North American Summary and Highlights 11 Sep

September 11, 2025 7:40 PM UTC

Overview -
The USD slipped on a sharp rise in initial claims, despite a slightly stronger than expected US CPI.

North American Summary and Highlights 10 Sep

September 10, 2025 7:39 PM UTC

Overview - The USD was little changed with a dip on a soft US PPI being quickly reversed. 

North American Summary and Highlights 9 Sep

September 9, 2025 7:39 PM UTC

Overview - USD/JPY slipped in Europe but rebounded in North America as the US advanced generally. 

North American Summary and Highlights 4 Sep

September 4, 2025 7:46 PM UTC

Overview - The USD was marginally firmer ahead of the non-farm payroll, though Thursday’s US data was mixed. 

North American Summary and Highlights 3 Sep

September 3, 2025 7:46 PM UTC

Overview - The USD was generally slightly softer, particularly after weaker US job openings data. 

North American Summary and Highlights 2 Sep

September 2, 2025 7:34 PM UTC

Overview - The USD advanced in Europe, most prominently versus the GBP as fiscal policy worries escalated. 

North American Summary and Highlights 28 Aug

August 28, 2025 7:44 PM UTC

Overview - In a subdued session the USD was slightly softer despite positive US economic data. 

North American Summary and Highlights 27 Aug

August 27, 2025 7:29 PM UTC

Overview - Modest USD gains in the European morning were fully erased in North America, with little fresh news but focus on the Fed. 

North American Summary and Highlights 26 Aug

August 26, 2025 7:58 PM UTC

Overview - The USD remained under some pressure due to Trump threats to Fed independence. 

North American Summary and Highlights 25 Aug

August 25, 2025 7:54 PM UTC

Overview - The USD was generally stronger, particularly versus the EUR due to French political concerns. 

This week's five highlights

August 22, 2025 10:00 AM UTC

No Ceasefire Agreement from Trump-Putin Summit
Slow Progress for U.S./China Trade Deal
Riksbank Still Flagging Final Rate Cut
RBNZ Guidance with Dovish Surprise 
UK CPI Pull Even Higher by   Special Factors

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.