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FX market
Articles related to FX market
Dollar Eyes Soft US Data While EUR, GBP, and CZK React to Policy and Fiscal Developments
The drop in USD this week seems to be linked to expectations that US data will come in soft. But hearing Fed speakers, the move seems a bit premature, even if it looks like we could get September payrolls data soon. In the UK, the government is scrapping its income tax hike plans. GBP downside risks have suddenly increased
USD Holds Firm on Jobless Claims Rebound, Eyes on Fed Cuts
Jobless claims dropped back sharply yesterday, a rare positive development for the US jobs market and the dollar. But we still think the greenback is due to give up its post-Fed gains in the near term. Meanwhile, the Bank of Japan surprised with a hawkish vote split as it held rates unchanged today, raising the chances of an October hike and JPY outperformance
Markets on Edge as Trump’s Tariff Announcement Stirs Global Unease
Investors are nervously waiting on the announcement of US President Donald Trump’s tariffs. With reports that deliberations on the tariffs are still ongoing, even with hours left to their unveiling, as well as speculation about the form they will take, investors remain uncertain.
JPY: No Fiscal Year-End Effect as Tariff News Drives USD/JPY Higher
We are one week out from Japan’s financial year-end. An often-asked question is whether there is any seasonality in USD/JPY running into FY-end. The theory goes that Japanese companies may repatriate foreign earnings to dress up their balance sheets for the FY.
GBP: Focus on BoE policy signals as GBP underperforms EUR
At the time of writing, UK rates markets are expecting the BoE to keep the bank rate unchanged at its March policy meeting and to ease a total of c.53bp by the end of 2025. The view is broadly consistent with our own view that foresees two additional BoE rate cuts in the coming months.
USD: Stagflation blues as Powell soothes markets, but USD sell-off may slow
The Fed left its dot plot unchanged and revised down its growth forecasts while revising up its inflation forecasts. But Fed Chair Jerome Powell said that he still saw room for rate cuts given that the effect of tariffs on inflation will be transitory. He also said the probability of recession was not high.
FX Market Update: Cautious Trading Ahead of Fed Decision; USD Firms, TRY Slides
• USD firmer as markets trade cautiously into Fed decision.
• CAD slips back from probe through upper 1.42s.
• EUR drifts lower after another failure around 1.0950 yesterday.
• GBP tracks peers, short-term price patterns may be tilting negative.
• JPY drops after BoJ holds policy rate at 0.50%, as expected.
• AUD, NZD lower in line with peers; Aus jobs, NZ GDP data due tonight.
• MXN softer on the day but holds gains back through 20.
US-Ukraine Talks Stall, Tariffs Loom: FX Market Prepares for a Pivotal Week
As markets assess the implications of the Zelenskyy-Trump clash on Friday, the focus today is whether US tariffs on Mexico and Canada will go ahead. The FX market is not pricing in 25% duties as a base case, and still leans in favour of either smaller tariffs or another last minute deal. Downside risks for CAD and MXN are therefore sizeable.
GBPUSD to Rebound Towards 1.30 Amid USD Weakness and Stabilized UK Bond Markets
USD Firming Amid Tariff Uncertainty. What Trump's Trade Talks, US Data, and Geopolitics Mean for the Dollar and Global FX
Euro on the Brink – Will a Ukraine Peace Deal and Rising Defense Spending Save the Currency, or Will Tariffs Push It Lower?
While simmering trade tensions have been a key driver of FX markets this year, optimism about a potential ceasefire deal in Ukraine and stronger fiscal support, especially from defense spending, have also raised the prospects of a better outcome for European growth.
CEE Markets Brace for Key Economic Data Amid Fading Ukraine Sentiment
After a very quiet week, the local story is back in focus for markets. Today, we will see retail sales in Poland for January. Goods spending remains subdued, but has improved after a poor third quarter.
