Market Overview
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...
Yen Reverses Hard as Market Doubts BoJ Urgency, Dollar Retains Momentum
Yen's sharp intraday reversal became the central focus in FX markets today, as traders reassessed BoJ’s latest policy guidance and economic projections. While initial positioning leaned toward hawkish interpretations, especially after last week’s US–Japan trade breakthrough, sentiment quickly pivoted as markets leaned into a more dovish read of BoJ’s...
Dollar Dominance Continues Amid Fed Repricing; Trump Secures Korea Deal, Targets India
Dollar remains the clear outperformer this week, holding firm despite mild retreat in Asian session. Stronger-than-expected US Q2 GDP data have prompted a significant paring back of expectations for a September Fed rate cut. Adding to the hawkish tilt, Fed Chair Jerome Powell struck a more guarded tone at...
Hot US GDP Lifts Dollar, Eyes Now on Fed
Dollar strength resumed in early US session after US Q2 GDP blew past expectations with a 3.0% annualized growth rate. The data added further confirmation that the US economy remains remarkably resilient, reinforcing bullish bets on the greenback. Currency markets reacted swiftly, with traders piling back into Dollar longs...
Soft Inflation Clears Path for RBA Cut, BoC and Fed Next
Aussie weakened broadly on Asian session after Australia's Q2 CPI data cemented expectations for another RBA rate cut in August. However, the decline in Aussie lacks strong momentum so far. The softness in both headline and core inflation readings has effectively given the central bank the green light to...
Markets Back Dollar Strength, Await Australian Inflation Clarity
Dollar’s broad-based advance continues today, underpinned by firm sentiment that recent US trade deals with the EU and Japan mark the clearing of major global trade risks, at least for now. Though US–China talks continue in Stockholm, markets appear unbothered. Officials on both sides have indicated willingness to negotiate...
Pre-BoJ Positioning Lifts Yen, Dollar Holds Top Spot
Yen recovered broadly in Asian session, likely helped by short-covering ahead of Thursday’s BoJ policy decision. Traders may be bracing for surprises in the central bank’s updated economic projections, particularly after last week’s US-Japan trade deal lifted some trade-related uncertainty. Although no rate hike is expected, any forward-leaning language...
Dollar Dominates as Euro Sinks Under Criticism of ‘Unequal’ Trade Pact
EUR/USD reversed sharply after an early bounce on Monday, as markets continued to digest the implications of the new US–EU trade framework. The pair’s drop was driven by a combination of Euro weakness and resurgent Dollar strength, reflecting an underwhelming investor response to the deal and shifting interest back...