Topic: Weekly FX Report

Oil jumped on rising US‑Iran tensions, lifting the dollar as safe‑haven demand returned. A hawkish Fed, soft UK data and a dovish RBNZ reshaped rate expectations, while strong US growth kept investors favouring American assets.

Markets wobbled as an AI‑led tech selloff hit stocks, even as US jobs surged and inflation eased. Shifting Fed cut bets, USD uncertainty, and renewed yen and euro momentum added to a volatile week in global markets.

US tech slid as AI valuation doubts grew, dragging the Nasdaq ~4% WTD. With crypto and silver also falling, risk appetite looks fragile. The RBA hiked, lifting AUD, while a dovish BoE and UK politics weighed on gilts.

The dollar hit four‑year lows before rebounding as risk aversion surged. VIX spiked on geopolitics and AI fears, oil jumped on Iran tensions, tech slid on AI doubts, and traders raised cash across metals and EMs.

Markets steadied as tariff tensions eased, JGBs slumped, and safe‑haven flows favoured the franc. AUD and NZD outperformed while JPY lagged, with the USD softening ahead of a closely watched Fed meeting.

Markets stay eerily calm as political heat rises – hawkish Fed signals, safe‑haven metals surge, FX slumps, and oil whipsaws on geopolitical shocks.