FX

The Canadian Dollar shed 0.4% against the Greenback on Friday. Canada saw a worse-than-expected print in net new jobs additions in October. Average Canadian wages also rose, maintaining upward pressure on inflation expectations. The Canadian Dollar flubbed a near-term technical recovery on Friday, slumping back into familiar lows against the Greenback. The Loonie remains under

The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In Friday’s session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by

AUD/USD falls as the USD regains strength. RBA holds rates steady but remains hawkish, citing inflation risks. The Fed’s neutral outlook suggests caution regarding future rate cuts. The AUD/USD pair declined by 1.25% to 0.6600 on Friday, continuing its downtrend. The renewed strength of the US Dollar weighs on the pair despite improved risk sentiment.

US Dollar rises after UoM positive data. Consumer confidence improves, inflation expectations were mixed. FOMC cuts rates by 25 bps, economic growth remains solid. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose on Friday. This comes after positive University of Michigan data and the

The US Dollar stabilizes on  Friday after a volatile week.  Jerome Powell responded bluntly to markets and reporters on his future as Fed Chairman.  The US Dollar index steadies in the 104-region, looking for a fresh direction.  The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the

USD/CAD trades flat around 1.3860 in Friday’s early Asian session.  The Fed decided to cut the interest rate by a quarter percentage point on Thursday.  The Canadian employment report will be closely watched.  The USD/CAD pair flat lines near 1.3860 during the early Asian session on Friday. The Greenback faces some selling pressure after the

Crude Oil retraces for the second straight day, losing over  1% on Thursday.  Storm Rafael disrupts short-term US Oil output while Trump is set to boost shale production substantially.  The US Dollar Index fades under profit-taking as markets now focus on the Fed interest rate-cutting cycle.  Crude Oil dips for a second day in a

EUR/USD plummeted nearly 2% on Wednesday as markets bid up the US Dollar. Fiber saw one of its worst days in years as markets struggle to find a reason to buy the Euro. EU economic calendar remains tepid, leaving markets to focus on Fed rate cuts. EUR/USD plummeted during the midweek market session, falling over

EUR/USD has experienced a deeper pullback after confirming a double top, BBH’s FX analysts note. Potential supports are located at June low of 1.0665 and 1.0600 “EUR/USD has dipped below the 200-DMA (1.0870) and the trend line drawn since October 2023 denoting prevalence of downward momentum.” “The decline is a bit stretched but signals of

Republican clean sweep makes it significantly easier to implement full policy agenda, ABN AMRO’s economists note. Parity for EUR/USD can be on the cards “Risks very firmly tilted to the downside for US and global economic growth and to the upside for US inflation. While Fed policy could be tighter than our current base line,

The Pound Sterling plunges against the US Dollar as Trump wins the US presidential elections. Trump’s victory could significantly dent the UK’s economic growth. Investors see the Fed and the BoE cutting interest rates by 25 bps on Thursday. The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in London trading

Markets remain strongly inclined to trade a Red Sweep. 10y USTs still around 15bps higher on the day and 5s30s curve bear steepening. Market pricing for the Fed’s terminal has risen by around 10bps to 3.73% for end-2025 (around 100bps of further easing including this week). The USD has continued to trade around 1.5% higher, TDS’

Former president Donald Trump has been elected as the new president of the United States, according to the Associated Press. Trump has secured more than 270 electoral votes after winning in key swing states such as Pennsylvania and Wisconsin. Trump’s victory favors the so-called Trump trades, with the US Dollar and Bitcoin soaring. Former US president Donald

EUR/USD is hit badly with Trump’s victory in the US presidential election. The Fed is expected to cut interest rates again on Thursday but by a lower size of 25 bps. The Euro underperforms across the board as concerns over Eurozone economic growth have deepened. EUR/USD slightly recovers to 1.0750 after nosediving to near 1.0700

Former president Donald Trump is elected as US president after securing more than 270 electoral votes. Trump won the election after a comfortable victory, securing most of the so-called swing states. Kamala Harris hasn’t conceded yet as she is set to speak on Wednesday morning US time. Here is a recap of what we know

The US Dollar (USD) traded higher, as vote count skews in favour of Trump at time of writing. DXY was last at 104.92, OCBC’ FX analysts Frances Cheung and Christopher Wong note. Trump outcome may see a play-up of US-China trade tensions “The 7 swings states of Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin, Arizona and

USD/CHF holds onto intraday gains near 0.8750 on US Trump’s victory. Market participants are expected to face higher import tariffs in Trump’s administration. The Swiss Franc pair rallies after breaking above 38.2% Fibo retracement at 0.8700. The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session. The Swiss Franc pair surges to a fresh

The Mexican Peso plunges several percentage points against its major pairs after Donald Trump secures 267 electoral votes, three away from victory.  Trump’s threats of whacking huge tariffs on Mexican imports is wreaking havoc with the Peso.  USD/MXN closes an open chart gap and extends its established uptrend within a rising channel.   The Mexican Peso