The US Dollar (USD) remains highly sensitive to data, while tariff news continues to have only a limited effect. Overnight, US President Donald Trump has…
Canada’s June jobs report is expected to show flat employment growth and a slight rise in the jobless rate to 7.1%, but recent fiscal tightening…
Trump’s letters to trading partners are so far primarily affecting local markets, rather than the broader market. Yesterday’s surprise 50% tariff announcement on Brazil has…
Norway released June CPI figures this morning, ING’s FX analyst Francesco Pesole notes. Return to 11.50 Xin EUR/NOK may be in line with fundamentals “While…
EUR/USD might have found a short-term anchor at 1.17. Despite the post-NFP hawkish repricing in the USD OIS curve, the two-year swap rate gap remains…
Oil prices edged higher yesterday, with Brent settling back above $70/bbl. This is despite ongoing uncertainty over tariffs, along with OPEC+ recently announcing a larger-than-expected…
The FX market continues to approach tariff headlines with caution, broadly subscribing to the view that Trump is using the upcoming deadlines as leverage for…
US Copper futures hit a record high yesterday after President Donald Trump announced he plans a 50% tariff on Copper imports. The magnitude of yesterday’s…
The Kiwi dollar fluctuated after the RBNZ held overnight, and is now back at yesterday’s 0.600 close, ING’s FX analyst Francesco Pesole notes. NZD/USD to…
Fed Chair Jerome Powell stuck to his usual cautious tone in Sintra, reiterating a strict data-dependent approach that is set to keep the dollar extremely…