Saturday, 7 November 2026
Independent coverage of global markets, trade and finance
Oil prices climbed more than 3% on Tuesday, reaching their highest levels in four weeks, as renewed military tensions between the United States and Iran reignited concerns over global energy supplies moving through the …
As Apple celebrates its 50th anniversary, the company that's defined consumer electronics since introducing the iPod, and that forever changed user behavior in creating the iPhone, faces a host of critical questions abo…
Japan’s top finance officials on Aug. 3 issued a stark warning to markets that they “will not hesitate” to conduct further currency interventions jointly with the United States, calling the partnership a “perfected form…
The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department's announcement of a bond buyback for the long end …
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 1…
The US Dollar Index (DXY) ended the week near even with Thursday, holding near 98.80. Like Thursday, DXY traded down to the 98.50s before recovering later in the session.
The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries t…
US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing.
DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) fo…
The U.S. dollar slid to three-month lows as the dollar index fell 0.3% to 104.20 amid a roughly 70% probability of a Fed rate cut by September after cooling U.S. data and the index's worst weekly drop since early March.…
DBS economists Taimur Baig and Radhika Rao expect the Bank of Thailand (BoT) to keep its policy rate unchanged at 1.00% in August, extending the pause after June’s unanimous decision. They cite uneven economic growth, e…
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is firmer on broad US Dollar (USD) weakness and stronger-than-expected Eurozone August Purchasing Managers' Index (PMI) data. Elias Haddad highlights the comp…
Global bond selloff persists as government buybacks fail to ease fiscal worries, leaving 10-year and 30-year yields near multi-year highs and debt-to-GDP ratios above 100% in several major economies. Higher yields are r…
TD Securities strategists argue that Kevin Warsh’s Jackson Hole speech will focus on structural themes such as productivity, AI-driven growth and Federal Reserve (Fed) regime change. They expect rate expectations to sta…
The Euro (EUR) is falling against the British Pound (GBP). EUR/GBP held the mid-0.8500s on Friday, hovering just below the 0.8570 area, even after a strong round of August flash Purchasing Managers Indexes (PMIs) on bot…
Nomura’s European Economics team highlights that UK composite output PMI rose to 52.5 in August, with services offsetting weaker manufacturing. GfK consumer confidence improved to its highest level in two years, support…
USD/JPY trades around 158.85 on Friday at the time of writing, edging lower after rebounding from the 158.00 level on Thursday. The pair remains under pressure as the Japanese Yen (JPY) benefits from fresh inflation dat…
MUFG’s Derek Halpenny sees a tension between aggressive Reserve Bank of New Zealand (RBNZ) tightening expectations and increasingly stretched short positioning in the New Zealand Dollar (NZD). While softer labour-market…
DBS Group Research economist Chang Wei Liang notes that the Dollar has firmed slightly as US Treasury yields recover, with DXY consolidating near 99.00 after the US Treasury expanded long-end bond buybacks. He argues bu…
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands surprisingly at a faster pace to 52.8 in August from 51.9 in July. Manufacturing activity was anticipated to expand at a moderate p…
Hyundai Motor's South Korean union staged its first full strike in a decade on Friday, following stalled wage negotiations. The action, organized by the Korea Metal Workers Union, includes workers at Hyundai, affiliate …
Gold (XAU/USD) is heading for a third consecutive weekly gain on Friday, extending an impressive rally that has lifted the precious metal by around 13% so far this month. At the time of writing, XAU/USD trades around $4…
Chris Turner at ING explains that USD/CHF’s sharp drop after the US Treasury buy-back announcement was mainly position adjustment after a hawkish Fed narrative had favoured longs. If Treasury support is risk-positive, l…
This week's US Treasury intervention in the bond market has caused much furore amongst the buy and sell-side financial community alike. We see the move more as a signalling tool that the US Treasury has a problem with h…