Foreign exchange markets and global currency movements.
Coverage of currency markets including major pairs, central bank actions, interest-rate differentials, and geopolitical influences. This section highlights trends in FX markets that impact global trade, inflation, and cross-asset correlations.
823 total articles
The dollar eased modestly on Friday after expectations of weaker-than-anticipated US payrolls reduced near-term rate-hike anxiety. A surprise rise in Tokyo consumer prices lifted the Japanese yen and supported bets on further Bank of Japan tightening, while a sharp jump in euro zone headline inflation maintained pressure on the European Central Ban…
U.S. Treasury yields shifted after a much softer-than-expected September jobs report, with intermediate maturities rallying as markets dialed back expectations for near-term Federal Reserve tightening. French 10-year yields hovered near levels last seen in 2002 amid investor concern over Paris's budget plans, while German 10-year Bunds fell to one-…
Citi retains its 0-3 month EUR/USD forecast at 1.1350 driven by medium-term growth and interest-rate differentials, while highlighting a tactical downside scenario that could push the euro-dollar exchange rate toward 1.0850 if relative rates remain unchanged and peripheral bond spreads widen alongside selling from European banks.
Sterling and the euro edged lower amid a global sell-off in long-dated bonds that pushed U.S. and U.K. yields to multi-decade highs and kept the dollar near its strongest levels of the year. Traders await U.S. labour market readings and a series of central bank speakers as market participants reassess the path for policy.
The U.S. dollar closed in on its best month since June amid Fed rate hikes, surging Treasury yields and safe-haven flows tied to higher oil prices. Incoming U.S. inflation data and payroll indicators trimmed the market's odds of another rate increase in October. The Japanese yen and Australian dollar moved independently: the yen received interventi…
The South African rand strengthened on Wednesday, trading at 16.3250 against the US dollar at 14:32 GMT after markets absorbed several month-end data releases. August figures from the South African Reserve Bank showed higher M3 money supply growth and a rise in private sector credit. Producer price growth slowed and the trade surplus exceeded expec…
Deutsche Bank expects the euro to remain within this year’s 1.13-1.20 EUR/USD trading range and keeps a 1.17 year-end forecast. The bank points to resilient global growth led by capital spending in AI and strategic autonomy, signs of economic strength in several regions, a completed view of Fed terminal pricing and a market that appears to be prici…
Mexico's peso has surrendered the gains it accumulated in 2026 within a matter of weeks after a 6% appreciation through the first eight months of the year. The currency traded above 18 per U.S. dollar on Tuesday, reversing from a recent peak of 16.8520 per dollar reached in early September. Analysts attribute the move primarily to profit-taking, wh…
Wells Fargo Investment Institute revised its currency forecasts on Tuesday, projecting continued U.S. dollar appreciation through the end of 2027. The firm narrowed its euro/dollar range lower, raised its dollar/yen target, and lifted its U.S. dollar index projection, citing expectations for additional Federal Reserve tightening, recent inflation s…
The pound and the euro weakened on Tuesday as stalled U.S.-Iran negotiations pushed Brent crude toward $107 a barrel, reinforcing demand for the dollar. GBP/USD and EUR/USD slipped in early trading, while market pricing of Fed and ECB moves, UK retail inflation data and elevated swap spreads added nuance to the outlook for currencies and risk asset…
Global government bond yields stayed close to long-run peaks as energy market tensions and a string of hawkish central bank signals kept borrowing costs elevated. U.S. Treasuries held near multi-year highs after a crude oil surge linked to geopolitical developments, while Australian 10-year yields retreated following a Reserve Bank of Australia rat…
The U.S. dollar remained near a two-month high as markets digested softer oil, a partial easing in Treasury bond selling and comments from a Fed policymaker that tempered expectations of imminent rate hikes. The Australian dollar slipped to multi-week lows despite an RBA rate increase, while the pound hovered close to its weakest level since late J…
The Canadian dollar weakened against the U.S. dollar on Monday, with USD/CAD trading near C$1.4150 as a widening two-year Canada-U.S. yield spread and retreating oil prices removed support for the loonie. The currency has now recorded its third consecutive weekly drop and has surrendered much of September's earlier gains.
Sterling made modest advances on Monday even as the euro wavered, with traders focusing on a slate of U.S. labour and inflation releases that could determine whether the recent dollar rally persists. Short-term valuation signals and central bank expectations from ING economists shaped market commentary, while oil, gilt yields and euro-area inflatio…
U.S. Treasury yields rose again on Monday, continuing a sustained advance that has driven benchmark borrowing costs to levels not seen in decades. The 10-year yield approached its highest reading since July 2007, the 30-year climbed nearer multi-decade highs and the two-year remained elevated as markets price in a prolonged period of higher interes…
The U.S. dollar remained near a two-month high as a sharp rebound in U.S. bond yields and growing expectations for further Federal Reserve tightening underpinned the currency. Rising oil prices and geopolitical friction involving Iran added to market jitters ahead of key U.S. inflation and jobs releases this week.
U.S. Treasury yields rose again this week, with the 10-year benchmark marking a fourth straight weekly gain. Higher oil prices, a shift toward more hawkish Federal Reserve rate expectations, and large-scale corporate debt issuance to finance artificial intelligence projects combined to push yields up from the short to the ultra-long end of the curv…
Citi expects the Japanese yen to gain ground against the U.S. dollar through the end of 2027, a shift the bank attributes to a reduction in overseas investment by Japanese institutions and improving domestic supply-demand dynamics for the currency. The bank also sets a long-term ceiling for the USD/JPY pair and offers year-end targets for the next …
Sterling traded marginally higher while the euro also edged up as a broad-based dollar rally was reinforced by a global bond sell-off and strength in energy prices. Market positioning and rising short-term yields left the dollar consolidated near recent gains, with U.S. economic data the key near-term catalyst for further movement. Eurozone soverei…
UBS Switzerland AG continues to regard the Norwegian krone as the most compelling carry opportunity within the G10, citing a hawkish Norges Bank and Norway's position as a net energy exporter. The bank left its EURNOK quarter-end forecasts unchanged through September 2027 and highlighted both technical levels and principal risks to its outlook.
The National Bank of Hungary (NBH) signalled that continued appreciation of the forint is a central element of its strategy to reach a revised consumer price index target, according to Bank of America analysis. The NBH said nominal exchange-rate gains could help counter persistent services inflation differentials versus the euro area driven by rapi…
Euro-zone government bond yields climbed across the curve on Thursday as unexpectedly strong business activity readings in the euro area and the United States intensified concerns that major central banks will maintain tighter monetary policy for longer. Germany's 10-year Bund yield rose to 3.549%, while the two-year Schatz hit 3.303%, its highest …
The pound and euro made marginal gains Thursday as the recent dollar advance showed early signs of tiring, even while the U.S. 10-year Treasury yield remained close to its highest level since 2007. GBP/USD traded at 1.3248 and EUR/USD at 1.1394 as markets weighed the resilience of U.S. yields, comments from ING strategists and a slate of Federal Re…
The U.S. dollar rose for a fourth consecutive session and remained close to a near two-month high as oil prices rebounded and U.S. government bond yields advanced. Markets digested renewed geopolitical tensions between Washington and Tehran, fresh data showing stronger U.S. business activity, and shifting odds that the Federal Reserve will raise ra…
Most Asian currencies traded in a narrow range while the U.S. dollar strengthened modestly as easing oil prices were offset by caution ahead of a high-profile U.S.-China summit. A holiday in Japan kept regional volumes light, the Australian dollar lagged after disappointing PMI data, and attention turned to discussions between Presidents Xi and Tru…
