Dollar Attempts Late-Week Recovery, Fed Dissent Fails to Shift Outlook
Dollar edged modestly higher into the final US session of the week, though follow-through remains limited. The rebound looks more like position adjustment than conviction, with markets reluctant to chase the greenback ahead of next week’s key data.
Attention briefly turned to fresh remarks from two Fed officials who dissented...
Sterling Softens After GDP Miss; Dollar Remains Under Pressure
Sterling edged lower after the UK GDP release disappointed again, a adding to a run of soft growth signals and left the Pound mildly on the defensive into European session. The pre-Budget weakness is strengthening the case for the BoE to resume rate cuts at next week’s meeting. While...
Dollar Extends Slide After Jobless Claims Jump; SNB Lift Helps Franc Outperform
Dollar came under renewed selling pressure today after a sharp upside surprise in US weekly jobless claims. The surge in initial claims reminded investors that last week’s notably low reading was likely a statistical outlier rather than a sign of renewed labor-market strength. While the data does not yet...
Dollar Falls as Markets Reject “Hawkish Cut” Narrative; Aussie Falls Hard After Labour Miss
US stocks advanced solidly overnight after the Fed’s expected 25bps rate cut was greeted warmly by markets. Even though some economists labeled the decision a “hawkish cut,” the risk-on response in equities and the sell in Dollar suggested investors heard nothing hawkish enough to derail near-term sentiment.
The three-way vote...
BoC Confirms Long Pause, Markets Pivot to High-Stakes FOMC
Canadian Dollar eased modestly in early US trading after the BoC left its policy rate unchanged at 2.25%, as markets had fully expected. While the decision itself carried no surprises, the statement struck a slightly cautious tone on growth, prompting a mild pullback in CAD after its recent period...
Markets Stand Still Ahead of Fed; Trump’s Chair Search Adds Intrigue
The forex market was subdued through Asian session, mirroring the quiet tone in regional equities. With a major event risk just hours away, traders showed little appetite to adjust positioning, opting instead to wait for tonight’s high-profile FOMC rate decision.
A 25bps cut is fully priced and universally expected, leaving...
Trump Remarks, Ueda Interview Add Color as Traders Await Fed
Currency market dynamics have not shifted meaningfully as the session progresses, with the day’s relative performance table largely intact. Aussie remains firmly at the top, supported by the RBA’s hawkish hold earlier today. Governor Michele Bullock effectively shut the door on further easing and made clear that the next...
Markets Turn Cautious Ahead of FOMC as Talk of “Hawkish Cut” Builds
Global markets adopted a more cautious tone today, with Asian equities drifting lower after Wall Street’s soft session. The price action reflects hesitation rather than fear, with most investors choosing not to commit ahead of tomorrow’s critical FOMC outcome.
Talk has intensified that the Fed could deliver what many are...
Markets Drift, Loonie Firms, Swiss Franc Slips, Aussie Awaits RBA
European markets are treading water today, and the same pattern is visible in US futures as investors hold their positions ahead of Wednesday’s FOMC decision. With volatility expected to rise sharply mid-week, traders appear content to let the market consolidate and avoid premature positioning.
Even in this holding pattern, pockets...
Dollar Softens Ahead of High-Stakes Central Bank Week; EU–China Trade Tensions Simmer
Dollar weakened mildly in Asian trading as the new week began, but the move lacked conviction, with most major pairs still confined to familiar ranges. With a light data calendar on tap today and little in the way of market-moving headlines, early-session flows were cautious. Eurozone Sentix Investor Confidence...
Santa Rally on Standby with Markets Split on 2026 Fed Cuts
Dollar spent most of the week pinned to the bottom of the performance board, as a steady flow of data reinforced expectations for a Fed rate cut in December. Even though selling pressure eased slightly into Friday—thanks in part to a surprisingly firm rebound in longer-dated Treasury yields—the greenback...
Loonie Rallies on Jobs Beat as Markets Sees Extended BoC Hold
Canadian Dollar climbed sharply after a blockbuster November jobs report, which easily surpassed expectations and reinforced the view that the BoC will leave policy unchanged next week. The strength of the data has effectively shut the door on the prospect of another near-term rate cut.
The BoC has already delivered...
JGB Yields Climb, BoJ Hike Bets Rise, and Yen Risks Triggering Carry Unwind
Japan remains the center of attention in an otherwise quiet Asian session, with traders focused on the relentless climb in JGB yields. The 10-year benchmark surged to a fresh 18-year high today and appears poised to challenge the psychological 2% handle soon, an escalation that is increasingly difficult for...
Muted Reaction to Strong US Claims; Japan’s Bond Markets Flash Caution
Global markets have steadied heading into US session, with equity futures pointing to a flat open after yesterday’s strong rally. Early optimism from Japan and Europe faded through the day, leaving investors cautious but not materially risk-off. The backdrop is one of consolidation rather than clear direction.
US jobless claims...
Dollar Stays Weak Despite Small Bounce; Hassett Concerns Add to Pressure
Dollar attempted a mild recovery in Asia today, but the uptick lacked conviction and failed to alter the broader picture of USD underperformance. The greenback remains the weakest major this week, with selling pressure intensifying after Wednesday’s sharp drop in ADP employment that reinforced concerns about labor-market deterioration.
Expectations for...
Dollar Extends Losses on Deepening Labor Weakness, Euro Leads Weekly Gains
Dollar selling intensified again in early US session after another weak ADP employment report, marking the fourth decline in private payrolls over the past six months. The series of negative prints is now being viewed as a clear sign of deterioration in the labor market, prompting markets to extend...
Markets Await US ADP and ISM Services as Dollar Drops Further
Risk sentiment was mixed in Asian trading today. The Nikkei outperformed thanks to a rebound in SoftBank and renewed enthusiasm for tech and AI names, but the index failed to break back above 50,000 psychological level—highlighting lingering hesitation among investors despite the intraday gains. Outside Japan, the tone was...
UK Political Noise Weighs Slightly on GBP, FX Board Shows No Clear Theme
Sterling weakened slightly today as markets digested last night’s abrupt resignation of OBR Chair Richard Hughes, who stepped down following the premature release of budget documents last week. Investors viewed the episode as destabilizing for an institution designed to promote fiscal transparency and market confidence.
There was also a delayed...
Markets Stabilize After Robust JGB Auction, Retroactive US Tariff Relief for Korea
Market sentiment steadied across Asia today, with most assets drifting in tight ranges after Monday’s volatility. The overnight selloff in the US was modest, and fears that Japan-led risk aversion would spill aggressively into global markets did not materialize. While pockets of unease lingered—particularly in the tech space following...
Dollar Slumps as Yen Surge Triggers Position Unwinds
Dollar fell broadly today, though the move lacked a clear single trigger. Fed expectations barely shifted, with December cut bets ticking up only marginally to 87%, not meaningfully different from last week. US yields were also steady to firmer, with 10-year Treasury yields recovering back above the 4% mark,...