Weekly Market Update
Flight to US dollar speeds up as Iran war rages on Any doubts about whether the dollar still retained its safe haven status in times of geopolitical turmoil have been dispelled. Highlights: Iran war shows no signs of ending any time soon. Strait of Hormuz remains effectively shut, as oil futures soar through $100. US […]
Weekly Market Update
Safe havens well bid after US and Israel bomb Iran News of the joint US-Israel attack on Iran broke after the close of trading in a week of relatively mild trading in financial markets. Highlights: US dollar rises following attack on Iran. Ayatollah Khamenei killed, Iran retaliates. Risk sentiment sours, oil rises. Safe havens, commodity […]
Weekly Market Update
Dollar falls after Trump’s tariffs ruled illegal A tentative rally in the dollar was sharply reversed over the weekend after the US Supreme Court ruled most of President Trump’s tariffs to be illegal. Highlights: US dollar ends week higher amid Iran tensions, hawkish FOMC. Supreme Court rules US tariffs to be illegal. Trump applies 15% […]
Weekly Market Update
Japanese yen struggles as big spending LDP wins decisive victory Currencies globally took last week’s volatility in equity and cryptocurrency markets relatively in stride. Highlights: Japan’s PM Takaichi wins big at weekend’s election. Yen holds its own, but more downside possible. Pound struggles on Starmer woes, dovish BoE. ECB stands pat, hints at no change […]
Weekly Market Update
US dollar bounces off 4-year lows as Warsh named next Fed chair The dollar ended last week almost exactly where it began it against its major peers, although that masks what was an extraordinarily eventful and volatile few days in currency markets. Highlights: US dollar rebounds from 4 year lows on Fed chair pick. Bessent […]
Weekly Market Update
Trump tariff U-turn fails to inspire a US dollar revival The dollar had a terrible week against just about every major currency worldwide, despite President Trump’s latest U-turn and predictable backing down over his Greenland tariffs. Highlights: President Trump U-turns on Greenland tariffs. Sell America fades, but dollar sell-off continues. Fed set to hold this […]
Weekly Market Update
Trump’s Greenland gambit reignites trade war fears In classic Trumpian style, America’s 47th president upended global trade again over the weekend by threatening to impose fresh tariffs on eight European countries that oppose his project to acquire Greenland. Highlights: Trump threatens Europe with tariffs over Greenland. Higher tariffs set to come into effect in February. […]
Weekly Market Update
Powell legal investigation revives “Sell America” fears The US dollar confirmed last week that it remains a safe-haven currency of choice for investors during times of global conflict. Highlights: Geopolitical jitters trigger USD safe-haven flows. Powell investigation raises Fed autonomy fears. Mixed NFP report points to “low hire, low fire” economy. Strong German factory data […]
Weekly Market Update
Currency market takes Venezuela President ousting in stride The New Year has begun with a bang following the shock capture of Venezuela President Nicolás Maduro by US forces over the weekend, but the early reaction in currency and futures markets has been calm. Highlights: FX market calm after Venezuela President ousting. Safe-haven US dollar posts […]
Weekly Market Update
US dollar struggles again after Federal Reserve cuts rates The dollar sold off against most of its peers after the Federal Reserve fell short of delivering on market expectations for a “hawkish cut” last week. Highlights: Dollar slides again as Fed fails to deliver “hawkish cut”. ECB set to hold rates and up its growth […]