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, […]
Dow Jones slides as Iran war, hawkish Fed drive fourth losing week
The Dow Jones Industrial Average (DJIA) tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%. Overnight strikes between Iran and Israel, fresh attacks on energy sites in the […]
USD/CHF flat as Fed outlook and Oil-driven USD demand limit downside
The Swiss Franc (CHF) trades flat against the US Dollar (USD) on Friday, reversing part of its earlier gains as the Greenback eases slightly from daily highs. At the time of writing, USD/CHF is trading around 0.7878 after briefly touching the 0.7900 mark. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]
Hawkish Fed meets escalating Iran war
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve’s (Fed) decision to hold rates in the 3.50%-3.75% range. The war in Iran is nearing the end of its third […]
