Currency Forecast

The euro EUR/USD has surged after European leaders announced big spending plans for defence and infrastructure. This comes at a time when President Trump acknowledges that tariffs are causing a...

The BOJ’s policy shift continues to strengthen the yen, keeping USD/JPY under pressure. Rising Japanese bond yields signal further tightening ahead, reinforcing the bearish outlook. A break below...

Today marks a further large step into Donald Trump's America First Agenda. Substantial tariffs are being imposed on Canada and Mexico. Additional tariffs have gone in on China. Canada and China have...

The dollar’s rebound faces a key test as traders assess Fed expectations, geopolitics, and slowing spending. With inflation cooling and rate-cut bets rising, markets eye jobs data for policy...

As markets assess the implications of the Zelenskyy-Trump clash on Friday, the focus today is whether US tariffs on Mexico and Canada will go ahead. The FX market is not pricing in 25% duties as a...

In response to criticism of tariff 'confusion', President Trump stepped in emphatically yesterday to announce that tariffs would be going ahead on Canada, Mexico, and China next Tuesday. That's the...

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...

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 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...

Trump said yesterday that tariffs on Mexico and Canada are still on the table ahead of next Monday’s deadline. Markets remain reluctant to price that in for now, and some soft US consumer confidence...

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...

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...

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...