monetary policy. The yen was sent reeling as were Japanese bonds, where the 40-year yield surged 15 bp …

Read More »

The Dollar Limps into the Weekend

2025-10-03

by

2025-10-03

Overview: The US dollar is trading softer but most inside yesterday's ranges. An unexpected jump in Japanese unemployment has weighed on the yen, which is the only G10 currency that is not gaining on the dollar today. The soft greenback means the Canadian dollar is likely under-performing and it is barely firmer on the day. … Continue...

Read More »

Quiet Foreign Exchange Market in which the Greenback Struggles to Find Traction

2025-10-02

by

2025-10-02

Overview: The dollar is soft and trading near session lows in late European morning turnover. The news stream is light and large parts of the US federal government remain closed. China's mainland markets are on holiday. Among the G10 currencies, the Canadian dollar remains the laggard in a soft greenback environment. Most emerging market currencies …

Read More »

Markets Take US Government Shutdown in Stride

2025-10-01

by

2025-10-01

Overview: The US federal government is under partial closure following the inability to approve appropriations to start the new fiscal year. The president has threatened to permanently fire not just furlough many "non-essential" government workers, but note that as of yesterday, some 150k federal workers have accepted the government's buyout. The longest shutdown in this …

Read More »

US Government Shut Down looks Nearly Inevitable

2025-09-30

by

2025-09-30

Overview: The US dollar is mostly softer against the G10 currencies and emerging market currencies. The hawkish hold by the Reserve Bank of Australia has helped lift the Australian dollar almost 0.5% to a four-day high above $0.6700. The Japanese yen is up nearly as much despite poor industrial production and retail sales data. A …

Read More »

USD Extends Pre-Weekend Pullback, but may Find Better Bid in North America

2025-09-29

by

2025-09-29

Overview: The US dollar is extending the pullback seen ahead of the weekend. It is softer against all the G10 currencies and most emerging market currencies today. However, the intraday momentum indicators are stretched, and, perhaps, some US participants will want to wait to see the outcome of President Trump's meeting with Democratic leaders in …

Read More »

Markets Digest a Bevy of New US Levies

2025-09-26

by

2025-09-26

Overview: The dollar rallied in North America yesterday and the foreign exchange market seems to be waiting for its leadership again today. Against the G10 currencies, the greenback is consolidating in narrow ranges near yesterday's best levels without advancing. The dollar is mixed against the major currencies but is not much more than +/- 0.15%. …

Read More »

Greenback Consolidates Yesterday’s Gains

2025-09-25

by

2025-09-25

Overview: The foreign exchange market is becalmed today. The greenback is in narrow ranges with a slightly softer bias against most of the G10 currencies, but the Swiss franc and Canadian dollar. The news stream is light, and the leadership of the North American market seems awaited. The US announced a new sectoral investigation into …

Read More »

Dollar Finds Traction

2025-09-24

by

2025-09-24

Overview: After rallying in the second half of last week, the dollar spent the last two sessions consolidating at lower levels. It has come back bid today amid light news. The greenback is 0.25%-0.50% firmer against the G10 currencies. The exception is the Australian dollar, which is holding on to small gains, inspired by the … Continue...

Read More »

The Greenback Struggles to Find Traction, including Against the Swedish Krona Despite Surprise Rate Cut by the Riksbank

2025-09-23

by

2025-09-23

Overview: The dollar's rally beginning during the Federal Reserve's press conference last week stalled yesterday, and the greenback is mostly heavier today. Despite Sweden's unexpected rate cut, the krona is leading the G10 currencies higher. The flash September PMIs mostly softened but the impact has been minimal. Fed Chair Powell speaks shortly after noon ET …

Read More »

After Marginal Extension of Last Week’s Gains, the US Dollar is Mostly Softer Ahead of the North American Open

2025-09-22

by

2025-09-22

Overview: After finishing last week with a bid tone, the US dollar's gains were initially extended against most G10 currencies before a mild bout of profit-taking emerged. It was extended in the European morning but may stall in North America. Several pairs have options near today's highs that expire at 10:00 AM ET. The US …

Read More »

Cook and Miran to Attend the FOMC Meeting that Starts Today

2025-09-16

by

2025-09-16

Overview: The US dollar is trading with a softer bias against nearly all the G10 currencies. Yesterday's losses have been extended. The exception is the Norwegian krone, which is hovering around unchanged levels. The greenback is softer against most emerging market currencies. Despite Britain and France sending aircraft to help protect Polish airspace after more …

Read More »