North American Summary and Highlights 12 May

May 12, 2025 7:44 PM UTC

Overview - The USD rose across the board after the US and China agreed to substantially cut tariffs on each other. 

Asia Summary and Highlights 12 May

May 12, 2025 4:53 AM UTC

Trump says he is about to make "one of the most important and impactful" tweet ever
Trump says prescription drug and pharma prices will be reduced almost immediately
U.S. equities outperform regional equities on upbeat mood

North American Summary and Highlights 9 May

May 9, 2025 7:40 PM UTC

Overview - The USD was mostly slightly softer in a subdued day of trading. 

This week's five highlights

May 9, 2025 10:00 AM UTC

India, Pakistan, and the New Escalation Paradigm
Tariff Man Posing for Another Strike
FOMC leaves rates unchanged, sees increased risk on both sides of mandate
BoE Divided by Scenarios
Norges Bank Policy Easing Continues to be Deferred
Riksbank Fresh Easing Hints Confirmed

North American Summary and Highlights 8 May

May 8, 2025 7:52 PM UTC

Overview - The USD advanced on optimism on trade. A deal with the UK helped, but the main impetus was Trump comments raising hopes for progress in weekend talks with China. 

Asia Summary and Highlights 8 May

May 8, 2025 5:16 AM UTC

Trump says he’ll announce “major” trade deal Thursday
Chinese Embassy in the US says China will not compromise its principles in trade talks

North American Summary and Highlights 7 May

May 7, 2025 8:00 PM UTC

Overview - The USD saw a marginal dip on the FOMC statement but ended firmer after Powell’s press conference. 

Asia Summary and Highlights 7 May

May 7, 2025 5:22 AM UTC

India Launches Missile Strikes on Alleged Terror Camps in Pakistan
U.S.-China to meet on trade

North American Summary and Highlights 6 May

May 6, 2025 7:58 PM UTC

Overview - The USD was generally weaker, with losses becoming broader based in North American trade. 

Asia Summary and Highlights 6 May

May 6, 2025 5:15 AM UTC

Regional sentiment is upbeat on Tuesday

North American Summary and Highlights 5 May

May 5, 2025 7:36 PM UTC

Overview - The USD opened weaker on renewed trade policy concerns but saw some recovery after a stronger ISM services index. 

Asia Summary and Highlights 5 May

May 5, 2025 5:25 AM UTC

Risk sentiment slumped on Monday

North American Summary and Highlights 2 May

May 2, 2025 7:29 PM UTC

Overview - The USD saw some slippage in Europe but there was little FX response to a healthy US employment report. 

This week's five highlights

May 2, 2025 10:00 AM UTC

The Hope for A Peace Deal in Ukraine Seems Not Close
China South China Sea Tensions
U.S. Q1 GDP dips while Imports Surge goes into Inventories and Business Investment
U.S. April Employment Will Provide few Clear Signals for Labor Market Weakness
BoJ Halved 2025 GDP Forecast 

North American Summary and Highlights 1 May

May 1, 2025 6:55 PM UTC

Overview - The USD was stronger after ISM manufacturing data came in less weak than feared.

Asia Summary and Highlights 1 May

May 1, 2025 5:58 AM UTC

BoJ kept rates unchanged at 0.5%
US Treasury announces agreement to establish US-Ukraine reconstruction investment fund

North American Summary and Highlights 30 April

April 30, 2025 7:48 PM UTC

Overview - The USD was generally stronger in Europe. A dip in Q1 US GDP had a limited impact on FX markets. 

Asia Summary and Highlights 30 April

April 30, 2025 4:57 AM UTC

Australian Q1 2025 headline inflation 2.4% y/y

North American Summary and Highlights 29 April

April 29, 2025 7:53 PM UTC

Overview - The USD was a little firmer in Europe but corrected in North America after a record advance goods trade deficit, USD/JPY leading the move in each direction. 

Asia Summary and Highlights 29 April

April 29, 2025 5:22 AM UTC

Early polls are suggesting Carney will win the Canadian election with minority

North American Summary and Highlights 28 April

April 28, 2025 7:39 PM UTC

Overview - GBP strength was the most notable move in Europe, but North America saw broad based USD slippage. 

