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Daily forex market recaps: the dollar, the majors and the central banks behind every move.
- Markets ·
Loonie firms as oil hits highest since May and US eyes Canada tariff relief
The Canadian dollar firmed as war worries pushed oil to its highest since May and a report said the US may lift some tariffs on Canadian goods.
- Markets ·
Euro sags as French PMI slumps into contraction, yen holds haven bid
The euro sagged as France's October PMI fell into contraction and eurozone data missed, while the yen held haven gains and UK PMIs beat forecasts.
- Markets ·
Yen hits five-week high as AI selloff drives haven flows, yields fall
The yen climbed to a five-week high as AI worries sank the Nasdaq and US 10-year yields closed at a one-month low, with Japan CPI and the BoC next in focus.
- Markets ·
Yen hits three-week high as Gulf attacks and AI jitters spark risk-off
The yen rose to a three-week high as Gulf shipping attacks and AI stock jitters drove safe-haven flows, while US Treasury yields fell to one-month lows.
- Markets ·
Dollar steadies as Gulf oil risk returns and NZ inflation undershoots
The dollar edged up late as Gulf embassy warnings lifted oil, a US 20-year auction tailed and New Zealand Q3 CPI eased to 3.7%, below forecasts of 3.8%.
- Markets ·
Sterling climbs as hot UK CPI cements BoE hike bets, Aussie rallies
Sterling rose after UK CPI hit 3.5% against 3.4% expected, while RBA's Hauser put a November hike in play and the dollar held near a 3-week low.
- Markets ·
Dollar slips as Iran deal headlines swing oil and US housing data sinks
The dollar fell as Iran compromise reports swung oil and US pending home sales hit a record low, while BoE's Greene stayed hawkish ahead of UK CPI data.
- Markets ·
Sterling firms on UK jobs beat as yen rallies after record JGB auction
Sterling rose after UK unemployment fell to 4.7% and lifted BoE hike bets, while a record Japanese bond auction sparked a yen rally and German PPI jumped.
- Markets ·
Yen lags as oil rebound lifts US yields, Aussie leads the majors
US 10-year yields rose to 5.14% as oil reversed higher after US and Houthi attacks. The yen lagged, the Aussie led and French unrest hit the euro.
- Markets ·
Euro slips on French unrest as China GDP beat lifts the Aussie
The euro fell as unrest in France widened bond spreads, while China's 4.5% Q3 GDP beat lifted the Aussie and softer Canadian CPI eased pressure on the BoC.
- Markets ·
Dollar ends four-week win streak as AI debt fears push yields lower
The dollar posted its first weekly loss in five as AI debt jitters lifted Treasuries, the Nasdaq fell 2.3% and the kiwi led, while BoJ's Ueda vowed more hikes.
- Markets ·
Dollar on track to snap four-week rally as AI debt worries weigh
The dollar slipped on AI debt worries and headed for its first weekly loss in five, while US import prices rose 1.1% and eurozone CPI was confirmed at 3.8%.
- Markets ·
Dollar slides as bond rally outweighs hot US PPI, euro posts best day
The dollar slipped as US yields kept falling despite hot PPI, the euro had its best day in two months and New Zealand's factory PMI jumped to 56.5.
- Markets ·
Dollar retreats from 18-month high despite hot US PPI and retail sales
The dollar eased from 18-month highs even as US PPI hit 6.3% against 5.3% expected and retail sales beat, while sterling rose on stronger UK growth data.
- Markets ·
Dollar holds near 18-month high as Goolsbee and Beige Book follow hot CPI
The dollar held near an 18-month high after hot US CPI, as Fed's Goolsbee called the data discouraging and the Beige Book showed price pressures broadening.
- Markets ·
Dollar jumps as hotter US CPI revives Fed rate hike fears
The dollar rose and US yields jumped after September CPI hit 3.7% against 3.6% expected, with core at 2.6%, reviving Fed rate hike fears across FX markets.
- Markets ·
Dollar falls across majors as Fed's Williams cools hike bets before CPI
The dollar fell against every major as Fed's Williams saw no 2027 hike, while the yen lagged on BoJ reports and traders awaited US CPI.
- Markets ·
Dollar slips from 18-month high as oil eases and traders await US CPI
The dollar index slipped from an 18-month high as oil eased and yields fell, while sterling gained on BoE hike bets ahead of Wednesday's US inflation data.
- Markets ·
Dollar slips from 18-month high in Asia as RBA minutes back prompt action
The dollar index slipped from an 18-month high in Asia as EUR/USD steadied near 1.1165, while RBA minutes backed prompt action and Japan's PPI missed.
- Markets ·
Dollar hits 18-month high as Fed's Hammack backs more tightening
The dollar index hit an 18-month high as an energy truce faltered and Fed's Hammack called for higher rates, while EUR/GBP fell to a fresh yearly low.
- Markets ·
Dollar logs fourth weekly gain as Fed pause bets lift the Aussie
The dollar logged a fourth weekly gain but trimmed it on Friday as Fed pause bets lifted the Aussie, while the Canadian dollar fell on a jobs miss.
- Markets ·
Euro gives back gains as French fiscal worries and a firmer dollar return
EUR/USD gave back early gains as the dollar rebounded and French debt worries lingered, while US consumer sentiment slid to 46.3 in October.
- Markets ·
Dollar eases from highs as Trump rules out Iran strikes before midterms
The dollar eased and the yen gained as Trump ruled out Iran strikes before the midterms, while US yields fell to 5.22% and the euro held above 1.1200.
- Markets ·
Euro steadies near 17-month low as US yields pull back from highs
EUR/USD steadied as US Treasury yields eased from multi-decade highs, while the ECB account fed rate-hike talk and Paris faced pressure over its 2027 budget.
- Central banks ·
Dollar near 18-month high as Fed minutes point to another rate hike
Fed minutes showed most officials see another hike by year end, lifting the dollar to a near 18-month high as gold slid and Iran strike risk returned.
- Markets ·
Dollar firms as 24-year high in US yields drags EUR/USD fixing lower
The EUR/USD fixing fell 0.82% to 1.1177 as US 10-year yields touched 5.35% and Brent topped $100, with traders turning to the Fed minutes and jobless claims.
- Markets ·
Dollar stays soft ahead of Fed minutes as BoJ hike talk builds
The dollar eased as US yields fell before the Fed minutes, while BoJ's Sato backed staged rate hikes and the peso led the ECB fixing moves with a 1.13% gain.
- Markets ·
Euro rebounds from 17-month low as French deficit steps ease bond stress
The EUR/USD fixing rose to 1.1269 as France moved to cut its deficit and the dollar eased, while traders turned to the Fed minutes and US September CPI.
- Markets ·
Euro slides to 17-month low as French fiscal fears lift the dollar
The EUR/USD fixing fell to 1.1204 as French debt worries pushed the dollar index to an 18-month high, while US services data came in mixed and yields stayed high.
- Markets ·
USD/JPY holds near 158 as Japan toughens its tone on the yen
The yen steadied near 158 per dollar on Monday as Japanese officials talked tough on the currency and on debt, while yen crosses kept sliding.
- Markets ·
Dollar's three-week run pushes the EUR/USD fixing down to 1.1225
The euro lost 1.56% against the dollar over five ECB fixings as French bond stress weighed, and a weak US jobs report did little to slow the dollar.