Currency Analysis & Comment

Welcome to our latest Weekly Rand Review and another humdinger of a week, with the Rand reversing fortunes and weakening amid increased global tensions and Israel's unprecedented attack on Iranian...

Market reactions remain muted despite Middle East tensions, with volatility limited outside of oil. Focus shifts to Fed as rate cut expectations hinge on data and tariff war impact. EUR/USD eyes a...

The main story in FX remains the rapidly evolving Middle East conflict. If oil prices correct further due to perceived limited supply risk, the US dollar can follow suit and move lower. However, some...

Deflation, a surging franc, and limited meeting windows all point to the SNB potentially doing more than markets expect this week—could a return to negative rates be the shock that jolts USD/CHF from...

US dollar holds near 98 amid geopolitical risks and a cautious Fed outlook. Markets watch Fed projections, energy prices, and G7 signals for the dollar’s next move. Technical indicators show...

Geopolitical risks failed to update over the weekend and will remain central in FX price action. The US dollar's rebound has been lacklustre, and while some support is warranted by the current market...

The Israeli strike on Iran's nuclear facilities has sent oil prices spiking and has offered the oversold and undervalued US dollar a catalyst for a rebound. The energy price shock is generally...

Soaring geopolitical tensions and a rapid narrowing in U.S.-Japan yield spreads have combined to send USD/JPY sharply lower in Asia, breaking trend support and triggering fresh bearish signals. With...

Yesterday's softer US May CPI data led to the usual pattern of stronger Treasuries and a weaker US dollar. However, this might be short-lived, given the numerous risk events over the next month....

The Euro is currently leading gains across the currency board following the weaker-than-expected US CPI release, nearing a break of last week's highs against the US Dollar. While the initial CPI...

GBP/USD struggles as weak UK jobs data fuels August rate cut bets. US CPI and 10-year auction hold key for dollar direction today. Sino-US talks offer little breakthrough, keeping dollar and pound...

The Sino-American trade negotiations in London have yielded plans to revive the flow of sensitive goods, but have failed to mark a breakthrough and leave the US dollar still vulnerable to domestic...

US and Chinese officials have concluded two days of trade negotiations in London, reaching a preliminary agreement aimed at easing ongoing trade tensions. The agreement outlines a framework to...

Upstream price pressures in Japan are sliding fast, reinforcing expectations the BoJ will stay sidelined. But for USD/JPY traders, it's May's U.S. CPI and a $39 billion bond auction that could truly...