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 South African rand was largely unchanged on Tuesday, trading at 16.23 to the U.S. dollar as heightened tensions in the Middle East and a drop in gold prices exerted downward pressure. Market participants awaited July inflation data due on Wednesday, with economists forecasting a decline in the annual rate to 4.5% from June's 5.0%. Business conf…
Bank of America expects the euro to depreciate versus the U.S. dollar through the end of the third quarter, citing firmer U.S. economic readings and a more hawkish Federal Reserve stance. The bank also notes that near-term higher oil prices should bolster the dollar, while a subsequent fall in oil and full market pricing of Fed rate steps could rev…
Bank of America recommends selling the Australian dollar against the New Zealand dollar, pointing to an expected split in monetary policy cycles between the Reserve Bank of Australia and the Reserve Bank of New Zealand and to migration trends that could weigh on the AUD/NZD exchange rate. The bank's prior tactical trade calls and research notes fra…
Sterling and the euro moved lower against a firmer dollar on Tuesday as climbing energy costs and higher long-dated U.S. yields provided the greenback with broad support. GBP/USD traded near 1.3529 and EUR/USD hovered around 1.1573 as market participants awaited U.S. producer inflation, jobs data and the Federal Reserve minutes later in the week. A…
Asian currencies recorded small gains on Friday and the U.S. dollar retreated modestly after U.S. producer-price inflation came in softer than expected for July. The data, together with recent consumer price releases, reduced market odds of a Federal Reserve interest-rate increase in September. Moves in regional FX were limited by elevated oil pric…
The U.S. Dollar Index is trading near a seven-week low while USD/JPY has reversed sharply after touching a 40-year low at 163.99. Coordinated interventions by Japanese and South Korean authorities - and possibly the U.S. - along with changing expectations for Bank of Japan and Federal Reserve policy, have put fresh volatility into both the dollar a…
Sterling dipped slightly while the euro also slipped as the dollar held steady ahead of a key U.S. consumer inflation print that could influence Federal Reserve direction. Market attention centers on U.S. data releases including ADP private payrolls and existing home sales, while UK retail figures show weak non-food spending and stronger food sales…
German government bond yields climbed to their highest levels since early August after a renewed advance in Brent crude and a diplomatic impasse over Middle East shipping raised fresh inflation worries. Two-year yields led the move higher, while the 10-year benchmark also climbed, reversing the dovish momentum that had pushed yields down late last …
Reserve Bank of India Governor Sanjay Malhotra said BRICS nations are discussing possible linkages between their fast payment systems and central bank digital currencies as part of efforts to reduce cross-border payment costs. The RBI will continue work to internationalize the rupee and promote local-currency settlement, while urging lenders to inv…
The Canadian dollar remained close to an eight-week high against the U.S. dollar on Monday, trading at 1.3940 per U.S. dollar (71.74 U.S. cents), as oil prices rose sharply and fresh jobs data for July pointed to stronger-than-anticipated labour market performance in Canada. The currency moved in a narrow intraday band following a recent surge to i…
Sterling and the euro firmed on Monday as investors absorbed Friday’s disappointing U.S. payrolls data, which reinforced expectations that the Federal Reserve is likely to pause rate hikes through the end of the year. GBP/USD traded near $1.3503 and EUR/USD around $1.1565 as market attention turns to Wednesday’s U.S. CPI print, a key input in the l…
The South Korean won was the weakest major Asian currency on Monday as the U.S. dollar strengthened modestly ahead of key U.S. inflation data. The yen retreated after partially surrendering gains from recent coordinated yen-buying intervention, while other regional currencies showed mixed moves amid rising oil prices and upcoming central bank event…
The U.S. dollar weakened on Friday after a softer-than-expected July jobs report dented expectations for near-term Federal Reserve rate increases. The dollar index dropped, pushing the euro and pound higher against the greenback. Meanwhile, the Japanese yen largely kept the gains it secured after a rare joint intervention with U.S. authorities, lea…
A poll of 34 foreign exchange analysts finds the Canadian dollar is likely to hold near current levels in the short term and make modest gains over the next 12 months. Respondents expect USD-CAD to trade around 1.40 in three months and to strengthen to about 1.366 over a year, while citing fading market catalysts and a narrowing economic performanc…
Sterling eased slightly while the euro slipped, with both currencies trading cautiously ahead of Friday's U.S. non-farm payrolls report. The dollar remained relatively steady after hawkish comments from Federal Reserve officials, even as an Iran-Oman shipping deal and a drop in Brent crude to below $80 a barrel reduced near-term inflation concerns.
The Japanese yen held its ground on Wednesday after intervention efforts, with the dollar trading close to six-week lows as reduced safe-haven demand followed growing hopes for an end to the war in Iran. Tokyo and Washington conducted joint yen purchases last week, and U.S. officials vowed support for Japan's stabilization measures. Traders are wat…
Zimbabwe will retain a dual currency system rather than immediately phasing out the US dollar, Finance Secretary George Guvamatanga said, citing the need for stable inflation and exchange rates. The government introduced the ZiG in April 2024 and had planned to remove the dollar from everyday use by 2030, but will wait until economic indicators imp…
Most Asian currencies strengthened on Wednesday while the U.S. dollar hovered close to a six-week low. The Indian rupee extended gains after the Reserve Bank of India kept its benchmark repo rate unchanged at 5.25%, and broader regional currencies were supported by lower crude prices and reduced geopolitical risk premiums.
The Canadian dollar slid against the U.S. dollar after oil prices fell, even as Statistics Canada reported a four-year high trade surplus in June. Strong export volumes and a weaker loonie lifted the trade balance, while manufacturing activity accelerated in July. However, looming tariffs and soft international demand create uncertainty for future …
The Japanese yen softened on Tuesday, surrendering a small portion of the gains it registered after Tokyo and Washington disclosed a coordinated yen-buying intervention last week. Despite the retreat, the yen remains substantially stronger than the lows seen earlier this summer, and market commentary frames the joint action as a signal to reduce ag…
The South African rand gained as oil prices slipped, while the U.S. dollar weakened. Markets are now focused on a slate of U.S. employment reports this week that could affect Federal Reserve policy and, by extension, emerging market currencies including the rand. On the Johannesburg Stock Exchange, the Top-40 index ended higher.
U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to consider increasing the cap on the Foreign and International Monetary Authorities (FIMA) repo facility to provide broader short-term funding access for official foreign accounts. The request follows a rare coordinated U.S.-Japan intervention to buy yen and comes amid the yen’s slide…
The Japanese yen strengthened on Monday after Tokyo and Washington carried out coordinated yen-buying intervention last week. Japan's Finance Ministry confirmed the joint action and said authorities remain prepared to act again. Central bank data indicate Japan may have spent up to $36.58 billion in the latest operation, bringing total spending on …
The South African rand strengthened modestly on Monday, trading at 16.52 to the dollar and up 0.3% as of 1430 GMT, even as a purchasing managers' survey showed manufacturing sentiment deteriorated in July. The survey linked the decline to weak export demand and worries about renewed hostilities between the U.S. and Iran. Separately, vehicle sales r…
Bank of America identifies the 155 level in the USD/JPY exchange rate as a key inflection point that may shape future market behavior and the scale of any required FX intervention. The bank notes that intervention episodes in April and May left a perceived floor at 155, and that moves through that level - or toward widely watched 160 and 150 thresh…
