Monex

USDThe dollar ended last week on the back foot, with the DXY slipping into the mid-99s, its weakest since late May, after another round of soft US data. July retail sales unexpectedly contracted by...

USDThe dollar proved relatively resilient on Thursday despite some dovish data surprises. July PPI landed flat on the month against expectations for a 0.2% rise, with the annual rate cooling from 5.5%...

USDThe dollar spent Wednesday morning treading water, with the DXY index pinned just below 100 ahead of July's CPI report. The print, landing early yesterday afternoon, showed a headline price...

USDThe dollar spent Tuesday in a holding pattern, seeing the DXY index little changed just below the 100 handle that has prevailed since last Friday's payrolls report. Price action was again dominated...

USDThe dollar began the new week on the front foot, seeing the DXY firm back towards 99.8 in a partial reversal of Friday's post-payrolls drop. Monday's session was dominated instead by Middle East...

USDThursday saw the dollar reverse its midweek slide, closing as the best performer in the G10 with the DXY up around 0.3% to sit just shy of the 100 mark this morning. First, Hormuz optimism soured...

USDThe greenback ground lower again on Wednesday, with the DXY index slipping around 0.2% to near 99.7. The data offered little support, delivering a distinctly stagflationary mix. ADP employment rose...

USDThe greenback consolidated on Tuesday, with the DXY index little changed just below the 100-mark, near six-week lows. With Washington and Tokyo standing back after last week's joint yen-buying...

USDThe dollar steadied to start the week. The broad dollar touched one-month lows early on Monday after Washington and Tokyo confirmed last week's joint yen-buying operations, pledging further action...

USDThe dollar ended last week notably softer following a second day of yen-buying, seemingly confirmed this morning as the first joint MoF-US Treasury operation to buy yen since 1998, with both sides...

USDThe dollar's post-Fed hangover deepened on Thursday. A 13:30 BST data deluge largely validated our call for rates to stay on hold through 2026: advance Q2 GDP landed at just 1.5% annualised,...

USDThe dollar spent Wednesday in tight ranges before the main event. The FOMC held rates at 3.50-3.75%, matching our call, though Hammack, Kashkari, and Logan all dissented in favour of a 25bp hike,...

USDAfter several days of calm, tensions in the Middle East ramped up overnight, with the US and Iran once again exchanging tit-for-tat strikes. Brent jumped around 3.5% in response, though FX has been...

USDThe suspension of US strikes on Iran, in place since late Friday with Tehran holding fire for as long as Washington does, initially extended the dollar's slide yesterday before the move reversed...

USDThe dollar stabilised on Friday after a solid week of gains, albeit accompanied by a dip in oil as hints of US-Iran negotiation progress emerged. The real story broke over the weekend, however,...

USDThursday brought the stagflationary mix into full view. A twelfth consecutive day of US-Iran strikes and Houthi attacks on Saudi tankers, which threaten to close the Bab el-Mandeb strait even as...