Market News

Central bank divergence has returned, and volatility is rising ahead of the holiday close. The US Dollar Index remains on the defensive, drifting lower for a second consecutive week as the “hawkish cut” floor from the Federal Reserve begins to show cracks. While the US Dollar stabilized mid-week, the release of delayed employment data showing a

The US Dollar Index is trading flat to slightly softer after the Federal Reserve delivered a “hawkish cut,” reducing monetary policy accommodation by 0.25% but signaling only one additional move down for all of 2026. This has effectively put a floor under the greenback, preventing deeper declines while keeping front-end yields elevated. The easy part

The entire dollar bloc is unwinding. For the first time in weeks, it’s not just euros rallying. AUD/USD led the charge, jumping 1.72% to its strongest level in three months as risk appetite returned. Commodity currencies are shaking off months of underperformance and signaling a shift back toward growth-linked assets. EUR/USD advanced 0.67%, posting seven consecutive daily

Key takeaway: The U.S. dollar lost ground this week as markets decisively priced a December Fed rate cut, allowing major currencies to recover. CAD underperformed on weak retail data, while JPY intervention risks remain a key market theme. US Dollar Expectations for a December Fed cut strengthened significantly, with futures-implied odds now above 80% for a

FX Weekly Market Update: Week Ending November 21, 2025Volatility reigned supreme in foreign exchange markets this week as central banks sent conflicting signals, technical breakdowns accelerated, and risk-off sentiment reminded traders that nothing moves in one direction forever. Canadian Dollar: Breaking Through Key LevelsThe Canadian dollar weakened substantially as USD/CAD surged above prior technical thresholds

Tariff De-escalation and Rate Cuts Reshape the Trade Landscape Trade winds are shifting as U.S. President Trump and Chinese President Xi Jinping reached a landmark agreement in Busan today, with meaningful implications for currency markets and cross-border commerce. Following a 90-minute meeting Trump described as a “12 out of 10,” the two nations have agreed

A renewed briskness swept through FX markets this week as geopolitics, central bank signals, and shifting trade flows set the tone. The U.S. dollar gained ground on most peers, fueled by solid data and a cautious mood, yet remains range-bound amid mixed signals about U.S. growth. The Canadian dollar continued to soften, pressured by domestic

The US Philly Fed Manufacturing Index surprisingly fell negative, posting -12.8, missing forecasts of 8.6 and more than offsetting last month’s 23.5 point increase. While the shipments index eased, it remained positive; new orders showed a modest increase. The employment index edged lower but continued to signal overall gains in hiring. The US dollar index (DXY) is extending its losing streak to a third consecutive day as renewed U.S.–China trade

September’s Canadian employment data came in much stronger than expected, with a net gain of 60.4K jobs versus expectations of just 2.8K, keeping the unemployment rate steady at 7.1% rather than rising to the predicted 7.2%. While Friday’s figures are a welcome surprise, markets remain cautious about interpreting them as a sign of recovery given