Asia Summary and Highlights 28 April

April 28, 2025 5:15 AM UTC

Equities started the week on a soft note
Japan top currency diplomat Mimura says Completely untrue about media report that Bessent said stronger yen preferable

North American Summary and Highlights 25 April

April 25, 2025 7:30 PM UTC

Overview - In a fairly quiet day’s trading, the main move was a bounce in EUR/JPY. 

This week's five highlights

April 25, 2025 10:00 AM UTC

All Eyes Remain on Trump
First Sign of De-escalation between U.S. and China?
Fed Speakers latest View
Minor Rebound for the USD
USD/JPY Continue to Chop

North American Summary and Highlights 24 April

April 24, 2025 7:44 PM UTC

Overview - The USD was weaker in Europe but more stable in North America, if with some late losses.  

Asia Summary and Highlights 24 April

April 24, 2025 4:39 AM UTC

Japan economy minister Akazawa to visit the U.S. for tariff talks from April 30
Trump admin told Japan it cannot give Japan special tariff treatment

North American Summary and Highlights 22 April

April 22, 2025 7:42 PM UTC

Overview - The USD erased Monday’s losses assisted by Treasury Secretary Bessent looking for de-escalation with China. 

Asia Summary and Highlights 22 April

April 22, 2025 4:30 AM UTC

Japan economy min Akazawa confirms agriculture will not be compromised in US tariff talks
Japan's Finance Minister to meet with US Treas Sec Bessent to discuss FX matters

North American Summary and Highlights 17 April

April 17, 2025 7:45 PM UTC

Overview - With the ECB easing as expected, FX movements were modest but riskier currencies managed modest gains. 

Asia Summary and Highlights 17 April

April 17, 2025 5:22 AM UTC

Australia March 2025 unemployment rate 4.1% & Employment Change +32.2K
Japan PM Ishiba says talks with the US were constructive
Bank of Japan Governor Ueda says Japan's real interest rate remains very low

North American Summary and Highlights 16 April

April 16, 2025 7:57 PM UTC

Overview - Equities fell on chip export restrictions and comments from Fed’s Powell. This saw the USD weaker. 

Asia Summary and Highlights 16 April

April 16, 2025 5:16 AM UTC

Global risk sentiment sour with Chinese tough stance against tariff

North American Summary and Highlights 15 April

April 15, 2025 7:40 PM UTC

Overview - It was and day of limited FX movement, though EUR and CAD were softer after weak data. 

Asia Summary and Highlights 15 April

April 15, 2025 4:31 AM UTC

Japan finance minister Kato says negative impacts of excessive FX volatility
RBA minutes suggest May meeting an opportune time to consider reacting to potential risks

North American Summary and Highlights 14 April

April 14, 2025 7:26 PM UTC

Overview - Equities saw modest gains while UST yields fell significantly. The USD however was little changed. 

Asia Summary and Highlights 14 April

April 14, 2025 4:50 AM UTC

Trump’s tariff on Chinese smartphones, computers and other tech products reportedly exempted from the 145% tariff 

North American Summary and Highlights 11 April

April 11, 2025 7:34 PM UTC

Overview - The USD remained under pressure, but came off its lows in North America. 

This week's five highlights

April 11, 2025 10:00 AM UTC

U.S. Trade Complication Persists
Prospect of a U.S.-China Trade Deal
U.S. March CPI Shows Pre-tariff momentum appears lower than was realised
And a barrage of Fed Speakers 
USD/JPY Searching for Lower Grounds 

North American Summary and Highlights 10 April

April 10, 2025 7:46 PM UTC

Overview - Despite a soft US CPI, equities slipped back after Wednesday’s surge and the USD fell across the board. 

Asia Summary and Highlights 10 April

April 10, 2025 5:18 AM UTC

The risk sentiment remains choppy on Thursday

North American Summary and Highlights 9 April

April 9, 2025 7:37 PM UTC

Overview - Risk appetite surged after Trump announced a tariff pause excluding a fresh escalation against China, lifting USD/JPY and the risk-sensitive currencies. 

Asia Summary and Highlights 9 April

April 9, 2025 5:05 AM UTC

Reserve Bank of New Zealand cuts rate by 25bp to 3.75%