April FOMC Minutes Hawkish concerns appear broadly felt Cautious DXY trade ECB Not the Only Game in Town UK CPI Falls Broadly UK Core Wage Pressures hit New Cycle -Low
May 21, 2026
North American Summary and Highlights 21 May
May 21, 2026 7:33 PM UTC
Overview - The USD was little changed though with some volatility on reports from the Middle East. GBP and EUR were resilient to weak PMI data.
May 20, 2026
North American Summary and Highlights 20 May
May 20, 2026 7:32 PM UTC
Overview - The USD slipped on hopes for progress towards peace in the Middle East.
May 19, 2026
North American Summary and Highlights 19 May
May 19, 2026 7:40 PM UTC
Overview - The USD remained firm supported by higher UST yields as Middle East risks persisted.
May 18, 2026
North American Summary and Highlights 18 May
May 18, 2026 7:58 PM UTC
Overview - The USD was slightly softer with mixed headlines on Trump’s intentions regarding Iran causing some volatility.
May 15, 2026
North American Summary and Highlights 15 May
May 15, 2026 7:24 PM UTC
Overview - The USD was firm supported by surging UST yields while equities came under pressure.
This week's five highlights
May 15, 2026 11:00 AM UTC
U.S. CPI Subdued and one-time strength in shelter U.S. PPI Shows Strong picture restored Another U.S. Data This Week's Fed Speakers UK GDP Upside Surprises Continue
May 14, 2026
North American Summary and Highlights 14 May
May 14, 2026 7:38 PM UTC
Overview - The USD made some gains in North America while GBP slipped on political risk.
May 13, 2026
North American Summary and Highlights 13 May
May 13, 2026 7:54 PM UTC
Overview - The USD was firmer but lost momentum in North America despite a strong US PPI.
May 12, 2026
North American Summary and Highlights 12 May
May 12, 2026 7:46 PM UTC
Overview - The USD made modest gains on Middle East risks but came off its highs in late trade.
May 11, 2026
North American Summary and Highlights 11 May
May 11, 2026 7:48 PM UTC
Overview - In a quiet session the USD was little changed overall.
May 08, 2026
North American Summary and Highlights 8 May
May 8, 2026 7:13 PM UTC
Overview - The USD was weaker in Europe and did not pick up after a stronger than expected US non-farm payroll.
This week's five highlights
May 8, 2026 11:00 AM UTC
Straits of Hormuz Scenarios U.S. April Non-Farm Payrolls Not as strong as March This Week's Fed Speakers RBA's Last Hike for Now Fresh Tightening Bias for Sweden Riksbank
May 07, 2026
North American Summary and Highlights 7 May
May 7, 2026 7:44 PM UTC
Overview - The USD erased European losses and more in North America as Middle Eastern risk picked up again.
May 06, 2026
North American Summary and Highlights 6 May
May 6, 2026 7:53 PM UTC
Overview - The USD was generally weaker on Middle East peace hopes, but came off its lows in North America.
May 05, 2026
North American Summary and Highlights 5 May
May 5, 2026 7:23 PM UTC
Overview - Despite gains in USD/JPY, the USD was little changed overall.
May 04, 2026
North American Summary and Highlights 4 May
May 4, 2026 7:56 PM UTC
Overview - The USD picked up on escalating tensions in the Middle East.
May 01, 2026
North American Summary and Highlights 1 May
May 1, 2026 7:37 PM UTC
Overview - The USD slipped early in Europe led by a sharp drop in USD/JPY but recovered in North America, with Trump stating he would put a 25% tariff on EU autos.
This week's five highlights
May 1, 2026 11:00 AM UTC
FOMC keeps rates on hold but three of four dissents are hawkish BoE MPC Playing Its Cards Safe ECB Mixed Communications Bank of Canada Policy seen appropriate under baseline assumption BoJ Slightly Hawkish Hold
April 30, 2026
North American Summary and Highlights 30 Apr
April 30, 2026 7:48 PM UTC
Overview - The USD was softer, most notably USD/JPY with the BoJ seen behind the move, though oil coming off its highs saw the USD slipping elsewhere too.
April 29, 2026
North American Summary and Highlights 29 Apr
April 29, 2026 8:11 PM UTC
Overview - The USD advanced as oil reflected increasing Middle East risk, with the move modestly extending after the FOMC meeting. The CAD was relatively resilient after the BoC meeting.
April 28, 2026
North American Summary and Highlights 28 Apr
April 28, 2026 7:25 PM UTC
Overview - In another quiet day, the USD advanced in Europe but corrected in North America.
April 27, 2026
North American Summary and Highlights 27 Apr
April 27, 2026 7:44 PM UTC
Overview - In a quiet day, the USD saw some slippage in Europe which was corrected in North America.
April 24, 2026
North American Summary and Highlights 24 Apr
April 24, 2026 7:27 PM UTC
Overview - The USD was slightly softer, on limited Middle East optimism and the dropping of an investigation into Fed’s Powell making a prompt confirmation of Warsh as his successor more likely.
This week's five highlights
April 24, 2026 11:00 AM UTC
Iran Conflict Persists U.S. March Retail Sales Show Underlying resilience DXY Pushing higher UK Inflation Being Fuelled But Wages Still on the Wane UK Labor market Hemorrhaging
April 23, 2026
North American Summary and Highlights 23 Apr
April 23, 2026 7:44 PM UTC
Overview - Middle East tensions persisted, keeping the USD supported in subdued trade.
