Tariff Uncertainty Weighs on Asia Equities; Gold, Oil Slip as US Dollar ReboundsMost major Asia Pacific equity indices started the week on a weaker note, as investors turned cautious ahead of the expiration of the White House’s 90-day pause on higher global reciprocal tariffs (excluding China), scheduled for Wednesday, 9 July. Asia ...
Trump’s BRICS Threat Rattles Aussie and KiwiAustralian and New Zealand Dollars fell sharply to start the week, leading losses alongside Yen. The moves come just ahead of central bank meetings in both countries, with RBA widely expected to cut rates by 25bps to 3.60% and RBNZ ...
Wall Street Surges, Trump Tariff Blitz Looms, Dollar StrugglesLast week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news ...
Dollar Bounce Short-Lived as Eyes Turn to Trump’s Trade SalvoDollar’s rebound on upbeat US jobs and services data proved short-lived, as the greenback faded again in early Friday trading. The greenback failed to hold gains amid a broader risk-on tone with both S&P 500 and NASDAQ closed at fresh ...
Dollar Rebounds as Solid NFP Eases Urgency for Fed ActionDollar rebounded in early US session following the better-than-expected June non-farm payrolls report, further reversing much of the week’s earlier weakness. While not a blowout, the report showed a labor market that remains fundamentally resilient, and significantly reduces pressure on ...
Dollar Selloff Stalls Before NFP Test: Calm Before the Shock?Dollar is pausing its recent slide as markets brace for today’s Non-Farm Payrolls report, but its recovery remains shallow. Barring its gains against the troubled British Pound, the greenback remains broadly weaker against major currencies for the week. Traders are ...
Sterling Plunges as Gilt Yields Surge Amid UK Political TurmoilSterling came under heavy pressure today, tumbling sharply alongside a selloff in UK government bonds. The 10-year gilt yield surged above 4.65%, up 20 basis points from levels seen just two days ago. The moves came after Prime Minister Keir ...
Dollar Under Pressure as Political, Policy, and Euro Strength Risks ConvergeThe calm in today’s Asian forex session belies a volatile backdrop forming beneath the surface. Dollar remains pinned near at bottom of the performance board this week, despite a shallow bounce. Investors are keeping their powder dry ahead of several ...
Dollar Extends Decline as Markets Starting to Embrace Three Fed Cuts in 2025Dollar’s slide deepened today as markets leaned harder into expectations of multiple Fed rate cuts in 2025. The move comes even before this week’s key economic data—ISM manufacturing, ISM services, and non-farm payrolls—hits the wires. The greenback’s decline is broad-based, ...
Dollar Drops on Renewed Tariff Risks as Trump Targets Japan, Swiss Franc ShinesDollar’s selloff extended overnight, breaking to fresh lows against Euro and Swiss Franc, as markets grow increasingly uneasy about U.S. trade policy ahead of the July 9 deadline. While US equities remain resilient, with the S&P 500 and NASDAQ surging ...
Quiet Market With Trade Tensions Simmering, Japan’s Tankan in FocusForex trading remains subdued and directionless, with most major pairs and crosses holding within Friday’s ranges. Traders appear to be in wait-and-see mode ahead of a packed US data schedule. The spotlight turns first to Tuesday’s ISM Manufacturing report, then ...
Canada Reverses Digital Tax to Save U.S. Trade Talks; Loonie Recovers ModestlyThe forex market opened the week with low volatility and mixed Asian equities, but politically driven developments are keeping some G10 currencies in motion. Dollar is the weakest performer so far, with the Canadian Dollar also under pressure despite rebounding ...
Dollar Index Hits Multi-Year Low and Broke Long Term Fibonacci LevelDollar ended last week as the weakest major currency, with Dollar Index breaking to a fresh three-year low. Risk-on sentiment was a key driver: US equities surged following the Israel-Iran ceasefire, and S&P 500 and NASDAQ both posted record closes ...
Dollar Stays Weak as Traders Weigh Hawkish PCE and Dovish Spending SignalsDollar enters the US session mixed, as markets digest a batch of data offering signals to both sides of the policy debate. The greenback is seeing additional selling against Euro and Swiss Franc, but recovering modestly against commodity-linked currencies. Core ...
Risk Appetite Holds, Dollar Extends Losses Markets Eye PCE into Friday’s FinishGlobal risk sentiment remains firm heading into the weekend, with both S&P 500 and NASDAQ pushing near record highs overnight. Asian markets followed suit, with Japan’s Nikkei breaking above the symbolic 40k mark, extending its robust rally driven by AI ...
Dollar Struggles After Mixed Data; Yen Rallies With Nikkei SurgeDollar weakness continues to dominate FX markets, with the greenback staying under pressure across the board. he spotlight is on which currencies are capitalizing the most. Yen is stealing the show, along with sharp rally in the Nikkei as AI-fueled ...
Dollar Slides to Multi-Year Lows Against Euro, Pound on NATO Spending BoostDollar weakness deepened in Asian session, with the greenback falling to multi-year lows against both Euro and Sterling. For now, downside pressure remains concentrated against European majors. The latest catalyst is a show of fiscal resolve from NATO allies, who ...
Dollar Stabilizes After Slide as Calm Returns to MarketsWednesday brought a lull in FX volatility as Dollar’s selloff eased, though it remained broadly under pressure for the week. The geopolitical backdrop is calmer, with the Israel-Iran ceasefire appearing stable for now. Trade talks seemed to be on hold, ...
Fed Officials Push Back on July Cut, But Dollar Remains Under PressureDollar remains under broad pressure midweek and is currently the weakest performer among major currencies. While dovish signals from Fed Vice Chair Michelle Bowman and Governor Christopher Waller cracked open the door for a July rate cut, that narrative has ...
Ceasefire Frays but Markets Stay Steady; Fed’s Powell Keeps Inflation GuardGlobal markets continue to trade with cautious optimism, despite signs of strain in the fragile Israel-Iran ceasefire. Reports out of Tehran on renewed Israeli airstrikes—despite US President Donald Trump declaring a ceasefire hours earlier—have added tension. Israeli army radio said ...
