Partner Center Find a Broker The U.S. dollar strengthened for the second day in a row. The FX market is currently being heavily influenced by expectations over how quickly central banks, especially the Fed, will raise interest rates. With the U.S. non-farm payrolls (NFP) report coming out tomorrow,

GBP/USD bounces after government U-turn Sterling recouped losses after investors found relief in Britain’s reversal on tax cuts. The original plan of a largely unfunded fiscal package had triggered a flight to safety. But buyers of Sterling-denominated assets were quick to return to the table after

The U.S. dollar climbed higher on Friday after data from the Labor Department showed stronger than expected job growth in the U.S. in September, raising hopes the Federal Reserve will continue to raise rates aggressively in the coming months. The Labor Department's jobs data showed non-farm payroll

Summary Japan's economy has been reasonably resilient so far in 2022. Growth has been moderate, although confidence surveys suggest mixed prospects for different economic sectors, consistent with only moderate growth ahead. We also expect relatively contained inflation going forward as well. While p

Outlook: Pivot talk is officially dead. Formerly dovish Minneapolis Fed Kashkari said the Fed is "quite a ways away" from pausing its rate-hike cycle. Chicago’s Evans said the rate will probably reach 4.5-4.75% by next spring. New member Cook said more hikes are needed to tame “stubbornly high infla

More and more of the world’s central banks are turning to currency interventions to keep their currencies from weakening. While each central bank is saving its currency, they are all working together to undermine the Dollar’s value by increasing its global supply. For the last two weeks, Japan has b

The Canadian dollar has posted considerable losses today. USD/CAD is trading at 1.3688, up 0.49%. Canada releases Ivey PMI for September later today, with the markets anticipating another solid release. The PMI skyrocketed in August to 60.9, up from 49.6 in July, well into expansion territory. The S

The Australian and NZ dollars weakened against their major counterparts on Friday amid risk aversion, as investors continue to worry about the Federal Reserve's aggressive monetary policy stance that could push the economy into a recession. U.S. non-farm payrolls data due later today could provide m

USD/JPY has been hovering close to the 145 line most of the week, and the trend has continued today. In the European session, USD/JPY is trading at 144.81, down 0.21%. The US releases nonfarm payrolls later today. The release once received massive coverage and was usually a market-move, but the new

Economists at CIBC Capital Markets have been USD bulls for a few quarters now. They see little reason to deviate at this point. USD dominance to fade next year “We still see a sufficient degree of uncertainty with respect to where the Fed terminal is priced to keep the greenback supported on dips ag

USD/JPY is aiming to shift its auction profile above 145.00 amid weaker market sentiment. The tight US labor market is responsible for lower projections of US NFP. Geopolitical tensions between Japan and North Korea have impacted the yen bulls. The USD/JPY pair is oscillating above the critical hurd

USD/JPY struggles to gain any meaningful traction and oscillates in a range on Friday. Speculations that Japanese authorities might intervene in the markets cap the upside. The underlying USD bullish sentiment acts as a tailwind ahead of the US NFP report. The USD/JPY pair fails to capitalize on its

Asia Market Update: Equity markets generally decline ahead of US jobs data; Little impact seen on Samsung’s shares following earnings miss; JP and CN FX Reserves drop. General trend - HK-listed property developers lag [Country Garden drops amid block trade]. - Japanese companies expected to report e

The U.S. dollar gained against its major rivals on Thursday as rising concerns about inflation and aggressive monetary tightening by the Federal Reserve boosted the currency's safe-haven appeal. Rising oil prices fueled concerns about an acceleration in inflation. Oil prices surged after the OPEC+ a

EUR/USD: Bolstered by rising US Treasury yields, the US dollar wrapped up another day in positive territory, extending Wednesday’s 1.4 per cent recovery (according to the US Dollar Index). Consequently, Europe’s shared currency concluded Thursday in negative territory against the buck, as well as th