CEE: Assessing the Current Economic Landscape and Upcoming Market Dynamics
Global Market Overview: Mixed Signals from China and Taiwan, Currency Moves Set Tone for the Week
CEE Market Update: PMIs Reflect Industry Weakness, Focus on Czech Republic's Economic Indicators
Turbulent Start: Dollar Surges in New Year, Unwinding Dovish Bets and Questioning Equity Valuations
The Finish Line: Reflections on 2023 and a Glimpse into 2024
FX Daily: Yen Bulls on Alert as Focus Shifts to US Payrolls and BoJ Speculation
FX Daily: Dollar Resilient Post-JOLTS, Euro Faces Headwinds
CEE Outlook: Potential Positive Shift in Czech Republic's Rating Amid Improved Fiscal Outlook
JPY in Focus: Markets on Alert for New Intervention Level Amid BoJ Measures
FX and Rates Markets: Analyzing Scenarios for the Czech Koruna and CNB's Cutting Cycle
The Fear of Strong Jobs: How US Labor Market Resilience Sparks Global Financial Panic
Market Jitters: Strong US Jobs Data Sparks Fear of Tightening Labor Market and Rising Yields
Navigating Uncertainties: RBNZ's Inflation Gamble, Election Dynamics, and Kiwi Dollar's Path Ahead
EUR/USD: Exploring the Potential Bottom at 1.0200 Amid US Treasury Yield Surge
US Bond Market Sell-Off Sets Tone for FX and Risk Assets
Czech National Bank Prepares for Possible Rate Cut in November
UAW Strike Impact and FX Market Implications Amid Ongoing Negotiations
Paring Back of BoE Hike Expectations Weakens GBP Gains
BoJ Governor Hints at Possible Policy Normalization Amidst FX Market Speculation
Unlocking the Potential: Deliverable KRW and its Impact on the Market"
Unlocking the Future: Reforms in Korea's FX Market Amid Demographic Shifts
FX Market Buzz: Saudi Oil Cuts Amplify Currency Concerns
FX Markets React as Saudi Oil Cuts Boost Energy Prices
CEE Economic Outlook: Focus on Data and Rates
CEE Market Update: Higher Rates Counterbalance Stronger US Dollar
FX Market Update: Chinese Turmoil and G10 Volatility
Russian De-Dollarisation and Shift Towards Yuanisation: Recent Developments and Implications
Russian Dedollarisation and the Emergence of Yuanisation: Analyzing Trends and Implications
CEE: Romanian Inflation Dips into Single-Digit Territory
Italy Eases Windfall Tax Impact Amid China's Deflation, Focus on US Inflation Report
CEE Inflation Update: Czech Republic Faces Downside Inflation Surprises Amid Stable FX Market
CEE Weekly Outlook: Romania's Rates Unchanged, Inflation Data Ahead
CEE PMI Numbers Deteriorate, FX Market Sees Record Highs and Weakness in Local Currencies
PY: Anticipation Grows Ahead of Bank of Japan Meeting
CEE Economies Show Resilience Amid Global Central Bank Focus
ZAR: Rand Remains Resilient as SARB Skips Rate Hike
CEE: Recovery Expected Following Last Week's FX Sell-Off
Poland's Economic Outlook: National Bank of Poland Poised for Easing Measures
FX Daily: Inflation Takes Center Stage as Geopolitical Events Have Limited Impact
CEE Central Banks Set for Monetary Policy Meetings: Positive Outlook and Rate Expectations
Fiscal Challenges and External Dynamics: Assessing Uzbekistan's Economic Landscape
Recovering Economy: Ukraine's International Reserves Surge, Limited Devaluation Risks, and Positive Growth Outlook
Unleashing the Potential: The Czech Koruna's Strong Stand and Market Expectations
Central European and Eurasian Local Rates Outlook: Opportunities and Challenges
Ukraine's International Reserves Surge, Decreasing Devaluation Odds but Fundamental Challenges Remain
CEE: Increasing Odds of Rate Cut in Poland as Inflation Concerns Ease
CEE: Dovish NBP Press Conference and Bearish View on Zloty
Dovish Tone in CEE Puts Pressure on FX: Czech Republic, Hungary, and Poland in Focus
