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
The dollar experienced selling pressure during President Trump’s State of the Union Address. Nevertheless, in relation to the majority of G10 currencies, it continues to operate within established ranges, a situation that could be bolstered by an active option expiration calendar, as we will elaborate on below. Two notable exceptions exist. The Japanese yen has Read More
The US dollar exhibits a modest strengthening against the majority of G10 currencies, yet remains largely within its recent trading ranges. The yen stands out as a significant exception. Beijing has declared the imposition of sanctions on additional Japanese firms associated with military connections and has placed others under surveillance, a move that will likely Read More
The US dollar is exhibiting a generally stronger performance, albeit subtly, as we approach a potentially volatile North American trading session. The focus extends beyond US data, which is abundant—featuring the PCE deflator, an initial glimpse at Q4 GDP, the preliminary February PMI, and the final February reading on consumer confidence from the University of Read More
