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
Several large foreign-exchange option contracts totalling billions of dollars are scheduled to expire on Wednesday, concentrated across major pairs including EUR/USD, USD/JPY, USD/CAD and GBP/USD. The Depository Trust & Clearing Corporation data show multiple strikes with substantial notional amounts, and further sizeable expiries are scheduled for…
Sterling traded little changed near levels not seen since mid-June while the euro edged lower, as a sparse U.S. data calendar and measured Federal Reserve commentary left the dollar range-bound ahead of the release of FOMC minutes. Market participants are watching for any dovish tilt in the minutes, while domestic U.K. housing data and political de…
Citi attributes recent selling of the yen to strong Japanese equity prices that prompt rebalancing and hedging flows from both domestic and foreign investors. The bank says only earlier monetary tightening by the Bank of Japan or direct yen purchases by the Ministry of Finance would halt the currency's decline, and it identifies ¥165 per dollar as …
Euro zone government bond yields moved higher on Tuesday as a sharp pickup in regional investor confidence and mounting fiscal supply worries in Germany weakened demand for safe-haven sovereign debt. Germany's benchmark 10-year bund yield rose to 2.948% in early European trading while the two-year rate, which tracks ECB rate expectations, climbed t…
Most Asian currencies traded in narrow ranges as the dollar steadied ahead of Federal Reserve minutes that could offer further guidance on U.S. interest rates. The Japanese yen showed modest strength after wages rose for a fifth consecutive month in May, yet it stayed near lows last seen four decades ago, keeping intervention risk in focus. Broader…
The South African rand was largely unchanged against the U.S. dollar on Monday as market participants awaited the Federal Reserve's minutes due later this week for additional signals on interest-rate policy. With limited domestic releases scheduled, the currency's moves reflected external developments, including remarks from Fed Chair Kevin Warsh a…
On Monday the Bank of Israel trimmed its benchmark interest rate to 3.50% from 3.75%, marking a second consecutive reduction and returning policy rates to levels not seen since late 2022. The move matched the median projection in a Bloomberg survey and reflected the central bank's assessment that a strong shekel and moderate inflation expectations …
Sterling traded close to flat on Monday while the euro weakened more notably, as traders positioned for Wednesday’s Federal Reserve minutes - the first under Chair Kevin Warsh. The dollar is drawing support from expectations of higher U.S. rates rather than any single economic release, and market attention is focused on whether the Fed’s minutes wi…
Taiwan's central bank intervened in the foreign exchange market during June, the monetary authority said, as reserves fell to $597.15 billion at month-end. The bank attributed the decline to a mix of investment gains, intervention operations and exchange-rate shifts versus the U.S. dollar, and noted that net foreign exchange sales in the first quar…
Eurozone government bond yields largely stabilized on Monday. Germany’s 10-year Bund retreated slightly from a two-week high, the 2-year note was unchanged, and markets showed caution ahead of U.S. Federal Reserve minutes and a string of European economic releases and central bank remarks. Falling Brent crude and softer-than-expected Eurozone infla…
Most Asian currencies eased on Monday, with the Japanese yen remaining close to its weakest levels in around 40 years and keeping intervention risk front and center. The dollar recovered modestly after retreating from 13-month highs last week, when softer U.S. payroll data prompted questions about how far the Federal Reserve can raise interest rate…
South Korea has extended onshore trading hours for the won against the U.S. dollar to operate nearly around the clock. The change is part of a broader package of market reforms intended to make the local foreign exchange market more accessible to overseas investors and to strengthen Seoul's bid for inclusion in MSCI's Developed Markets Index.
Sterling and the euro rose on Friday after a weaker U.S. payrolls report sent the dollar lower. GBP/USD traded near $1.3360 and EUR/USD pushed to around $1.1455 as investors reassessed expectations for Federal Reserve tightening. Market participants are watching upcoming Fed commentary and a slate of U.S. economic releases ahead of the July 14 cons…
Germany's two-year government yield rose modestly to 2.51% after plunging to its lowest level since mid-April in a sharp rally. The broader bond market has stabilised following a pronounced slowdown in U.S. payroll growth, cooler-than-expected euro zone inflation for June and signs of reduced energy-driven inflationary pressure amid diplomatic prog…
Most Asian currencies gained modestly after the U.S. dollar weakened following softer-than-expected nonfarm payrolls data, while the Japanese yen steadied amid renewed speculation of intervention by Tokyo. Gains were capped by lingering concerns over U.S. rate trajectories, low trading volumes on a U.S. market holiday, and cautious sentiment around…
The Canadian dollar firmed to its strongest level in 10 days versus the US dollar on Thursday after US employment figures signaled a slowing labor market and Canada posted modest manufacturing expansion. The move reflected a reduction in near-term Fed rate-hike expectations and a modest uptick in Canadian production and employment within the factor…
The South African rand strengthened on Thursday after the U.S. dollar weakened following softer-than-expected U.S. employment data. Risk-sensitive assets gained as oil prices eased on reports of diplomatic progress over the Strait of Hormuz, while South Africa's main equity index rose.Market moves reflected a global reaction to U.S. macro data and …
The pound rose to a two-week high and the euro recovered from one-year lows as the dollar eased following a Sintra panel where new Fed Chair Kevin Warsh offered no fresh hawkish signals. Traders now await U.S. June non-farm payrolls, with consensus above 115,000 and a whisper number near 140,000, while ING analysts attribute sterling's rally mainly…
Citi reports that EUR/GBP has fallen beneath the 0.86 threshold in a technical breakdown. The bank points to the absence of sustained overseas buying of UK gilts, as indicated by its Real Money flows, and warns that option skew may be shifting in favour of EUR/GBP puts. Citi views gilt flows as the primary determinant of the pair's direction and sa…
UBS expects the Monetary Authority of Singapore (MAS) to keep monetary policy unchanged at its July meeting but forecasts a tightening move in October as inflation is expected to pick up in the months ahead. The bank leaves its USD/SGD exchange-rate projections unchanged across the next year and recommends a tactical approach for SGD-based portfoli…
Euro-zone sovereign bond yields rose modestly on Thursday after central bankers at the European Central Bank's annual Sintra forum delivered cautious, hawkish messaging that reduced market expectations for early rate cuts. Germany's 10-year Bund yield moved up to 2.95% from recent multi-month lows, and the two-year yield firmed to 2.53%. Officials …
South Korea's vice finance chief said Seoul is in active communication with Japan and other major partners on foreign exchange, warning that the won is substantially misaligned with economic fundamentals. Officials declined to detail any intervention plans but said measures are ready if illiquidity produces excessive swings as the dollar-won market…
U.S. air shipments of physical U.S. dollars to Iraq have resumed, two aides to Iraq's prime minister told the New York Times. The move comes after Washington halted a roughly $500 million cash transfer in April and suspended portions of its security cooperation with Baghdad. Those suspensions remain in effect, and U.S. government departments did no…
Most Asian currencies traded with little movement as the dollar remained close to its strongest levels in over a year. Markets are focused on U.S. nonfarm payrolls for further guidance on monetary policy after hawkish comments from the Federal Reserve chair heightened expectations of at least one rate increase this year. Country-specific moves incl…
Bank of America has closed a short EUR/GBP position opened in May, taking a 0.60% euro gain as the pair approached the 0.86 area. The trade was implemented via a three-month zero-premium risk reversal and was closed because rising political uncertainty in the U.K. reduced the near-term risk/reward. Despite the exit, the bank retains a medium-term v…
