The markets have navigated the challenges posed by US tariffs and the conflict in the Middle East. A new disruption has emerged—unwinding tech investment. The S&P and Nasdaq are set to open lower, while South Korea’s Kospi experienced a 10% decline today, despite maintaining an impressive year-to-date increase of nearly 95%. The risk-off sentiment has Read More
Investors remain uncertain about the specific details of the memorandum of understanding between the US and Iran. However, they seem to be confident enough to push July WTI to a new two-month low, while August Brent has reached three-month lows. Softer oil prices are contributing to a reduction in interest rates, while peripheral European benchmark Read More
The dollar remained close to its 10-day lows on Tuesday, as a deal to conclude the Iran war enhanced risk appetite. Meanwhile, the yen hovered near the significant 160 level following the Bank of Japan’s rate hike, a move that was widely anticipated to address inflationary pressures stemming from the conflict. U.S. President Donald Trump Read More
The dollar is currently consolidating primarily within the ranges observed at the conclusion of the previous week. The market persistently evaluates the determination of Japanese officials. The greenback is maintaining its position above JPY159 and has not dipped below this level since the previous Monday. Most emerging market currencies are starting the week on a Read More
The dollar initially strengthened against the majority of G10 currencies but faced selling pressure in Europe, leading to a lower opening in the North American session, with the exception of its performance against the Japanese yen. Japan’s Prime Minister Takaichi has reassessed her previous hesitance and has endorsed a supplemental budget aimed at assisting households Read More
The US dollar has further strengthened against the majority of currencies today. The perception of a successful US-China summit, coupled with a shift in expectations regarding Federal Reserve policy, is bolstering the value of the greenback. The expected year-end effect has seen the Fed funds rate increase by twelve basis points this week, while the Read More
Equities and bonds are showing a heightened tendency in their trading behavior. The forthcoming meeting between Trump and Xi represents a crucial point of discussion today. In anticipation, the PBOC set the dollar’s reference rate at a new three-year low. Earlier this week, US Treasury Secretary Bessent visited Tokyo, and today, Japan reported a record Read More
The dollar continued to face pressure on Thursday, as optimism surrounding a potential de-escalation in the Iran-U.S. conflict bolstered currencies linked to oil. Meanwhile, Tokyo’s renewed verbal intervention to support the yen kept speculators on edge. On Wednesday, Iran announced that it was assessing a U.S. peace proposal, which sources suggested would officially conclude the Read More
The dollar has depreciated against the G10 currencies; however, the Norwegian krone exhibits heightened sensitivity to significant fluctuations in crude oil prices. The yen experienced a significant surge within a matter of minutes during the Asia Pacific trading session. Despite Japanese markets remaining closed for an extended holiday, speculation abounds regarding potential intervention by Japanese Read More
In markets with reduced activity due to the holiday, the dollar is generally weaker as anticipation builds for North American leadership. Given the recent increase in the yen, and contrary to our prior expectations, it seems that Japanese officials took significant action yesterday. The intervention could have been approximately $34.5 billion (~JPY5.4 trillion), which, if Read More
