The US dollar is generally weaker, with the Canadian dollar exhibiting the most pronounced weakness among the G10 currencies. The swaps market has nearly fully discounted a BOJ hike for later this month, while the greenback continues to hover near, but below, JPY160. Japan’s finance minister has maintained a firm stance, reiterating that the country Read More
The US dollar is stronger against the majority of the G10 currencies. The two exceptions stand out significantly. The Norwegian krone stands out as the strongest currency, potentially bolstered by the recent increases in oil prices. The yen stands as the other exception. Comments from BOJ Governor Ueda led to an increase in the swap Read More
The dollar exhibits a mixed performance against the G10 currencies, predominantly trading within narrow ranges. The New Zealand dollar, which surged yesterday following a hawkish hold by the central bank, stands as the strongest among the G10 currencies. It has increased by nearly 2% this week. Sterling and the Japanese yen represent the sole G10 Read More
The dollar experienced losses on Tuesday as investor optimism grew regarding a potential agreement to reopen the vital Strait of Hormuz and conclude the three-month-long conflict in Iran. However, recent U.S. strikes on Iranian targets dampened overall sentiment. Despite the low likelihood of a deal materialising in the near term, optimism surrounding peace negotiations has Read More
The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down the chances of reaching an agreement with Iran soon. Against the yen, the U.S. dollar experienced a decline of Read More
The dollar remained close to a six-week high on Friday, following a turbulent overnight session marked by mixed signals regarding a U.S.-Iran peace deal. Nevertheless, investors clung to hopes of potential progress. Washington and Tehran maintained their divergent positions regarding Iran’s uranium stockpile and the control of the Strait of Hormuz. However, U.S. Secretary of Read More
The dollar is exhibiting a stronger tendency, rebounding from the previous day’s declines during the North American afternoon session. A disappointing employment report coupled with a lacklustre PMI has positioned the Australian dollar as the weakest among the G10 currencies, a notable shift from its leading status just a day prior. The dollar continues to Read More
The U.S. dollar held steady just below a six-week high on Thursday, pulling back as optimism grew regarding Washington’s potential agreement with Tehran to address the ongoing conflict in the Middle East. The Australian dollar faced a downturn following an unforeseen rise in the unemployment rate, which has now reached its peak since 2021. This Read More
The US dollar is predominantly stronger, although the Australian and New Zealand dollars are showing resilience against this trend. The euro is currently fluctuating within a range of approximately 15 ticks around $1.16. Meanwhile, despite a rally in Gilts driven by lower-than-anticipated inflation figures, sterling is finding it challenging to regain the $1.34 level. The Read More
The G7 finance and central bankers’ meeting concludes today. The United States is applying pressure on its allies through the threat of increased tariffs on European Union vehicles, contingent upon the approval of the trade agreement by July 4, leading to strained diplomatic interactions. Officials in Greenland have indicated that the United States’ desire to Read More
