Friday, 18 September 2026
Independent coverage of global markets, trade and finance
The USD/CAD pair remains on the back foot during the Asian session on Thursday, with bears now awaiting a break below the 1.4000 psychological mark before positioning for an extension of the previous day's pullback from…
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Thursday that tariffs have had a clear impact on inflation, though she pointed to early signs that effect is beginning to ease.
This represents around 60% of all tariff revenue collected by the US government under the policy, according to a recent court filing from US Customs and Border Protection.
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Silver (XAG/USD) price surges more than 4% on Wednesday as the Greenback remains on the back foot due to softer-than-expected jobs and data, though the fall was capped as business activity in the services sector continu…
The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Wednesday as weaker-than-expected US economic data pressures the Greenback, while traders closely follow efforts to reopen the Strait of Hormuz. At the ti…
USD/JPY trades around 157.65 on Wednesday at the time of writing, little changed on the day, as weakness in the US Dollar (USD) is offset by investors' cautious stance toward the Japanese Yen (JPY).
Gold (XAU/USD) price surges to its highest level in nearly seven weeks, gaining nearly 3.80% on Wednesday as the Greenback loses ground and US Treasury yields fail to gain traction. The XAU/USD pair trades at $4,232, it…
The Dow Jones Industrial Average (DJIA) trades near 54,500 on Wednesday, 0.76% higher and at a fresh record, roughly 1,400 points above the high it set in early July.
EUR/USD trades on the front foot near 1.1560 on Wednesday, adding around 0.2% as a weak United States (US) labor market report undermines the US Dollar (USD). The US Dollar Index (DXY) slips 0.22% toward 99.70, remainin…
West Texas Intermediate (WTI) Crude Oil remains under pressure on Wednesday but struggles to attract fresh selling as traders await confirmation that commercial shipping through the Strait of Hormuz will resume. At the …
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is slightly firmer versus the US Dollar (USD), with modestly better PMIs but a fading fundamental backdrop as 2-year spreads give back g…
Reuters’ latest poll of foreign exchange strategists shows a modest downward revision in Euro (EUR) forecasts while highlighting persistent market skepticism over the effectiveness of Japanese currency intervention.
Gold (XAU/USD) jumps more than 2.50% on Wednesday as weaker-than-expected US labour market data pressures the US Dollar (USD), while lower Oil prices on hopes of reopening the Strait of Hormuz ease inflation concerns an…
USD/CAD trades around 1.4040 on Wednesday at the time of writing, down 0.14% on the day, as the Canadian Dollar (CAD) benefits from a rebound in Oil prices. Crude prices received support after Yemen's Houthis claimed re…
Commerzbank’s Norman Liebke notes that markets expect a further 25 bps cut from the Brazilian Central Bank (BCB), but real rates would remain highly restrictive near 9.4%. With inflation and expectations at the top of t…
Brown Brothers Harriman’s (BBH) Elias Haddad reports USD/INR is firmer after recently testing a one‑month low, following the Reserve Bank of India’s (RBI) unanimous decision to keep its policy rate at 5.25% and maintain…
TD Securities reviews New Zealand’s Q2 labour report, noting unemployment rose to 5.6%, an 11‑year high, partly on higher participation, while employment still grew 0.5% quarter‑on‑quarter. Private-sector wages slightly…
BNY’s Geoff Yu reports Oil prices rose after the Houthis claimed a missile strike on a Saudi tanker near Yanbu, highlighting risks to alternative export routes while Strait of Hormuz disruptions persist. He notes Washin…
The British pound sterling traded at N1,827/£1 against the naira at the start of the midweek session in the Nigerian foreign exchange market, with black market rates fluctuating slightly higher based on local liquidity.
The dollar fell as much as 3% against the Japanese yen on Thursday in its biggest single-day drop since late 2022, as currency analysts across three continents pointed to one explanation: Japan's Ministry of Finance had…
United Overseas Bank’s (UOB) Quek Ser Leang sees USD/CNH trading slightly higher within a developing range, with intraday levels expected between 6.7500 and 6.7620. On a 1–3 week horizon, the pair could continue to edge…
Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of the Strait of Hormuz could come within hours. Al Arabiya and Al Hadath, citing high-level sources, said communications ar…
The Mexican Peso (MXN) surges to a six-week high on Tuesday as talks between the US and Iran could reopen the Strait of Hormuz, easing global inflationary pressures by freeing ship traffic. At the time of writing, the U…