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.
450 total articles
UBS identifies month-end rebalancing by Swiss investors and a deteriorating stance from the Swiss National Bank as contributors to recent franc weakness versus the U.S. dollar. The bank expects those timing-sensitive flows to wane, keeps a bullish view on the franc and reiterates an end-Q2 EUR/CHF target of 0.90, while noting changes in the real ef…
UBS has raised its short-term outlook for the euro against the krona, targeting EUR/SEK at 11.20 by the end of the second quarter and advising long positions. The move follows Sweden's flash March inflation print for CPIF excluding energy of 1.1% year-over-year, which fell short of both the Riksbank and market consensus of 1.5%. UBS projects furthe…
Sterling softened on Thursday, trading around $1.3392 after signs that a ceasefire involving Iran may be fragile lifted demand for the U.S. dollar and curtailed earlier risk-driven gains. Markets remain caught between optimism tied to reports of negotiations and reopening of the Strait of Hormuz, and the renewed caution that follows indications the…
Most Asian currencies held largely steady on Thursday following sharp gains a day earlier, as traders weighed whether a recently announced U.S.-Iran ceasefire could hold amid renewed military activity in the region. The dollar eased slightly, oil rebounded, and attention shifted to upcoming U.S. inflation data for signals on Federal Reserve policy.
The U.S. dollar steadied in early trading after a broad decline, as market participants weighed a fragile two-week ceasefire between the United States and Iran. Key currency pairs moved marginally, while shipping through the Strait of Hormuz remained restricted and regional fighting in Lebanon continued to cast doubt on the truce's durability. Oil …
Sterling remained firm near $1.3432 on Wednesday, extending a 1.26% rise from the prior session after Iran announced a two-week ceasefire and agreed to safe passage through the Strait of Hormuz. The development triggered a broad risk-on response, pressuring the dollar, lifting equities, and steepening yield curves. Market participants have started …
Bank of America remains constructive on cross-yen pairs, highlighting a preference for the Australian dollar against the Japanese yen. The firm's commodities team projects an average Brent price of $92 per barrel in 2026, assuming the Iran-related conflict ends in April, and notes that higher oil prices and lower volatility are likely to weigh on t…
Most Asian currencies strengthened on Wednesday as the U.S. dollar weakened and risk appetite improved after U.S. President Donald Trump agreed to a temporary ceasefire with Iran. The move eased worries about disruptions to shipping through the Strait of Hormuz and helped push several regional pairs lower against the greenback. New Zealand’s centra…
At the opening of Asian trade, the U.S. dollar weakened to a two-week low and a range of currencies strengthened after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran. The announcement, made shortly before a deadline tied to the Strait of Hormuz, pushed markets into a risk-on stance and coincided with gains in major…
Bank of America strategists maintain a near-term bearish stance on the euro, projecting EUR/USD at 1.14 by the end of the second quarter. The team cites the ongoing Iran conflict and sustained high energy prices as drivers of upward inflation pressure in the euro area, prompting revisions to CPI forecasts and changing expectations for ECB and Fed p…
Sterling weakened against the dollar on Tuesday, trading near $1.3234 by 03:50 ET and extending recent declines amid elevated demand for the U.S. currency driven by geopolitical uncertainty and supportive domestic data. Markets await a White House deadline linked to the U.S.-Iran situation, minutes from the Federal Open Market Committee and March i…
Most Asian currencies and the U.S. dollar held near recent levels as market participants adopted a cautious stance ahead of a U.S. deadline for possible strikes on Iran. The U.S. Dollar Index and futures inched higher during Asian trading while individual Asian pairs showed only modest moves. Investors are also awaiting a Reserve Bank of India rate…
The U.S. dollar remained close to recently reached highs as traders awaited a U.S.-set deadline for Iran to permit shipping in the Persian Gulf or face strikes on its infrastructure. Disruption at the Strait of Hormuz and conflict in the Middle East have pushed energy prices higher and encouraged demand for the dollar as a safe haven. Market partic…
Asian currencies lacked a clear direction on Monday as investors weighed elevated Middle East geopolitical risk against reports of nascent ceasefire diplomacy. The U.S. dollar held firm, with the U.S. Dollar Index and futures edging up, while individual Asian pairs displayed mixed moves influenced by oil prices and domestic policy calendars.
Goldman Sachs projects ongoing pressure on the New Zealand dollar as the Reserve Bank of New Zealand adopts a dovish posture ahead of its upcoming policy meeting. RBNZ Governor Breman indicated the bank will 'look through' first-round effects from higher oil prices, while domestic slack and a softening labour market reduce the likelihood of second-…
Goldman Sachs identifies the Canadian dollar as one of the stronger G10 currencies since the onset of the energy shock, attributing the move to Canada’s sensitivity to oil price swings and the currency’s close link with the U.S. dollar. The bank expects the Canadian dollar to maintain relative outperformance in the near term while noting potential …
Goldman Sachs anticipates a strengthening of the Swiss franc against the euro, pointing to mounting inflation pressures that may reduce the Swiss National Bank's inclination to intervene in currency markets. While recent SNB actions and a weaker franc in March have tempered haven flows, Goldman highlights data showing build-up in inflationary force…
Asian currencies traded in narrow ranges on Friday as investors remained cautious amid heightened tensions in the Middle East and reduced market liquidity for the Good Friday holiday. The U.S. dollar held steady after a prior session gain, while policy steps from the Reserve Bank of India helped the rupee recover some ground during the week. Market…
The pound fell roughly 0.7% to trade near $1.3212 as of 04:05 ET (08:05 GMT) after a fresh escalation in the Middle East supported the dollar. Bank of England Governor Andrew Bailey's warning that markets may be "getting ahead of themselves" on expectations for multiple rate hikes this year added pressure on sterling. The euro also retreated and oi…
President Donald Trump’s declaration that U.S. forces would continue strikes in Iran for another two to three weeks has intensified investor concern that the Middle East conflict will be protracted. Markets reacted sharply: global equities and bonds fell, Brent crude jumped, and the U.S. dollar firmed as traders moved into safe-haven assets and awa…
India’s central bank late on Wednesday barred banks from offering rupee non-deliverable forwards (NDFs) to both resident and non-resident clients, a step intended to stop a recent surge in corporate-driven arbitrage. That decision removes a liquidity channel banks had used to unwind arbitrage exposures, increasing the cost and difficulty of meeting…
Most Asian currencies weakened on Thursday as the U.S. dollar regained ground following President Donald Trump’s remarks indicating an intensification of military action against Iran over the next two to three weeks. The shift back to safe-haven assets coincided with a rebound in oil prices and reinforced concerns about inflation and central bank p…
ING warns the British pound may be repriced more dovishly than the euro amid a widening economic hit from the Middle East energy shock and softer Bank of England rhetoric. Markets moved EUR/GBP higher and saw the pound firm against the dollar as traders digested central bank pricing, geopolitical developments and sharp energy price moves.
Bank of America says that the scope for further yen weakness against commodity-linked currencies is constrained by elevated foreign exchange volatility. The bank favors AUD/JPY as its preferred trade and highlights FX intervention risk that makes USD/JPY at ¥157 a more attractive level to sell the yen. It also recommends fading market pricing that …
Most Asian currencies held onto gains on Wednesday as the U.S. dollar softened and risk sentiment improved following comments from U.S. leadership about a potential near-term end to the military campaign involving Iran. Markets reacted cautiously, however, after reports suggested a U.S. exit might leave strategic chokepoints such as the Strait of H…
