Independent coverage of UK markets, FCA policy and institutional trading
Australia's fourth rate hike of 2026 sent the Australian Dollar lower on Tuesday, and NZD/USD closed below 0.5650 for the first time in its slide. The Reserve Bank of Australia (RBA) raised its cash r…
Finance Minister Katayama said on Tuesday that an undervalued Yen is generally a problem, and that she and US Treasury Secretary Bessent agreed on a September 25 call to strengthen their cooperation. …
The US Dollar (USD) has accelerated its recovery, adding to the positive start to the week and clinching new multi-week tops, always helped by the persistent advance in US Treasury yields and unabated…
St Louis Fed President Alberto Musalem crossed the wires on Tuesday, saying that central bankers needn’t make promises but should tell the public how and why the central bank makes policy decisions.
The US Dollar Index (DXY) extends gains on Tuesday, approaching its year-to-date high as expectations of further Federal Reserve (Fed) interest-rate hikes drive strong demand for the Greenback. At the…
Chicago Federal Reserve (Fed) President Austan Goolsbee, a voter in the Federal Open Market Committee (FOMC) in 2027, said Tuesday that “the fact that we have been 5 ½ years above inflation target is …
Federal Reserve (Fed) Governor Michael Barr said Tuesday that he sees “elevated wage rates in the skilled trades,” and added that the resilience of the US economy is “striking.”
The New York Fed Governor John Williams said that he “sees no need for urgency after September rate hike,” a dovish statement that pushed the US Dollar Index (DXY) modestly lower, though it remains po…
Federal Reserve (Fed) Governor Michael Barr said on Tuesday that “there is a need to recalibrate policy” and that the base case is that “further policy adjustments” are likely needed.
Silver (XAG/USD) retreats on Tuesday and trades around $60.75 at the time of writing, down 0.38% on the day. The white metal comes under pressure from the sharp rise in US Treasury yields and a strong…
Societe Generale’s FX strategy team reports EUR/USD remains under pressure, trading at a three-month low and moving toward the June low at 1.1325. The bank flags support at 1.1325 and 1.1270, with res…
BNY Markets’ John Velis observes that US real yields across the curve have risen sharply, driven more by expectations of further policy tightening than by inflation fears. Markets see the Fed and othe…
OCBC’s Christopher Wong observes that Singapore Dollar (SGD) has held relatively steady despite softer Asian FX, with USD/SGD around 1.2780. Strong manufacturing output and persistent underlying price…
European Central Bank (ECB) José Luis Escrivá said on Tuesday that they are still in not restrictive territory, as reported by Reuters.
U.S. President Donald Trump said a preliminary agreement to end the war has been signed by the U.S. and Iran. Details have yet to be made public but that didn't stop global markets from cheering and s…
Silver (XAG/USD) remains practically flat on Tuesday, trading at its lowest levels in nearly two months on Tuesday, around $60.80, failing to find follow-through above $61.00 and on track for a 8.5% m…
Scotiabank’s Global FX Strategy team, led by Shaun Osborne and Eric Theoret, notes broad Dollar strength versus most G10 currencies, with focus on Oil, US yields and the Federal Reserve rate path. The…
EUR/CAD halts its three-day winning streak, trading around 1.6100 during the European hours on Tuesday. The currency cross experiences downward pressure as the Euro (EUR) softens ahead of key economic…
GBP/JPY trades lower on Tuesday as the Japanese Yen (JPY) outperforms its major peers, supported by growing concerns that Japanese authorities could intervene in the currency market again. At the time…
Brown Brothers Harriman highlights that the Reserve Bank of Australia delivered a widely expected 25 bps hike to 4.60%, a 15-year high, and kept the door open to further tightening. AUD/USD initially …
The US Dollar (USD) is up 0.12% at around 1.4190 against the US Dollar (USD) during the European trading session on Tuesday. The Loonie pair trades higher as the US Dollar outperforms, with financial …
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session on Tuesday that the interest rate hike…
The Indian Rupee (INR) recovers its early losess after sliding to a fresh two-month low against the US Dollar (USD) and closed flat on Tuesday. The USD/INR pair closes flat at around 95.98 after rectr…
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified …