Currencies and Forex Analysis & Opinion

FX volatility levels remain close to two-month lows as investors weigh up dominant themes. The possibility of a ceasefire in Ukraine certainly plays a role, judging by the pricing of assets in...

CAD The loonie was a notable standout on Tuesday for all the wrong reasons. CAD sold off against the dollar, even as the greenback gave up ground against the rest of the G10 complex. This move has...

EUR/USD remains resilient after dipping below 1.05, hinting at a potential breakout. Weak US data and stagflation fears fuel Fed rate cut bets, pressuring the dollar. A break above 1.0500 could pave...

The US dollar has found a little support overnight after the House passed a budget blueprint bill laying the groundwork for President Trump's tax-cutting agenda. The focus on fiscal might buy a...

The German election results initially boosted optimism, but uncertainty over coalition talks is keeping pressure on EUR/USD. Trump's confirmation of tariffs on Mexico and Canada increased safe-haven...

CAD While Q4 GDP to end the week remains the main data release of note in Canada, Trump’s comments overnight shift the focus for loonie traders squarely onto trade risks. This has already propelled...

USD/CAD Key Points Trump’s tariff reprieve on Canada is set to expire next week on March 4, leaving USD/CAD traders uneasy. The Canadian election is shaping up to be a potential coinflip between...

CAD While elections are in focus in Europe, in Canada it is GDP data that should be front of mind this week. Set to be released on Friday, we expect to see growth rebound sharply in Q4. Our base case...

Germany voted over the weekend, and the results are broadly in line with expectations. The euro (EUR/USD) got a small boost from the CDU/CSU being able to form a coalition only with the SPD, without...

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...