Currencies and Forex Analysis & Opinion

CAD In Canada, it should be retail sales that are the major focus ahead of the weekend. Markets look for a sharp rise in consumer spending, with a 1.6% MoM jump in sales forecast. Even so, we would...

The US dollar has given up all its gains for the week as soft data and US earnings seem to be casting doubts on the notion of US exceptionalism. The USD/JPY is the big winner, receiving extra help...

CAD In keeping with the greenback’s broad-based climb on Wednesday, USDCAD rose through the 1.42 level, adding 0.3pp over the course of the session. Industrial prices are the only domestic event of...

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The standout move in overnight FX markets has been the drop in USD/JPY close to 150 as traders get excited about another hike from the Bank of Japan. Expect USD/JPY to stay offered today before...

Optimism over Ukraine peace talks is offsetting the impact of Trump’s tariff threats, keeping the euro’s downside limited for now. The 1.0400-1.0430 range is acting as support, while 1.0480-1.0500...

Markets continue to carefully assess the implications of Russia-US talks, but we are observing an emerging trend of euro underperformance linked to Trump’s growing isolationism against EU allies....

CAD Today’s CPI data should be front of mind for loonie traders ahead of the release at 13:30 GMT. Consensus expectations look for 0.1% MoM price growth in January, with all-items CPI seen rising...

Should Russia and Ukraine ultimately reach a peace deal, the US dollar is probably due another moderate correction – but for now, markets are lacking tangible bearish USD drivers and we think the...

CAD Canadian inflation data, published tomorrow, should be front of mind for loonie traders. Consensus expectations are looking for 0.1% MoM price growth in January, with all-items CPI seen rising...

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CAD USDCAD continued to slide on Thursday, with a further paring of tariff risks helping to catalyse this latest move lower. Given our longstanding view on the credibility of Trumps, tariff threats,...

If Thursday was the 'Big Day' for US reciprocal tariffs, you wouldn't have known it by looking at the global equity rally or the slightly softer US dollar. The benign impact on markets of yesterday's...

CAD After a roller coaster 24-hours USDCAD ultimately trades little changed. The pair is hovering just shy of 1.43, with none of the Russia-Ukraine negotiations, US CPI, or BoC summary of...