North American Summary and Highlights 14 Aug

August 14, 2025 7:52 PM UTC

Overview - GBP made gains on UK GDP data but the USD rose across the board after a strong US PPI. 

North American Summary and Highlights 13 Aug

August 13, 2025 7:48 PM UTC

Overview - The USD was softer on Fed easing expectations, with most of the move seen in Europe. 

North American Summary and Highlights 12 Aug

August 12, 2025 7:41 PM UTC

Overview - The USD slipped after near consensus US CPI data. Labor market data earlier gave support to the GBP. 

North American Summary and Highlights 11 Aug

August 11, 2025 8:01 PM UTC

Overview - In a session with limited news the USD was broadly stronger. 

North American Summary and Highlights 7 Aug

August 7, 2025 7:56 PM UTC

Overview - GBP bounced after a narrower than expected BoE vote for easing. Elsewhere moves were modest. 

North American Summary and Highlights 6 Aug

August 6, 2025 7:46 PM UTC

Overview - The USD was generally weaker, assisted by a more dovish tone from Fed’s Kashkari and Cook. 

North American Summary and Highlights 5 Aug

August 5, 2025 7:38 PM UTC

Overview - The USD rose in Europe led by USD/JPY, but slipped in North America, led by EUR/USD. 

North American Summary and Highlights 4 Aug

August 4, 2025 7:18 PM UTC

Overview - It was a subdued day in FX markets though USD/JPY was slightly softer despite gains in equities. 

North American Summary and Highlights 31 Jul

July 31, 2025 7:58 PM UTC

Overview - JPY weakness after the BoJ meeting was the story of the day though the USD was marginally firmer elsewhere. 

North American Summary and Highlights 30 Jul

July 30, 2025 7:46 PM UTC

Overview - The USD advanced on strong US data and a hawkish tone from Fed’s Powell. 

This week's five highlights

July 25, 2025 10:00 AM UTC

Japan's LDP Likely Lose Control of the Japan Upper House
Mission Accomplished for Japan?
Trump Deals with Japan, Philippines and Indonesia
USD/JPY Consolidating
ECB Policy ‘On Hold’ Leaves Easing Door Open

This week's five highlights

July 18, 2025 10:00 AM UTC

Trump’s Tariffs and Markets
This Week's Fed Speakers
And Slate of U.S. Data Showing Limited Tariff pass-through 
China: GDP Resilient in Q2
UK Services Inflation Fails to Fall Further

North American Summary and Highlights 17 Jul

July 17, 2025 7:38 PM UTC

Overview - The USD was slightly firmer, the gains coming largely before what was generally positive US data. 

North American Summary and Highlights 16 Jul

July 16, 2025 8:00 PM UTC

Overview - The USD had a volatile North American session, plunging on a report that Trump was about to fire Fed Chairman Powell, before seeing a partial recovery after Trump denied he was planning to do so.  

North American Summary and Highlights 15 Jul

July 15, 2025 7:41 PM UTC

Overview - The USD, with UST yields, rebounded to finish higher after a brief dip on a slightly softer than expected US core CPI. 

North American Summary and Highlights 14 Jul

July 14, 2025 7:33 PM UTC

Overview - The USD was mostly stronger though EUR/USD was relatively resilient, rising in Europe before slipping back in North America.  The NOK was stronger despite slippage in oil. 

North American Summary and Highlights 10 Jul

July 10, 2025 7:58 PM UTC

Overview - The USD was slightly firmer, mostly versus the Europeans, assisted by a fall in initial claims. 

North American Summary and Highlights 9 Jul

July 9, 2025 7:55 PM UTC

Overview - The USD was slightly softer as UST yields slipped in a largely subdued day. 

North American Summary and Highlights 7 Jul

July 7, 2025 7:41 PM UTC

Overview - The USD was stronger, particularly after Trump announced tariffs against various countries, starting with Japan and South Korea. USD/JPY led the way but gains there were steady through the day with the tariff announcement having more initial impact elsewhere. 

This week's five highlights

July 4, 2025 10:00 AM UTC

Trump Tariffs: Update
Some signs of slowing activity in U.S. June Employment 
These Week's Fed Speaker
DXY Fresh Lows
EZ HICP and ECB Strategy

North American Summary and Highlights 3 Jul

July 3, 2025 7:42 PM UTC

Overview - The USD bounced on a stronger than expected US employment headlines but with details mixed only USD/JPY was able to sustain its gain, responding to higher UST yields. 

North American Summary and Highlights 2 Jul

July 2, 2025 8:05 PM UTC

Overview - Fiscal worries saw the GBP particularly weak. Elsewhere the USD reversed European gains in North America. 

North American Summary and Highlights 1 Jul

July 1, 2025 7:56 PM UTC

Overview - The USD slipped in Europe though reversed its losses in North America, supported by stronger job openings. 

North American Summary and Highlights 30 Jun

June 30, 2025 7:50 PM UTC

Overview - The USD weakened in North America after being little changed in the European morning. 

North American Summary and Highlights 26 Jun

June 26, 2025 7:51 PM UTC

Overview - The USD was softer in both Europe and North America, with eyes on the Fed more than mixed US data. 

North American Summary and Highlights 25 Jun

June 25, 2025 7:39 PM UTC

Overview - The USD advanced in Europe, USD/JPY leading, but fell back in North America, EUR/USD leading. 

North American Summary and Highlights 24 Jun

June 24, 2025 7:39 PM UTC

Overview - The USD consolidated in Europe before seeing renewed slippage in North America as Powell’s testimony, while cautious over easing, sustained hopes for lower rates should inflation avoid an expected acceleration on tariffs. 

North American Summary and Highlights 23 Jun

June 23, 2025 7:37 PM UTC

Overview - The USD advanced in Europe but reversed in North America on dovish comments from Fed’s Bowman. 

North American Summary and Highlights 17 Jun

June 17, 2025 7:54 PM UTC

Overview - The USD saw broad based gains on Middle East risks, despite weak US economic data. 

North American Summary and Highlights 16 Jun

June 16, 2025 7:48 PM UTC

Overview - The USD advanced versus the JPY but was weaker versus the riskier currencies as hopes built for an end to the conflict between Israel and Iran. Equities and UST yields advanced while oil slipped.

North American Summary and Highlights 12 Jun

June 12, 2025 7:20 PM UTC

Overview - The USD was softer, particularly versus the EUR, with most of the move coming before weak US PPI and initial claims data. 

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.