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.
743 total articles
UBS has revised its USD/ZAR outlook, forecasting continued appreciation of the South African rand through 2026. The bank points to higher precious metal prices, anticipated Federal Reserve rate cuts, resilient global growth and investor demand for non-U.S. assets as key supports. UBS has set a Q1 2026 target of 16.0 and consistent 15.8 targets for …
The U.S. dollar ticked slightly higher Wednesday as traders waited for the minutes from the Federal Reserve's latest policy meeting. The modest advance followed a run of constructive U.S. economic releases and was accompanied by heightened geopolitical and diplomatic news. Sterling gained marginally even after U.K. consumer inflation slowed to 3.0%…
Most Asian currencies traded in narrow ranges on subdued volume during Lunar New Year holidays, with the New Zealand dollar slipping after the RBNZ left its official cash rate unchanged at 2.25% and signalled an accommodative path as inflation eases. The US dollar inched higher, Japanese export data surprised to the upside, and market attention tur…
Bank of America projects the EUR/SEK exchange rate will finish 2026 at 10.50, reflecting continued appreciation of the Swedish krona since late 2025. The bank says risks are skewed to the downside, meaning the krona could strengthen beyond its base forecast, while noting specific technical resistance and support bands and scenarios that could rever…
Bank of America projects the EUR/NOK currency pair will keep trending lower over the coming 12 months, even if brief recoveries occur. The bank points to recent, rapid strength in the krone versus its March 2026 forecast and identifies near-term technical levels to watch, while warning of several macro risks that could alter the outlook.
Bank of America analysts said the Pakistani rupee is unlikely to move significantly in either direction in the near term. They cite a balanced current account and a real effective exchange rate that is stable and close to historical averages, signalling no clear overvaluation. Authorities' apparent pro-growth policy bias is expected to keep the nom…
UBS says the Swedish krona has strengthened roughly 4% on a trade-weighted basis since November 2025, pushing EUR/SEK toward multi-year lows. The bank expects a near-term rebound in EUR/SEK toward 10.80 before the euro resumes weakening against the krona, and it forecasts EUR/SEK at 10.50 by end-2026, while flagging limited scope for further immedi…
The U.S. dollar nudged higher Tuesday as U.S. markets reopened after a holiday, with investors positioning ahead of a string of domestic economic releases including Federal Reserve minutes and the PCE price index. Sterling fell after U.K. labor-market data showed rising unemployment and slowing pay growth. Other currencies saw muted moves as Asian …
Most Asian currencies eased Tuesday as trading volumes were light across the region for Lunar New Year holidays and the dollar gained modestly ahead of a succession of U.S. economic releases, including Federal Reserve minutes and the key December PCE inflation reading later in the week. Major pairs showed mixed moves with the yen and some offshore …
Goldman Sachs continues to project Sterling underperformance for the year even as recent UK growth and activity indicators have shown resilience. The bank says broader drivers including global risk sentiment, regional macro themes and currency valuations inform its view, but recent GBP moves have been driven mainly by domestic developments. Goldman…
Goldman Sachs has raised its euro outlook, forecasting additional gains for the currency over coming months even as EUR/USD trades close to the bank's three-month target of 1.18. The firm points to a continued relationship between EUR/USD and the broader Dollar index, expects the euro to benefit from a weakening dollar rather than lead moves as it …
The U.S. dollar eked out only minor gains Monday in light, holiday-affected trading after U.S. inflation came in softer than expected, reinforcing expectations for interest-rate cuts later in the year. Liquidity remained thin with several major markets closed. The Japanese yen slipped after fourth-quarter GDP data showed much weaker growth than for…
Most Asian currencies traded in narrow bands amid low holiday volumes as the dollar remained relatively unchanged following mixed U.S. consumer inflation data. The Japanese yen weakened after fourth-quarter GDP unexpectedly disappointed, led by weak business investment and soft exports and consumption. Market attention now shifts to a busy U.S. dat…
The U.S. dollar is trading marginally higher intraday but is poised for a weekly loss, while Bank of America Securities reports investor underweight positioning in the dollar at levels not seen in its sample going back to January 2012. The bank's Feb. 13 note says the nomination of Kevin Warsh reduced worries over Fed independence but did not trans…
Bank of America's recent FX and rates sentiment survey shows investor positioning in the U.S. dollar has fallen to the lowest levels recorded in the bank's sample. The survey of 42 fund managers overseeing $702 billion conducted 6-11 February finds growing bearish exposure to the dollar, rising short-USD crowded trades, and expectations that the do…
The U.S. dollar inched up on Friday but was largely constrained as markets awaited the January consumer price index, a key input for the Federal Reserve's rate outlook. The Dollar Index was slightly higher intraday yet poised for a roughly 0.6% weekly drop. Traders are watching for any upside surprises in inflation after a pattern of stronger-than-…
Most Asian currencies eased on Friday while the U.S. dollar found some footing ahead of U.S. consumer inflation data for January. Despite the one-day softness, regional currencies were positioned to end the week with gains, led by the Japanese yen after renewed speculation about official intervention. Other notable moves included a rally in the Aus…
The U.S. dollar slipped modestly on Thursday and was poised for a weekly decline despite a stronger-than-expected January payrolls report. The Dollar Index fell 0.1% to 96.700 at 04:30 ET (09:30 GMT), putting it on track for about a 1% loss on the week. Investors pared back expectations for Federal Reserve rate cuts after the jobs data, but the cur…
World Liberty Financial, a crypto venture associated with the Trump family, announced plans to launch World Swap, a foreign exchange and remittance platform that aims to connect users directly to debit cards and bank accounts worldwide and to settle cross-currency transfers at significantly lower fees. Company co-founder Zak Folkman disclosed the r…
Most Asian currencies strengthened on Thursday as chatter about possible Japanese intervention pushed the yen higher and Reserve Bank of Australia comments boosted the Australian dollar. The dollar received only temporary support from stronger-than-expected U.S. nonfarm payrolls, leaving the greenback stalled ahead of U.S. inflation data.
Proposed changes to Pakistan’s electricity tariffs, which would end the practice of industrial consumers subsidising residential bills, are expected to reduce costs for industry while raising household power bills and adding upward pressure to inflation. Analysts estimate a 1.1 percentage point rise in inflation over 12 months, a 13-15% drop in ind…
CIBC Economics argues the sharp US dollar decline in late January reflected a cluster of short-lived, unrelated events and heavy speculative positioning rather than a structural loss of value for the greenback. As those episodic drivers unwind, the bank expects the dollar to find a floor near DXY 98.50 and to weaken gradually through the first half…
The Australian dollar surged to its strongest level in three years after Reserve Bank of Australia Deputy Governor Andrew Hauser warned that inflationary pressures remain persistent and that the central bank would not hesitate to raise rates again if required. The move was supported by a softer U.S. dollar ahead of critical U.S. jobs data, and come…
The yen sustained gains on Wednesday, supported by a rally in Japanese equities and investor expectations that Prime Minister Sanae Takaichi’s decisive election victory could lead to more fiscally cautious policies. The dollar showed signs of fragility ahead of the U.S. non-farm payrolls report, following weaker U.S. retail sales and a slowdown in …
A strategist at State Street cautions that the U.S. dollar could fall by as much as 10% this year if the Federal Reserve reduces interest rates more aggressively than current market expectations once a new chair assumes office. The forecast rests on the view that deeper cuts would lower the cost for foreign investors to hedge U.S. exposures, increa…
