Topic: Foreign Exchange
-
Big week for Europe as US yields rise
Europe faces a challenging week as rising US bond yields increase market volatility. The Stoxx 600 fell for a second week, pressured by these yields. Meanwhile, the EU must decide on imposing tariffs on Chinese electric vehicles, adding to geopolitical tensions.
-
Fed cuts less likely as US remains exceptional
The US dollar rebounded from six-week lows with strong economic data. The British pound rose after UK PM Rishi Sunak called a snap election. NZD/USD spiked briefly on RBNZ’s rate hike signal.
-
Equities at record highs as US inflation descends
US consumer prices fell unexpectedly in April, while import prices surged by 0.9%. Retail sales and industrial production stagnated, signaling a slower Q2 start. German investor sentiment hit a high, and China’s recovery remains manufacturing-driven. The US dollar weakened despite hawkish Fed comments.
-
May global FX outlook
Convera’s Global Economic Outlook provides the in-depth regional currency analysis you need to navigate commercial payments with confidence.
-
Rise in US jobless claims overshadows dovish BoE
A strong earnings season and soft US data, supporting the case for interest rate cuts, gave investors the green light to switch into a risk-on mode. Pro-cyclical currencies cheered.
-
Powell trumps inflation, weakening the dollar
In a tumultuous week, the yen surged with suspected Japanese intervention, while the US dollar faltered on a dovish Fed and a colder-than-expected US jobs report. Rate cut speculation returns ahead of the upcoming Bank of England meeting.
Get the latest currency and FX news
Subscribe to receive monthly insights, daily reports, and more — empowering you to navigate global commerce and FX strategy.