North American Summary and Highlights 27 Jun

June 27, 2025 8:07 PM UTC

Overview - The USD was slightly firmer, most notably versus the CAD after Trump broke of trade negotiations with Canada. 

This week's five highlights

June 27, 2025 10:00 AM UTC

The Fragile Ceasefire Between Iran and Israel
Ukraine War Continuing Probability is Now at 70%
This Week's Slate of Fed Speakers
Seems to be tilted dovish
And Could Pressure the DXY

North American Summary and Highlights 20 Jun

June 20, 2025 7:28 PM UTC

Overview - Friday saw a sharp rise in EUR/JPY as USD/JPY and EUR/USD both advanced.  

This week's five highlights

June 20, 2025 10:00 AM UTC

Fed Hold Then Cautious Easing
Labour Market Softness Triggers a Dovish BoE Hold 
SNB Cut to Zero, But Negative Rates an Option
Norges Bank Coming (Very) Late to the Party
Riksbank Cuts and Flags Possible Further Move

North American Summary and Highlights 18 Jun

June 18, 2025 7:56 PM UTC

Overview - The USD saw a modest reaction to the FOMC announcement, but ended firmer after Chairman Powell’s press conference. 

Asia Summary and Highlights 18 Jun

June 18, 2025 5:14 AM UTC

The broad equity market remains choppy on geopolitical tension

North American Summary and Highlights 13 Jun

June 13, 2025 7:56 PM UTC

Overview - North America saw the USD correct from gains in Asia and North America, though the correction lost momentum after an Iranian retaliatory attack on Israel. 

This week's five highlights

June 13, 2025 10:00 AM UTC

Israel Strikes Iran Nuclear Facilities and Key Target
China and July 9 U.S. Reciprocal Tariff Deadline
U.S. May CPI Shows Little tariff pass-through
Soft U.S. May PPI but recent revisions have been large
UK GDP Overstating Activity

North American Summary and Highlights 11 Jun

June 11, 2025 7:54 PM UTC

Overview - The USD was softer after a weak US CPI, though less so against riskier currencies as equities struggled. 

Asia Summary and Highlights 11 Jun

June 11, 2025 5:24 AM UTC

US - China has a "handshake for a framework"

North American Summary and Highlights 10 Jun

June 10, 2025 7:48 PM UTC

Overview - Weak labor market data hit the GDP though EUR was generally firm and the USD mixed. 

Asia Summary and Highlights 10 Jun

June 10, 2025 5:01 AM UTC

Broad equity indexes in the green

North American Summary and Highlights 9 Jun

June 9, 2025 7:55 PM UTC

Overview - The USD had a mostly softer tone, a recovery in early North American trade fading in a day of limited news. 

Asia Summary and Highlights 9 Jun

June 9, 2025 4:58 AM UTC

Japan Q1 GDP Revised Higher

North American Summary and Highlights 6 Jun

June 6, 2025 7:47 PM UTC

Overview - The USD advanced before and after a resilient non-farm payroll release. Post-data USD gains were led by USD/JPY. 

This week's five highlights

June 6, 2025 10:00 AM UTC

Thoughts on Trump’s 50% Steel And Aluminum
Fed Speakers This Week
Some likely slowing for U.S. May Employment 
Consensus to hold in June for Bank of Canada 
China Banking Problems

North American Summary and Highlights 5 Jun

June 5, 2025 7:59 PM UTC

Overview - The EUR was firmer after the ECB meeting but the USD was supported by optimism on US-China trade, after taking a brief hit on higher initial claims. 

Asia Summary and Highlights 5 Jun

June 5, 2025 4:49 AM UTC

Japan Labor Cash Earning 2.3%
Australian April exports -2.4% m/m

North American Summary and Highlights 4 Jun

June 4, 2025 7:56 PM UTC

Overview - The USD fell across the board on weak ADP employment and ISM services data. 

Asia Summary and Highlights 4 Jun

June 4, 2025 5:22 AM UTC

Australian Q1 2025 GDP 0.2% q/q

North American Summary and Highlights 3 Jun

June 3, 2025 5:56 PM UTC

Overview - The USD was firmer, led by USD/JPY. Soft Eurozone CPI data restrained the EUR. US job openings saw an unexpected rise though the bulk of the USD gains came ahead of the release. 

Asia Summary and Highlights 3 Jun

June 3, 2025 5:29 AM UTC

BoJ's Ueda says Japan’s real wages are negative, wage growth may slow then rebound
RBA May meeting minutes says not yet time to move monetary policy to an expansionary setting
Australia raises its minimum wage by 3.5% according to Reuters

North American Summary and Highlights 2 Jun

June 2, 2025 7:45 PM UTC

Overview - The USD was weaker but downward momentum faded in a quiet North American session. 

Asia Summary and Highlights 2 June

June 2, 2025 5:06 AM UTC

Ukraine launched a large-scale drone offensive against Russian targets over the weekend
OPEC+ continues to hike output
Bank of Japan has boosted its provisions for JGB losses

North American Summary and Highlights 30 May

May 30, 2025 7:55 PM UTC

Overview - The USD was little changed overall, though USD/CAD slipped after stronger than expected Canadian GDP data. 

This week's five highlights

May 30, 2025 10:00 AM UTC

Court Ruling Affects Trump Reciprocal and Fentanyl Tariff
Fed Speakers This Week
RBNZ Sees a Turning Point
US Stepped-Up Tariff Threat on Eurozone
USD/JPY Stays Depressed

North American Summary and Highlights 29 May

May 29, 2025 7:59 PM UTC

Overview - The USD slipped in Europe and North America, more than fully erasing Asian gains on the court ruling against tariffs. 

Asia Summary and Highlights 29 May

May 29, 2025 5:23 AM UTC

Broad risk sentiment stays upbeat after tariff headline

North American Summary and Highlights 28 May

May 28, 2025 7:39 PM UTC

Overview - The USD slipped in Europe but more than fully erased its losses in North America. 

Asia Summary and Highlights 28 May

May 28, 2025 5:55 AM UTC

RBNZ Cut by 25bps
Japan is reportedly offering to buy up to $6.94 billion worth of US semiconductors
Japan finance minister Kato will closely monitor bond market situations

North American Summary and Highlights 27 May

May 27, 2025 7:57 PM UTC

Overview - The USD was stronger supported by gains in equities and US consumer confidence data.  

Asia Summary and Highlights 27 May

May 27, 2025 5:07 AM UTC

Japan April services PPI 3.1% y/y 

North American Summary and Highlights 23 May

May 23, 2025 7:33 PM UTC

Overview - The USD was weak, before and after renewed tariff threats from Trump against the EU and imported iPhones. 

This week's five highlights

May 23, 2025 10:00 AM UTC

Fed Speakers This Week
UK-EU Getting Back on the (Political) Fence
RBA Cut by 25bps
How Durable a Surge in UK CPI 
The Greenback Stays Pressured