Currency Forecast

We are revising our EUR/USD forecast lower following the Republican clean sweep. We assume that Trump will go ahead with both tax cuts and protectionism, with the latter triggering a dovish ECB...

After a day dominated by the resounding success of the Republican party, FX markets today return to the more familiar territory of central bank policy meetings. These take place in the US, UK,...

The US Dollar is the world’s reserve currency and, as such, it garners a lot of attention from traders, investors, and media. Out-sized moves in the US Dollar can lead to moves in all asset classes....

The EUR/USD is feeling the effects of a holding pattern in financial markets, as traders remain hesitant to commit to specific positions. With an exceptionally tight US presidential race, many are...

The U.S. dollar faces uncertainty with elections and Fed decisions ahead. Key support at 104 will be vital for the dollar's direction amid rising volatility. Election outcomes could significantly...

Markets are seemingly scaling back from a few Trump trades, and we suspect the next two days can see some abnormal swings in US Dollar crosses due to tighter volatility conditions ahead of a closely...

It’s been busy in FX markets with surprisingly strong 3Q growth in Europe and an aggressive tax-and-spend budget from the UK Labour government. Eurozone rates and the EUR/USD could stay more...

Growth figures for 3Q are published in the US and eurozone today. German CPI is also expected to have re-accelerated, but the impact on the euro may be limited. In the UK, Chancellor Reeves announces...

Key U.S. and eurozone data could set the tone for EUR/USD ahead of the election. Fed's rate decision and GDP updates may drive volatility in the currency pair. Traders should brace for big moves, as...

The proximity to the US election can favour more deleveraging in FX, raising risks that less liquid currencies will face the pressure reserved for Trump-risk proxies. The US macro calendar picks up...

It looks like Donald Trump is edging ahead in opinion polls – although the outcome of next week’s election remains a toss-up given the polling margin of error. Financial markets, however, seem to be...

The US dollar lost some ground yesterday on a correction lower in Treasury yields, but upside risks from the US election persist. Donald Trump’s seemingly stronger momentum should translate to higher...

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...