Kevin Ford, FX and Macro Strategist

Very modest tariff impact on inflation. Sticky inflation means no rate cuts this year. US inflation in focus. Brussels builds bridges amid tariff heat. Sterling tumbles as rate cuts fear mount.

Volatility flat, optimism high. Trump turns up the heat on Europe. Strong job report means BoC to hold. Pound pounded by growth gloom.

Fresh threats renew Canada–US friction. Dollar climbs as Fed remains split and Trump ramps up tariffs. Euro & Sterling: At the mercy of US macro. Domestic drags and global jabs.

Brazil threatened with 50% tariffs starting August 1st. Threats lose their grip as euro seeks fresh catalyst. The SLR debate that could reshape markets. Momentum melts: sterling’s technical chill. Price gains ease as Peso hits new high.

Liberation Day-like fallout fades. July typically a quiet month for the CAD. Chill for the euro heatwave. Peso’s year-to-date gains grow to 12%. CHF strength is the only certainty.

Tariff tensions rise again. CAD remains unchanged. Tariffs and tough talk: the Trump playbook in action. Fiscal fears tarnish USD and GBP.