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 market has absorbed the escalation of hostilities in the Middle East with relative composure. The response in the capital markets has been relatively subdued, with a noticeable contraction in risk appetites, as evidenced by the declines in equities. The dollar exhibits strength against the majority of currencies, although the yen has rebounded from its 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 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
The US dollar is experiencing a modest decline against the G10 currencies, with the exception of the Japanese yen, as the North American trading session commences. The markets in China and Japan continue to observe a holiday period. In the wake of the Reserve Bank of Australia’s third rate hike of the year, the news 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
The dollar has strengthened against all G10 currencies as well as the majority of emerging market currencies. June WTI, previously at $82.60 on April 17, is currently nearing the $100 mark. July Brent, previously at $86.50, is now nearing $105. Both have experienced an increase for the sixth session out of the last seven. Equities Read More
The dollar exhibits a predominantly narrow mix against the G10 currencies. Excluding the Swedish krona, which has declined nearly 0.75% following an unexpected soft March CPI, the remaining G10 currencies are fluctuating by less than 0.2%. Investors are poised with caution as the US ultimatum deadline approaches, coinciding with the Asia Pacific session today. Reports Read More
The primary catalyst influencing the market at this moment is the conflict in the Middle East. Following a subdued conclusion last week, the dollar has experienced a rebound. The increase stands at 0.5% or more relative to the majority of G10 currencies. The Canadian dollar, typically exhibiting stronger performance in a robust US dollar context, Read More
In a notable shift, the Japanese yen stands out as the sole G10 currency appreciating against the dollar during the European morning session. Yesterday, it was the sole G10 currency that experienced a decline against the greenback. The prevailing sentiment in the foreign exchange market remains one of consolidation. The significant outlier is the Chinese Read More
