Currency Forecast

The U.S. dollar rose to its strongest level against the Japanese Yen in 15 months. Equities and currencies benefitted from Federal Reserve Chairman Jerome Powell’s reassurance that 1970s rapid...

Currencies and equities extended their sell-off on Friday as risk aversion in the financial markets deepened. The Dow Jones Industrial Average lost over 400 points for the 10th straight day....

Investors continued to buy U.S. dollars on Thursday despite weaker-than-expected Philadelphia Fed manufacturing index and jobless claims. Market participants are convinced that these disappointments...

Investors drove the U.S. dollar sharply higher on Wednesday after the Federal Reserve signalled an earlier interest rate hike. Thirteen out of 18 policy-makers now see as many as two rate hikes...

The outcome of Wednesday’s Federal Reserve monetary policy announcement could set the stage for how the U.S. dollar and currencies trade over the next month. With that in mind, the...

Treasury yields traded sharply higher on Monday ahead of the Federal Reserve’s monetary policy announcement. The 2.7% rally in 10-year yields and decline in the Dow Jones Industrial Average...

The euro has a big day ahead, with a monetary policy announcement and U.S. inflation report on the calendar. Between these two events, the European Central Bank meeting is generally more...

The U.S. jobs report was a major disappointment and the U.S. dollar fell sharply against all of the major currencies in response as 10-year Treasury yields slipped nearly 4%. It turns out, the decline...

The dollar climbed for the second day after Philadelphia Fed President Patrick Harker said yesterday that his central bank should begin discussing the time frame for paring back its bond-buying...

This is a big week for currencies, but so far, we’ve seen nothing but consolidation. In today’s trade, the greenback strengthened against the New Zealand dollar and Swiss Franc,...

Tonight’s Reserve Bank of New Zealand monetary policy announcement is one of this week’s most important events. Next to the Bank of Canada, which tapered asset purchases last...

The U.S. dollar staged an end of week rally following unconvincing global data. On Thursday we had suggested that if upcoming economic reports reinforced the prospects of a stronger global recovery,...

Friday will be a busy day for forex traders, with PMIs and retail sales reports scheduled for release from all corners of the world. Currencies are trading strongly ahead of these reports, with...

Weaker U.S. data is finally catching up to the U.S. dollar. The greenback traded lower against all of the major currencies on Tuesday following softer housing data. Building permits grew 0.3% in the...