Recap

Shifting rate hike and recession odds moved the major currencies around this week, mainly sparked by U.S. reports that pointed to a less hawkish Fed.Meanwhile, talks of higher interest rates in the Eurozone while the region is still…

Risk sentiment tossed and turned throughout the week leading to a mostly choppy market as traders balanced broad recession fears with major economic & central bank event updates. The market spotlight was on Chinese stimulus updates…

This week kicked off with an underwhelming PBOC announcement, before the spotlight turned to mostly downbeat PMI readings and the Jackson Hole Symposium. A bit of risk-taking and anti-dollar sentiment lifted the commodity currencies…

Stronger-than-expected U.S. and U.K. data releases supported hawkish biases for the Fed and BOE, boosting both the U.S. dollar and British pound to the top of this week’s rankings. Meanwhile, China’s growth concerns kept a lid on the…

It was a busy week for repricing monetary policy expectations, as central bank meeting minutes and top-tier data prints supported a longer period of high-interest rates for the major economies. Meanwhile, concerns over China’s growth and…

Rising tensions in Ukraine and resilient economic data from major economies has left traders seeking higher interest rates and risk averse. No wonder commodity linked currencies such as the New Zealand dollar fell while safe havens such…

Global growth and concerns about rising interest rates pushed the New Zealand dollar to the bottom of the forex heap this week. Meanwhile, strong US data inspired the Fed's hawkish bets and pushed the US dollar higher across the board.…

The market spotlight has mostly focused on US inflation updates this week as interest rate expectations continue to weigh heavily on risk sentiment in general. Confirmation that US inflation rates will continue to slow from higher levels…

This has not been the best of weeks for the dollar bulls as the greenback found itself lagging behind the forex pack after seeing downbeat inflation data from the US. Not only have these hopes of a future rate hike by the Fed been…

It was an unfortunate week to be a comdoll buyer as global growth concerns got mixed in with hawkish Fed expectations to create a generally risk-averse trading environment, lifting the yen to the top spot for the week. We also saw the…