US Dollar: Bond Sell-Off Helps Greenback Consolidate Gains
The dollar closed higher against every major currency Thursday. Treasury yields climbed across the curve, with the 10-year near 5.19%, while European shares finished lower.
Currencies
Euro posts modest lossess on rising Fed hike odds, Middle East tensions
The EUR/USD pair trades with mild losses near 1.1375 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish signals from the Federal Reserve (Fed) officials a…
Japanese Yen keeps sliding as Tokyo repeats its warning and holds fire
Finance Minister Katayama said on Thursday that the principles behind the joint US-Japan intervention of July 31 are still alive, and USD/JPY went on to touch 159.00, its highest since early September. The pair is tradi…
WTI drops to near $92.50 on potential US-Iran deal
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday. Crude oil prices depreciated amid reports that the United States (US) and Iran wer…
Gold declines below $4,300 as rising oil prices and hawkish Fed stance dampen appeal
Gold price (XAU/USD) declines to near $4,275 during the early Asian session on Friday. The precious metal extends the decline on growing bets on further Federal Reserve (Fed) interest rate hikes this year. New York Fed …
Iran’s President says US ‘must choose’ whether to end war
Iranian President Masoud Pezeshkian said that it is for the United States (US) to decide whether to end its war against the Islamic Republic, as Tehran does not wish to continue fighting, Fox News reported on Thursday.
Banxico: Flexible stance with upside risks – Rabobank
Rabobank’s Molly Schwartz and Christian Lawrence note Banxico kept its overnight rate at 6.50% but significantly softened forward guidance, decoupling Mexican policy from expected Federal Reserve moves. Inflation foreca…
Saudi Civil Defence issues warning over possible threat in Jazan
Yemen's Houthi claimed on Thursday that it launched dozens of ballistic missiles and drones at Saudi military installations in the kingdom's southwestern Jazan region, the Saudi-led coalition in Yemen said were aimed at…
Mexican Peso slides to April lows as Banxico shrugs off Fed gap
The Mexican Peso (MXN) extends its losses against the US Dollar (USD) on Thursday after the Bank of Mexico (Banxico) held the benchmark interest rate unchanged at 6.50%, disregarding the interest rate differential as a …
Australian Dollar tests 200-day SMA amid soaring US yields
The Aussie Dollar fell for the third straight day, down 0.37% against the US Dollar, which remained boosted by elevated US yields, which jumped as Oil prices rose and as inflation pressures built. The AUD/USD trades at …
Singapore Dollar: Inflation keeps MAS cautious – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note that Singapore’s August headline and core inflation both climbed to the upper half of the Monetary Authority of Singapore’s 2026 forecast range, with services, retail goods…
US Dollar Index extends its winning streak as Fed speakers line up behind hikes
The Dollar Index has won back about 90% of what it lost between the late-July top and the August low. It reached 101.40 on Thursday, its highest since late July, and is heading for a fourth straight gain.
Norwegian Krone: Norges Bank hike supports currency – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that the Norwegian Krone (NOK) outperformed after Norges Bank delivered a hawkish 25 basis point hike to 4.50%. Haddad signaled willingness to raise rates further …
Forex Today: Fedspeak takes centre stage
The US Dollar (USD) has traded with gains for the fourth consecutive day on Thursday, managing to revisit levels last seen in late July. In the meantime, further tightening by the Fed remains at the centre of almost eve…
New Zealand Dollar remains under pressure, RBNZ rate hike bets cushion losses
NZD/USD trades around 0.5655 at the time of writing on Thursday, down 0.30% on the day. However, the pair limits its losses as the New Zealand Dollar (NZD) benefits from a sharp increase in expectations of further monet…
Japanese Yen struggles as Fed rate hike bets drive US yields higher
USD/JPY extends its advance for a fifth consecutive day on Thursday as broad US Dollar (USD) strength and persistent pressure on the Japanese Yen (JPY) keep the pair firmly supported. At the time of writing, USD/JPY cha…
Banxico unanimously holds benchmark rate at 6.50%
On Thursday, the Bank of Mexico (Banxico) held interest rates unchanged at 6.50% for the third time, as expected, in a unanimous decision.
EUR/USD Slide Shows How US Real Yields Are Overpowering Euro Strength
EUR/USD traded in the 1.1375 to 1.1385 band on Thursday, extending its slide for a third straight session and printing its lowest level since July 28 during the Asian session. The pair has now fallen in seven of the pas…
Europe: Rightward risks build – Standard Chartered
Standard Chartered argues that Europe’s political balance could shift to the right in 2027, with key elections in France, Spain, Italy and Poland. The bank highlights France’s presidential race as most critical, warning…
Germany: Resilient but modest recovery – Commerzbank
Commerzbank’s Chief Economist Dr. Jörg Krämer notes that leading indicators such as the Ifo business climate index and PMIs have surprised to the upside, showing the German economy’s resilience to high energy prices and…
United States: Bifurcated revival with advanced sectors – ING
ING’s James Knightley and Coco Zhang argue that US manufacturing is finally reviving after years of stagnation, helped by reshoring narratives, AI-driven investment and defence spending. They forecast US manufacturing v…
Canadian Dollar falls to two-month low as higher US yields outweigh Oil support
USD/CAD extends its advance on Thursday, climbing to its highest level since mid-July. The pair has posted only one daily decline over the past 12 trading days, reflecting the diverging monetary policy outlooks of the F…
Gold bears tighten their grip as Fed rate hike bets rise
Gold (XAU/USD) slides to a one-week low on Thursday as rising US Treasury yields and a stronger US Dollar (USD) reflect an increasingly hawkish Federal Reserve (Fed) outlook. At the time of writing, XAU/USD trades aroun…
What Happens After a Clearout Candle?
Storm-related power outages can significantly increase the chance of a house fire or carbon monoxide (CO) poisoning. Items like generators, candles, and downed-power lines all pose a risk. The Consumer Product Safety Co…