• Trade tensions lead to volatile trading

    Trade tensions lead to volatile trading

    The dichotomy between politics and monetary policy remains the central theme in FX – the so-called Trump trade versus Fed trade. The dollar has rebounded with safe haven demand amid rising geopolitical and trade tensions, despite weaker macro and Fed factors of late.

  • Dollar rebounding sharply from 4-month lows

    Dollar rebounding sharply from 4-month lows

    Dollar bounces amid mixed data dump. Pound looks toppy after retail sales miss. ECB fails to inject excitement.

  • Markets rocked by Trump; ECB in focus

    Markets rocked by Trump; ECB in focus

    Trump sounds alarm on strong dollar. Will pound hold $1.30? Euro gains ahead of the ECB decision.

  • Politics over macro as dollar rises modestly

    Politics over macro as dollar rises modestly

    Opposing forces still in motion. Sterling takes a breather before data dump. Euro tests a four-month high.

  • Markets to digest shock of Trump attack

    Markets to digest shock of Trump attack

    Dollar gains on Trump trade after tough week. UK macro in focus. Euro holds below $1.09 amid US political violence.

  • Dollar weighed down by macro and Powell

    Dollar weighed down by macro and Powell

    US disinflation is in full swing and led to the first back-to-back weekly loss of the US dollar since the end of April. Sterling jumped to its highest in a year, boosted by the UK macro backdrop. Another interesting week beckons – on net, we think it could be a dollar negative macro flow.