April 22, 2026
North American Summary and Highlights 22 Apr
April 22, 2026 7:41 PM UTC
Overview - Middle East tensions persisted, keeping the USD well supported.
April 21, 2026
North American Summary and Highlights 21 Apr
April 21, 2026 7:57 PM UTC
Overview - The USD was firmer primarily on Middle East risks but US data and Senate hearings for Fed Chair nominee Warsh also provided some support.
April 20, 2026
North American Summary and Highlights 20 Apr
April 20, 2026 7:52 PM UTC
Overview - The USD corrected from its Asian bounce as traders awaited fresh news in the Middle East.
April 17, 2026
This week's five highlights
April 17, 2026 11:00 AM UTC
Iran Blockade and What Next? This Week's Fed Speakers DXY Limited tests higher UK GDP Fresh But Fleeting Momentum Before the War China GDP Beat, But Domestic Demand Weak
April 16, 2026
North American Summary and Highlights 16 Apr
April 16, 2026 7:36 PM UTC
Overview - In a subdued session, the USD was mostly marginally higher.
April 15, 2026
North American Summary and Highlights 15 Apr
April 15, 2026 7:58 PM UTC
Overview - In a subdued session, EUR/JPY and the commodity currencies saw gains.
April 14, 2026
North American Summary and Highlights 14 Apr
April 14, 2026 7:22 PM UTC
Overview - With equites resilient to the failure of the US-Iran peace talks the USD’s Asian bounce was fully reversed.
April 13, 2026
North American Summary and Highlights 13 Apr
April 13, 2026 7:55 PM UTC
Overview - With equites resilient to the failure of the US-Iran peace talks the USD’s Asian bounce was fully reversed.
April 10, 2026
North American Summary and Highlights 10 Apr
April 10, 2026 7:50 PM UTC
Overview - EUR/USD and GBP/USD made gains in cautious Friday trade, but otherwise USD changes were modest.
This week's five highlights
April 10, 2026 11:00 AM UTC
2-Week Ceasefire, Then? U.S. March Energy to surge in CPI U.S. Personal Income slips, Core PCE Prices remain firm This Week's Fed Speakers RBNZ Inflation Forecast Revised Higher
April 09, 2026
North American Summary and Highlights 9 Apr
April 9, 2026 7:53 PM UTC
Overview - Cautious optimism that progress towards peace in Lebanon could be made, thus easing a key obstacle to peace in the Gulf, saw the USD lose some ground.
April 08, 2026
North American Summary and Highlights 8 Apr
April 8, 2026 7:54 PM UTC
Overview - The USD was softer on the Middle East cease fire, but doubts over whether it would last built in the North American afternoon.
April 07, 2026
North American Summary and Highlights 7 Apr
April 7, 2026 7:55 PM UTC
Overview - The USD was weaker as markets doubted whether Trump would follow through on extreme threats against Iran, with a Pakistani cease fire proposal raising hopes near the close.
April 03, 2026
North American Summary and Highlights 3 Apr
April 3, 2026 5:29 PM UTC
Overview - The USD was lifted by a strong US non-farm payroll. Middle East worries persisted.
April 02, 2026
North American Summary and Highlights 2 Apr
April 2, 2026 7:01 PM UTC
Overview - The USD remained firmer after Trump’s Wednesday speech but edged off its highs in part due to Iranian claims that it was working with Oman to allow traffic through the Strait of Hormuz.
Asia Summary and Highlights 2 Apr
April 2, 2026 5:33 AM UTC
Nothing new from Trump's speech
April 01, 2026
North American Summary and Highlights 1 Apr
April 1, 2026 7:46 PM UTC
Overview - The USD slipped on Middle East peace hopes, but corrected late ahead of an address from Trump.
March 31, 2026
North American Summary and Highlights 31 Mar
March 31, 2026 7:42 PM UTC
Overview - The USD slipped, particularly versus EUR and JPY, on reduced fears of escalation in the Middle East conflict.
March 30, 2026
North American Summary and Highlights 30 Mar
March 30, 2026 7:29 PM UTC
Overview - Middle East worries persisted keeping the USD mostly bid, though USD/JPY saw some slippage.
March 27, 2026
North American Summary and Highlights 27 Mar
March 27, 2026 7:28 PM UTC
Overview - Middle East worries persisted with the main FX development being USD/JPY breaking above 160.
This week's five highlights
March 27, 2026 11:00 AM UTC
Iran War Scenarios Updated Norges Bank Unsurprisingly Too Hawkish Goodbye to the Good Old Days for UK CPI? DXY Edging higher USD/JPY Pressuring 159.75/90 highs
March 26, 2026
North American Summary and Highlights 26 Mar
March 26, 2026 7:51 PM UTC
Overview - The USD was modestly stronger with Middle East tensions increasing.
March 25, 2026
North American Summary and Highlights 25 Mar
March 25, 2026 7:39 PM UTC
Overview - The USD picked up with the US and Iran clearly remaining far apart regarding any potential peace deal.
March 24, 2026
North American Summary and Highlights 24 Mar
March 24, 2026 7:37 PM UTC
Overview - FX movements were modest though the USD and oil rose on a report of US troops being sent to the Gulf.
