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.
770 total articles
The South African rand retreated on Tuesday after a purchasing managers' index survey showed a deterioration in manufacturing sentiment in August, while new vehicle sales growth moderated. The rand traded at 16.1375 to the dollar, about 0.2% weaker from the previous close as of 1259 GMT. Broader market moves included a firmer U.S. dollar index and …
Japan's 10-year government bond yield climbed to the 3% mark for the first time since 1996 amid a widespread global selloff in fixed income. Analysts attribute the move to a combination of higher inflation expectations, rising supply and a reassessment of central bank policy paths. A jump in Brent crude futures above $91 a barrel amid renewed Middl…
German government bond yields climbed sharply as remarks from Federal Reserve Chair Kevin Warsh prompted a broad selloff in U.S. Treasuries and a repricing of rate expectations. Short-dated German yields reached levels not seen since mid-2024 while the 10-year Bund touched highs last recorded in 2011. Money markets raised the odds of a U.S. 25-basi…
U.S. Treasury Secretary Scott Bessent arrives at a critical G20 meeting in Asheville aiming to steer discussions toward reducing global trade imbalances, accelerating growth and persuading peers to cut economic links with Iran. He faces resistance from members preoccupied with tariff disputes, surging energy costs due to the Iran war, and rising U.…
The Australian dollar rose to its strongest level in three months on Friday and was positioned for a notable weekly gain after July inflation data exceeded expectations. The monthly CPI surprised to the upside, lifting the RBA's preferred measure of underlying inflation and prompting markets to raise the probability of further Reserve Bank of Austr…
Euro-zone government bond yields reversed part of a recent sharp decline on Thursday, with German two-year and 10-year yields rising after touching recent lows. Comments from an ECB Executive Board member signaling the need for higher borrowing costs and a surprise improvement in German consumer sentiment weighed on bond demand. Stabilization in Br…
Citi reports that Japan's balance of payments saw its biggest improvement in yen supply and demand since 2019 during Q2 2026, driven by renewed foreign investment in Japanese equities. The bank says net yen buying has persisted since late last year, outbound portfolio flows remain weak, and the underlying supply-demand picture has clearly improved.…
Citi strategists judge that remarks by Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium are unlikely to reverse the recent dollar sell-off. They say the primary vulnerabilities to a continued dollar slide stem from valuation, market positioning and geopolitical risks rather than a substantive probability of a hawkish shock from Warsh…
RedotPay projects that global stablecoin card transactions will expand fourfold to $50 billion a year by 2028, a forecast the company released after stablecoin card spending surpassed $1 billion in July. The Hong Kong-based payments provider highlighted regional adoption, infrastructure factors and regulatory clarity as key contributors to the mome…
Global sovereign bond trading remained subdued on Monday as traders paused after consecutive weeks of selling and awaited further escalation in U.S. rhetoric toward Iran and key central bank guidance. German, French, Italian and Japanese benchmark yields were largely unchanged, while Brent crude eased about 1.5% to near $91.80 a barrel. Fixed-incom…
BCA Research advises investors to sell the U.S. dollar versus the South Korean won, Japanese yen, Taiwan dollar, Singapore dollar and euro. The call reflects expectations for lower U.S. core real yields, reduced foreign portfolio inflows into U.S. assets and the defensive support offered by current-account surpluses in those currencies.
Citi strategists interpret the recent joint market intervention by the United States and Japan as evidence of an informal currency cooperation that connects foreign-exchange policy with wider economic and national-security ties. The bank frames the move as coordinated policy action - not a monetary union - and notes it may bolster Japan's $550 bill…
Emerging-market currencies hit record highs on Friday and were poised for an eighth consecutive weekly advance as broad dollar weakness supported demand for risk-sensitive assets. A renewed rise in U.S. Treasury yields followed a brief government intervention, while concerns over U.S. fiscal dynamics and geopolitical tensions in the Gulf kept infla…
UBS expects the British pound to strengthen in coming months after stabilizing following robust gains in June and July. The bank points to a continued search for yield, elevated short sterling positions that could prompt further short-covering, and supportive economic data as reasons the pound may outperform the euro. UBS also flags UK politics and…
The U.S. dollar closed the week near three-month lows after a broad weekly decline, pressured by sustained fiscal concerns and a surprise Treasury intervention in long-dated debt markets. A temporary rally in long-term Treasuries following increased buybacks failed to hold, and investors remained cautious amid $40 trillion-plus U.S. debt figures. E…
The Canadian dollar strengthened to its highest level in almost three months against the U.S. dollar amid rising oil prices and ongoing Canada-U.S. trade negotiations. The currency traded slightly higher at 1.3790 per U.S. dollar, touching an intraday low of 1.3757 - its firmest since May 21. Market moves also reflected concerns about expanding U.S…
India’s Directorate General of Foreign Trade has amended the Foreign Trade Policy to permit export contracts, invoices and payments with most countries to be denominated and settled in Indian rupees, with such receipts now eligible for trade-policy benefits when routed through approved banking channels. The change broadens the practical use of the …
Sterling and the euro climbed after the U.S. Treasury unexpectedly expanded liquidity buyback operations by $2 billion, a move that weighed on the dollar and pushed longer-dated U.S. yields down by roughly 10 basis points. The shift in U.S. bond-market dynamics, rather than any domestic UK developments, powered gains in high-beta currencies as risk…
Bank of America is recommending a short position in NOK/SEK, proposing an entry at 1.0124 with a target of 0.9812 and a stop at 1.0267. The bank points to slowing activity in Norway and an accelerating Swedish economy, together with shifting rate expectations that favor the Swedish krona. The trade implies a roughly 3.1% decline from the entry to t…
Global government bond markets steadied on Thursday after the U.S. Treasury unexpectedly doubled its repurchase operations for 10-year to 30-year notes to $4 billion per session, providing a backstop for off-the-run securities. Long-dated yields across Asia and Europe retraced from recent multi-decade peaks, led by a pronounced drop in Japanese Gov…
The Canadian dollar reached its strongest point in roughly two and a half months versus the U.S. dollar after Washington announced a short pause on planned tariffs on Canadian goods and the U.S. dollar weakened broadly amid easing U.S. Treasury market pressure. The loonie traded up 0.5% to 1.3823 per U.S. dollar, its firmest level since June 2.
The pound held modest gains after UK consumer price inflation rose to 2.9% in July, matching consensus and remaining close to the Bank of England's own 2.8% projection. Core inflation remained contained at 2.6% and services inflation cooled to 3.4%, a mix that reduced near-term upward pressure on Bank of England rates. Traders now turn to tonight's…
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…
