Weekly Market Update
Dollar regains safe haven status as US bombs Iran. The Israel-Iran war is set to dominate currency trading after the US intervened over the weekend by bombing Iran’s main nuclear facilities. Highlights: ➢ US attacks Iranian nuclear facilities over the weekend. ➢ US dollar regains safe-haven appeal, up on all G10 peers. ➢ Global oil prices continue to […]
Weekly Market Update
Conflict in the Middle East bails out the US dollar Israel’s decision to bomb Iran to stop its nuclear programme threw a lifeline to the dollar last week, which had been selling off amid a much lower than expected inflation print and worries about the US economy. Highlights: Middle East conflict triggers flight to safety. […]
Weekly Market Update
Emerging market currencies rally on US-China trade optimism Stocks and credit rose last week as investors continue to bet that the worst is behind us when it comes to Trump’s tariffs. Highlights: Resilient US payrolls report boosts dollar on Friday. US-China trade tensions ease after Trump-Xi call. ECB slashes rates again, but hints at end […]
Weekly Market Update
US court ruling jolts markets ahead of ECB policy announcement. Most major currencies ended last week very close to where they had begun, as the pile up of tariff news more or less offset the first hints of a slowdown in the US economy after “Liberation Day”. Highlights: US court bans Trump’s tariffs, but ruling […]
Weekly Market Update
Fading trade deal euphoria deals the US dollar a blow News last week of the massive Trump climbdown on Chinese tariffs buoyed the dollar, but the bump faded and the greenback ended the week down against nearly all major currencies worldwide. Highlights: US-China trade deal optimism fades. Dollar loses ground versus all major peers. US […]
Weekly Market Update
Dollar jumps as US and China strike deal to slash tariffs The dollar leapt to its strongest position in almost a month this morning, buoyed by the news that the US and China had struck a deal to slash tariffs, at least temporarily. Highlights: Dollar jumps as US-China agree to lower tariffs. US-UK strike first […]
Weekly Market Update
US stock market rebound brings some relief to the dollar Markets are choosing to take a positive view of the tariff situation and bet that it will be resolved without much damage to the US economy. Highlights: US dollar stabilises as stock markets regain losses. US economy contracts in Q1, but jobs market resilient. Strong […]
Weekly Market Update
Trump assault on Federal Reserve fuels “Sell America” trade A week of relative calm in the FX market was shattered late-Easter Friday by a fresh round of chaos emanating from Trump’s social media feed. Highlights: Calm week shattered by Trump assault on the Fed. USD falls to new lows on “sell America” narrative. EUR/USD surges […]
Weekly Market Update
Trump tariff chaos triggers dramatic US capital flight Markets experienced another week of extreme volatility last week, as investors reacted to the chaotic policy orders and counter orders coming out of the Trump administration. Highlights: Dollar slumps amid loss of confidence in US assets. Trump delays most tariffs by 90 days. China tariffs hiked to […]
Weekly Market Update
Trump’s “Liberation Day” tariffs crash markets “Liberation Day” set off one of the worst crashes in risk assets worldwide in recent memory. Highlights: Trump shocks markets with harsh reciprocal tariffs. Asia hit with aggressive trade levies, notably China. EU facing 20% tariffs, UK let off with 10% import tax. Risk assets suffer largest downturns since […]