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Risk-On Wave Sweeps Markets, Bessent Continues Aggressive Fed Cut Call, Stimulus Boost

A strong wave of risk appetite is sweeping through global markets, with equities gaining ground across the board. Major European indexes are firmly higher, Japan’s Nikkei marked its second straight record close, and US futures are pointing to another day of record highs for S&P 500 and NASDAQ. Investors...

Dollar Stays Soft, Bessent’s Half-Point Cut Idea Stirs Talk but Not Positioning

Dollar continued to stay soft in Asian session today, carried over from Tuesday’s post US CPI weakness. US Treasury Secretary Scott Bessent added to the policy discussion by urging Fed to consider a 50bps rate cut in September to “make up for the delay” in starting its easing cycle...

Dollar Slips Post-CPI, Sterling Gains on Mixed UK Jobs Data

Dollar came under renewed selling pressure in early US session following the release of July’s CPI report. Equity markets responded positively, with stock futures pushing higher as investors focused on the softer-than-expected headline reading, largely downplaying the firmer core figure. Market reaction suggests the report does little to disrupt...

Yen Slides as Nikkei Hits Record, US–China Extend Truce

Yen slumped further across the board in Asia as Japanese stocks surged, with the Nikkei charging to all-time highs after the holiday break. Optimism in Tokyo is being driven by expectations that more listed companies will upgrade earnings outlooks, with the perceived impact of US tariffs on Japanese exporters...

Greenback Leads Ahead of Trump’s China Tariff Call, RBA Cut in Focus

Dollar rebounded strongly as US session begins, despite a day largely devoid of fresh headlines or major data. Traders are looking ahead to a week dominated by trade, geopolitical, and central bank risks, particular with the August 12 US–China tariff deadline now in sharp focus. So far, US President Donald...

Cautious Start as US-China Trade Deadline Nears; RBA Cut, US CPI Ahead

Markets began the week in tight ranges, with traders reluctant to take big positions. The August 12 deadline for a US–China trade deal is a major headline risk. For now, markets are betting heavily on an extension, with another 90-day truce seen as the most probable outcome. Still, the threat...

GBP Tops as Risk Currencies Shine, CHF Anchors the Rear

Last week’s FX leaderboard was dominated by growth-linked and higher-yield currencies, with Sterling, Aussie, and Kiwi outpacing the field. At the other end, traditional safe havens found themselves out of favor, with Yen and Swiss Franc bringing up the rear. Sterling’s climb came on the back of a narrow 5–4...

Loonie Dips After Mixed Jobs Data, Loss Limited as BoC Caution Still in Play

Canadian Dollar edged lower in early US trading Friday following a mixed labor market report that offered little clarity on the BoC’s next move. The set of data suggests that slack is building, but not yet enough to trigger a policy response. BoC left its benchmark rate unchanged at 2.75%...

Franc Stays at Bottom as 39% Tariffs Kick in, Japan Gets Relief as US Promises Corrections

After a week of volatility, the forex markets settled into a quieter rhythm during the Asian session on Friday. Swiss Franc stabilized somewhat, but remains the weakest performer this week after a heavy blow from Washington. Switzerland’s diplomatic efforts fell short as the harsh 39% US tariff on Swiss imports...

BoE’s Hawkish Cut Sparks Sterling Rally

Sterling surged across the board after the BoE delivered a widely expected rate cut to 4.00%, but with a much tighter vote split than markets anticipated. Four of the nine Monetary Policy Committee members voted to keep rates unchanged, signaling persistent concerns about upside inflation risks. This hawkish undercurrent,...

Tariffs and Doves Drive Dollar Lower, Split BoE to Cut

Dollar came under pressure again in Asian session, deepening this week’s selloff as traders digested a flood of tariff developments and dovish commentary from Fed officials. While Asian equity markets held steady with modest gains, the currency markets showed clearer directional bias, with the greenback slipping alongside Swiss Franc...

Dollar Selling Returns on Light News Day, Fed Comments in Focus

Dollar is softening again across the board in a session marked by light news flow and no scheduled economic data from the US. With little fresh macro direction, traders are shifting their attention to upcoming comments from Fed officials, including Boston Fed President Susan Collins and Fed Governor Lisa...

Sectoral Tariffs in Focus, Chips Hit but Broader Markets Hold

Asian equity markets are broadly stable today, shrugging off the negative lead from Wall Street overnight. The broader resilience comes despite a sharp selloff in chip stocks across Japan, South Korea, and Taiwan after US President Donald Trump confirmed that new tariffs on semiconductors and chips will be unveiled...

Dollar Stabilizes as Yields Find Footing, Yen Reverses After Early Strength

Dollar is trading mixed in early US trading on Tuesday, reflecting a cautious tone across the broader market. Treasury yields appeared to have found a foothold, with 10-year stabilizing around 4.2%, helping to curb recent Dollar softness. Traders appear to be waiting for the next catalyst — likely today’s...

Yen Extends Gains on Soft US Yields, ISM Services to Test Fed Cut Pricing

Yen continues to outperform in the FX market this week so far, drawing strong support from the ongoing slide in US Treasury yields. The benchmark 10-year yield slipped to close at 4.2% overnight, as Fed rate cut bets gaining traction. Market consensus is solidifying around the idea that Fed...

Yen Gains, Franc Sinks, Risk Appetite Recovers Cautiously

Markets are recovering modestly at the start of the week after last week’s sharp risk-off move. European equities are inching higher, and US futures point to a positive open. While sentiment appears to be improving, the backdrop remains fragile, as reflected in the continued slide in global bond yields,...

Asia Unshaken by Wall Street Rout, BoE Set to Steer the Week

Forex markets opened the week on a quiet note, with major pairs and crosses holding tightly within Friday’s ranges during Asian session. Even with last week’s risk-off tone and Wall Street’s steep decline, Asian investors appear to be taking the broader US developments in stride. One outlier is Japan’s...

From Optimism to Unrest, Summer Rally Cracks

Markets entered last week riding a wave of optimism, but exited rattled. Wall Street could have marked the end of its summer rally, with Friday’s sharp selloff capping a week of crosswinds, from upbeat GDP numbers and trade deals to dismal job data and institutional upheaval. Dollar, too, saw...

Dollar Tumbles on Jobs Miss, Fed Dissenters Add Fuel

Dollar fell sharply Friday after a dismal July jobs report cast doubt on the resilience of the labor market. While the headline job growth missed expectations, the bigger blow came from a stunning downward revision to June’s figure. The data raised alarm bells that the U.S. labor market may...

Tariff Update Sparks Limited Market Fallout, Dollar Eyes NFP for Further Gains

Asian equities slipped slight today after U.S. President Donald Trump issued a long-anticipated executive order updating tariff rates following the August 1 trade truce deadline. But losses were relatively restrained as many of Asia’s key exporters avoided the harshest duties. While tariffs now top out at 41%, nations like...