Currency Forecast

The Fed delivered a hawkish cut on Wednesday, signalling only 50bp of easing in 2025 and shifting to a more patient tone on easing. That has led to another US dollar rally, which we see extending...

We expect the Federal Reserve to deliver a consensus 25bp cut on Wednesday, but also to scale back on guidance for rate cuts next year. We think this will allow the US dollar to stay firm into...

The GBP/USD pair has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this...

GBP/USD traders face a critical week as central bank decisions could jolt the pair out of its range. Inflation data and GDP reports add another layer of intrigue, setting the stage for potential...

US Dollar has continued to buck seasonal depreciating trends thanks to a still-high short-term swap rate. We expect a wait-and-see approach today ahead of the last key central bank events of the year...

The Fed’s next move could define the dollar’s path as economic data supports a resilient US economy. Global risks and Trump’s policies may further boost the dollar’s strength in the near...

The US dollar is largely holding onto gains as this week’s US inflation data has come in on the firm side and kept USD rates supported. EUR/USD bears have also survived the ECB test, where Christine...

As year-end fast approaches, central banks make their final monetary policy adjustments. Canada delivered a 50bp rate cut yesterday, while Brazil delivered a 100bp hike – because fiscal policy is too...

EUR/USD traders eye critical resistance at 1.06, with central bank decisions looming. A deeper ECB rate cut could trigger a sharp decline, testing this year's lows near 1.0350. Watch for surprises...

We should see little action before a busier second half of the week in the US and eurozone. If anything, the dollar should see some support ahead of tomorrow’s inflation numbers. Inflation numbers in...

All eyes are on this week's CPI report, which could reshape the dollar's trajectory. Geopolitical uncertainty and global central bank moves add to the greenback's challenges. Key technical levels...

"Little reason to leave the US dollar now" After a brief sell-off on Friday’s US jobs report, the dollar has returned bid. Helping that trend is geopolitics (Korean markets remain unsettled) and a...

The week culminates in today’s November NFP jobs report. Given expectations of a bounce back after last month’s weather and strike-hit figure of +12k, the market now probably sees less than 200k as a...

If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to...