Currencies and Forex Analysis & Opinion

The EUR/USD poked its head above the June high to approach 1.0950, reaching its best level since March. The US dollar has weakened further despite the release of mixed-bag US data this week, with...

CAD June CPI data was in focus for loonie traders yesterday, and based on those numbers, we think there is little reason for the BoC not to cut rates when they meet next week. The data confirms that...

CAD Yet more evidence of the Canadian economy’s ongoing struggles saw the loonie on the back foot to start the week, with USDCAD rising by 0.3pp on Monday as a result. Specifically, the Bank of...

EUR/USD's 1.09 breakout remains likely ahead of the Eurozone CPI and ECB decision. Right now, the pair is in an uptrend. Eventually, it will attempt to break out above 1.09 once again. Unlock...

CAD While today’s comments by Chair Powell will hold the attention of loonie traders to start the week, tomorrow’s Canadian inflation report is likely to be the key event as far as the Bank of Canada...

The dollar has weakened on disinflation data, pushing EUR/USD towards resistance at $1.09. Today's PPI data could impact rate cut expectations; continued disinflation could increase the...

CAD A positive session for equities saw the loonie finish Wednesday training in the green, notching gains of just over one-tenth against the dollar in spite of the barren data calendar. Today, all...

Ahead of Thursday’s release of US CPI, the US dollar has been in a holding pattern so far this week after dropping last week following the publication of mostly weaker US data. The weaker dollar last...

CAD Monday saw USDCAD trading in a very narrow 0.15pp range with a blank data calendar and mixed cross asset conditions offering little direction for the pair. Similarly, a lack of domestic data...

Labour Party secures majority in UK election with 412 seats, calming market expectations. GBP/USD remains stable amid anticipation of steady fiscal policies and potential BoE rate cuts. US inflation...

Weak U.S. data from last week led to a drop in the US dollar. At the same time, the Fed's more moderate messaging increased expectations of a September rate cut. The dollar index now faces critical...

CAD After a busy week just gone, loonie traders look set for a quieter data calendar coming up, with no major data prints scheduled out of Canada for this week. Even so, we are still inclined to...

CAD Despite an alarming slide in yesterday’s June PMIs, the loonie posted a 0.2% gain against the dollar, propelled by a rally in global equities and a broad improvement in risk conditions. That...

As expected, the Polish MPC has left interest rates unchanged. The message coming from the MPC is increasingly hawkish. Polish zloty is back on the path of strengthening against the US dollar and...