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.
624 total articles
Currency strategists surveyed between Jan. 30 and Feb. 4 expect the recent U.S. dollar recovery to be temporary. While a nomination to lead the Federal Reserve trimmed some dollar losses, the overarching view is that the dollar will remain choppy near term and then gradually weaken later in the year as markets cling to expectations for rate cuts an…
Bank of America has reduced its end-Q3 and end-Q4 forecasts for USD/CNY from 6.8 to 6.7, pointing to renewed momentum in the Chinese yuan underpinned by robust export performance and firmer policy signals. The bank outlines four themes shaping foreign exchange dynamics, highlights spillover effects to emerging market currencies, flags risks in EUR/…
The U.S. dollar steadied after a sharp recovery from recent four-year lows, with the Dollar Index trading slightly lower at 97.245 early Wednesday but remaining more than 1% higher on the week. Markets are parsing the implications of Kevin Warsh's nomination to lead the Federal Reserve and are awaiting U.S. and eurozone economic releases, including…
Most Asian currencies traded in narrow bands as the dollar steadied following a recent rebound, while the Japanese yen weakened further ahead of a snap lower-house election. Investors are parsing the implications of a U.S. Fed chair nominee and awaiting key U.S. payrolls data, even as regional central bank moves and a U.S.-India trade deal influenc…
Billionaire investor Ken Griffin told an audience in West Palm Beach that the U.S. dollar has lost some of its shine over the past year, attributing the decline to policy uncertainty and political rhetoric. He urged greater fiscal discipline, commented on the labor market and artificial intelligence, and weighed in on Federal Reserve leadership and…
The U.S. dollar pared some of its earlier gains but remains weaker over medium horizons, with analysts at Bank of America Securities saying renewed, sustained dollar declines will likely require further guidance from the Federal Reserve - particularly on interest-rate policy and balance-sheet plans under the next chair. Market moves followed the no…
Bank of America has raised its fourth-quarter 2026 AUD/USD forecast to 0.73 following a recent Reserve Bank of Australia rate increase that has left Australian policy rates higher than U.S. Federal Reserve rates. The bank cited rising commodity prices and an anticipated weakening of the U.S. dollar versus Asian currencies as key supports, while fla…
U.S. authorities are assessing whether certain cryptocurrency platforms have been used to help Iranian state-linked actors and others evade sanctions, as blockchain firms record a surge in crypto flows connected to Iran. Estimates from multiple analytics firms point to billions of dollars in on-chain activity in recent years, with disagreement over…
Bank of America’s quantitative indicators have moved to a bearish reading on the EUR/GBP currency pair, with technical models highlighting a break below the 200-day simple moving average as a catalyst to push the pair toward the 0.85 level. Option flow shows increased put activity in EUR/GBP ahead of central bank meetings scheduled for this week, w…
The U.S. dollar eased marginally on Tuesday but retained the bulk of gains earned in recent sessions after a high-profile Fed nomination shifted expectations for U.S. policy. Economic data and political developments - including a strong ISM manufacturing report and a partial U.S. government shutdown that delayed jobs releases - helped shape moves a…
Most Asian currencies firmed on Tuesday as the Indian rupee posted a sharp rebound following a U.S.-India trade announcement. The Australian dollar ticked higher ahead of a widely anticipated Reserve Bank of Australia rate increase, while broader regional currencies showed tentative gains despite recent pressure from a stronger dollar.
The Indian rupee jumped in early Tuesday trading following an announcement of a bilateral trade agreement between New Delhi and Washington that reduces U.S. tariffs on Indian goods. The currency fell sharply against the dollar - reaching 90.128 per dollar, its strongest level since mid-January - as markets reacted to the tariff cut, while questions…
Apollo Management chief economist Torsten Slok warned that the yen carry trade may be vulnerable to a swift reversal after speculative futures positions moved sharply. While futures positioning has become less bearish, Bank for International Settlements data show that yen lending to offshore financial centers and non-bank borrowers remains elevated…
The U.S. dollar advanced Monday, building on a strong rebound seen at the end of last week after President Donald Trump nominated Kevin Warsh for the Federal Reserve chair. The Dollar Index rose to 97.010 at 04:30 ET (09:30 GMT) after a 1% jump on Friday. Investors are parsing Warsh's record on rate policy and balance-sheet expansion while looking …
Most Asian currencies traded in narrow ranges as the dollar gained following U.S. President Donald Trump’s nomination of Kevin Warsh for Federal Reserve chair. The yen weakened after comments from Japan’s Prime Minister Sanae Takaichi appeared to downplay the prospect of currency intervention, while other regional currencies showed limited movement…
Bitcoin declined more than 6% to under $79,000 on Saturday as the U.S. dollar strengthened following the selection of Kevin Warsh as the next Federal Reserve chair. Ether fell almost 12% as cryptocurrencies remain directionless after a broad pullback last year, while gold and stocks have staged stronger rallies.
The U.S. dollar has weakened markedly year-to-date amid a string of political and geopolitical developments, but UBS cautions investors against assuming the decline will continue unchecked. While the Dollar Index has fallen roughly 1.5% this year and EUR/USD has climbed about 1.4%, UBS highlights that stronger U.S. labor data and rising growth expe…
Morgan Stanley forecasts the euro-dollar rate to climb to 1.23 in the second quarter of 2026, attributing recent dollar weakness to atypical catalysts rather than interest-rate gaps. The bank cautions that while a firmer euro boosts European asset returns in constant currency terms, it will weigh on local earnings through translation effects, reduc…
Japan did not execute foreign exchange intervention between December 29 and January 28, according to Ministry of Finance figures, leaving currency-stabilizing actions confined to verbal warnings and reported rate checks after a volatile late-January episode that briefly lifted the yen. Money market flows did not show the large outflows typical of d…
The U.S. dollar climbed modestly Friday after growing expectations that Kevin Warsh could be nominated as the next Federal Reserve chair, but the currency remained set for a second consecutive weekly fall as market nerves around the Trump administration’s shifting policy signals and geopolitical moves weighed on demand for the greenback.
Most Asian currencies traded in narrow ranges on Friday as the U.S. dollar recovered from near four-year lows following news that U.S. President Donald Trump would announce his nominee for Federal Reserve chair. Regional currencies have posted sizable gains for January, led by the Australian dollar amid growing expectations of an interest-rate rise…
The U.S. Treasury said it is broadening the scope of its currency surveillance to examine whether countries smooth exchange-rate moves to resist depreciation as well as appreciation. In its semi-annual currency report, covering the second half of 2024 and the first half of 2025, the department found that no major trading partner met all three statu…
European Central Bank Executive Board member Piero Cipollone said Europe needs a digital euro to curb growing dependence on payment systems based outside the continent. Cipollone argued the initiative is driven by the ECB's mandate to ensure functioning payment systems and outlined a tentative timeline that could see pilot testing begin in 2027 and…
The Indian rupee weakened to a fresh record low against the U.S. dollar as demand for dollars linked to maturing non-deliverable forward positions and corporate hedging pushed the pair higher. The currency closed at 91.9550 per dollar after trading down 0.2%, with an intraday low of 91.9850. The Reserve Bank of India is reported to have stepped in …
The U.S. dollar remained weak on Thursday, trading near its lowest levels in four years after the Federal Reserve left interest rates unchanged at 3.75%. Market reaction reflected a combination of the Fed's relatively upbeat assessment of the economy, lingering questions about central bank independence and discussions of possible coordinated action…
