N America Summary and Highlights 31 Dec

December 31, 2025 5:05 PM UTC

The USD edged up in NY on Dec 31, except against the EUR that gained across the board.   

EUR/JPY, EUR/CAD flows: EUR up and 2026 Depends on Hedging

December 31, 2025 4:19 PM UTC

The EUR has gained across the board this afternoon, helped by year end flows in thin markets.

USD, USD/CNY flows: China Only Modest Fiscal Stimulus

December 31, 2025 3:30 PM UTC

With little news flow, traders did notice China announcement today of Yuan62.5bln for consumer trade in programs, as part of a wider initial Yuan300bln fiscal stimulus package for 2026.  

EUR/USD, USD/JPY flows: Initial Claims Drop, But

December 31, 2025 1:39 PM UTC

USD helped by lower than expected weekly jobless claims, with the clearest reaction on USD/JPY. 

Chart USD/CAD Update: Focus on resistance at 1.3720~

December 31, 2025 12:03 PM UTC

Little change, as prices extend cautious trade around 1.3700

EUR/USD, USD/JPY flows: Market Expects Slower 2026 USD Decline

December 31, 2025 10:05 AM UTC

Traders views for 2026 are biased towards further USD losses, but at a smaller scale than 2025.  

Chart USD/CHF Update: Gains to remain limited

December 31, 2025 9:42 AM UTC

Choppy trade around 0.7900 has given way to the anticipated break higher

Chart AUD/USD Update: Limited tests lower

December 31, 2025 9:08 AM UTC

Choppy trade around critical resistance at the 0.6700 Fibonacci retracement is giving way to anticipated selling interest

Chart USD/JPY Update: Gains to remain limited

December 31, 2025 9:02 AM UTC

Cautious trade above congestion support at 156.00 has given way to a USD-driven bounce

Chart USD Index DXY Update: Limited tests higher

December 31, 2025 8:49 AM UTC

Cautious trade above congestion support at 98.00 is giving way to a drift higher

Chart EUR/USD Update: Under pressure

December 31, 2025 8:39 AM UTC

Consolidation above 1.1750 has given way to anticipated losses

Chart GBP/USD Update: Leaning lower

December 31, 2025 8:27 AM UTC

Cautious trade around 1.3500 has given way to anticipated selling interest

EUR/USD, USD/JPY flows: USD Consolidating in Europe

December 31, 2025 8:08 AM UTC

European trading is seeing the USD move sideways, with the FOMC minutes having failed to provide direction. 

Psychology for major markets Dec 31

December 31, 2025 7:56 AM UTC

EUR/USD – EUR/USD turned lower on the last trading day of 2025 as USD is trading broadly stronger. It looks to retest the 1.17 figure.
USD/JPY – The pair has regained post Christmas losses. There hasn't been much headline and seems to be USD movement.
EUR/GBP – Unchanged for the day so far. Euro

USD/JPY flows: USD Stronger on the Last Trading Day

December 31, 2025 5:36 AM UTC

The USD is broadly higher 

NZD/USD flows: Led with Losses

December 31, 2025 2:46 AM UTC

Kiwi led with losses as regional sentiment sours

USD/BRL, USD/CNY flows: Divergeing EMFX in 2026

December 30, 2025 9:00 PM UTC

EM currency 2026 prospects come against a backdrop of a further but slower USD depreciation against DM currencies, but inflation differentials, domestic central bank policy and politics also matter. 

N America Summary and Highlights 30 Dec

December 30, 2025 8:00 PM UTC

USD edged higher in NY in thin trading.  

EUR/USD, USD/JPY flows: Dec FOMC Minutes Fail to Provide Direction

December 30, 2025 7:40 PM UTC

The USD saw little reaction on the December FOMC minutes.

AUD/USD flows: Drifted Lower

December 30, 2025 4:30 PM UTC

AUD has drifted off the highs, but we still like the AUD in 2026.