Do not think there is a need to consider rate hikes
Christopher Waller, a member of the Federal Reserve (Fed), said that based on the jobs report alone, he was planning to dissent in the monetary policy decision, but inflation has become more of a concern. He added that he now expects labor force growth to be near zero in a live interview with CNBC on […]
Trump gives Iran 48-hour ultimatum to open Strait of Hormuz
Here is a rundown of latest headlines surrounding the crisis in the Middle East as the United States (US) and Israel’s war against Iran enters the fourth week: US President Donald Trump said on Saturday that they will “obliterate” Iran’s power plants, starting with the biggest one, if they refuse to open the Strait of […]
EUR/GBP rises as markets assess ECB and BoE rate decisions, inflation outlook
EUR/GBP edges higher on Friday, recovering losses recorded in the previous day after the European Central Bank (ECB) and Bank of England (BoE) monetary policy announcements. At the time of writing, the cross trades near 0.8647, remaining confined within a narrow range that has defined price action for more than a week. The Euro (EUR) […]
Range holds as CAD outperforms – Scotiabank
Scotiabank’s Analyst Team notes the Canadian Dollar is modestly firmer versus the Dollar and leading G10 peers, echoing its earlier conflict-phase outperformance. They highlight narrowing yield spreads and a relatively muted Bank of Canada meeting as key drivers. Markets price about 60 bps of BoC tightening by year-end, leaving CAD sensitive to policy shifts, with […]
Dollar strength returns on geopolitics – Scotiabank
Scotiabank’s global FX strategy team reports broad Dollar strength as G10 performance realigns with early US/Iran conflict patterns. They stress fragile risk sentiment as markets reassess prolonged conflict risks, central bank paths and violent yield repricing. Oil benchmarks diverge, while Copper and Gold show signs of technical stabilization after recent swings. Dollar firm as conflict […]
US sends thousands of Marines and three warships to Middle East – WSJ
Citing officials, the Wall Street Journal reported on Friday that the Pentagon is sending roughly “2,200 to 2,500 Marines from the California-based USS Boxer amphibious ready group and 11th Marine Expeditionary Unit,” to the Middle East, alongside three warships. Market reaction Markets remain risk-averse following this headline. At the time of press, the Nasdaq Composite […]
USD/CAD rebounds as weak Canadian Retail Sales and firmer USD weigh on Loonie
USD/CAD recovers from intraday lows on Friday as softer-than-expected Canadian Retail Sales data weighs on the Canadian Dollar (CAD), while a rebound in the US Dollar (USD) provides additional support to the pair. At the time of writing, USD/CAD is trading around 1.3735, rebounding from an intraday low near 1.3699. Meanwhile, the US Dollar Index […]
AUD/USD drops as safe-haven flows counter RBA’s hawkish stance
AUD/USD trades lower around 0.7040 on Friday at the time of writing, down 0.68% on the day, as the pair is pressured by a return of safe-haven demand despite supportive domestic factors in Australia. The Australian Dollar (AUD) remains underpinned this week by the Reserve Bank of Australia (RBA) decision on Tuesday to raise its […]
GBP/USD trips down below 1.3350 as Oil surges, Fed outlook boosts US Dollar
GBP/USD trims some of its previous-day gains on Friday, down by 0.84%, as traders turn risk-averse amid an escalation of the Middle East war and price in no rate cuts by the Federal Reserve (Fed) in 2026. At the time of writing, the pair trades below 1.3350 after hitting a daily high of 1.3442. Sterling […]
Pair struggles below 1.1600 as sellers maintain control
EUR/USD trades with a mild downside bias on Friday as a modest rebound in the US Dollar (USD) weighs on the Euro (EUR), with price action lacking follow-through buying after failing to sustain a break above the 1.1600 mark. At the time of writing, the pair hovers near 1.1542, down around 0.38% on the day, […]
