Europe Summary and Highlights 20 November

November 20, 2025 11:15 AM UTC

The JPY recovered some ground through the European morning, with USD/JPY dropping 60 pips from the open at 157.78 to a low of 157.17 before bouncing slightly to 157.35.

Europe Summary and Highlights 19 November

November 19, 2025 11:23 AM UTC

JPY weakness was the main feature of the European morning. 

Europe Summary and Highlights 18 November

November 18, 2025 11:08 AM UTC

Then USD was mixed through the European morning, making some gains against the European currencies and the JPY, but falling back against the commodity currencies, reflecting a mild risk positive tone as equities edged back up after overnight losses.

Europe Summary and Highlights 17 November

November 17, 2025 11:15 AM UTC

Then USD was generally firmer through the European morning, gaining against almost all the major currencies, with GBP holding its own, and scandis making some gains.

Europe Summary and Highlights 14 November

November 14, 2025 11:17 AM UTC

Then USD was generally firmer through the European morning, gaining against almost all the major currencies, with only the CHF and GBP holding their own.

Europe Summary and Highlights 13 November

November 13, 2025 11:16 AM UTC

Then USD fell back across the board through the European morning.

Europe Summary and Highlights 12 November

November 12, 2025 11:07 AM UTC

USD/JPY continued to advance through the European morning, making another new post February high at 154.91, with EUR/JPY making another new all time high at 179.30.

Europe Summary and Highlights 10 November

November 10, 2025 11:29 AM UTC

EUR/NOK dropped 4 figures to trade below 11.70 in the European morning, after stronger than expected October CPI data.

Europe Summary and Highlights 7 November

November 7, 2025 11:16 AM UTC

The USD moved slightly lower through a quiet European morning session.

Europe Summary and Highlights 6 November

November 6, 2025 11:07 AM UTC

The USD saw some modest losses against GBP and the JPY through the European morning, with the scandis also making gains, while most other pairs were little changed.

Europe Summary and Highlights 5 November

November 5, 2025 11:06 AM UTC

The USD made some very modest gains through the European morning, edging less than 0.1% higher against most currencies. 

Europe Summary and Highlights 3 November

November 3, 2025 11:18 AM UTC

The EUR fell back in the European morning, dropping 25 pips to 1.1515 after failing a test of the 1.1540 resistance area in late Asia.

Europe Summary and Highlights 31 October

October 31, 2025 11:12 AM UTC

The USD was generally not much changed through a quiet European morning.

Europe Summary and Highlights 30 October

October 30, 2025 11:15 AM UTC

The JPY continued to weaken through the European morning, extending overnight losses following the Fed and BoJ decisions, with USD/JPY gaining around half a figure to 153.95.

Europe Summary and Highlights 29 October

October 29, 2025 11:16 AM UTC

GBP fell back against then EUR in the European morning session, with EUR/GBP extending yesterday’s gains to make another new high for the year at 0.8814, the highest since May 2023. GBP/USD was also 15 pips lower on the morning, while EUR/USD gained 15 pips to 1.1645.

Europe Summary and Highlights 28 October

October 28, 2025 11:12 AM UTC

The USD was marginally softer in a quiet European morning session.

Europe Summary and Highlights 27 October

October 27, 2025 11:12 AM UTC

The USD was generally softer through the European morning, with EUR/USD gaining 15 pips to 1.1640, and USD/JPY down 25 pips to 152.75. 

Europe Summary and Highlights 24 October

October 24, 2025 10:20 AM UTC

The USD was generally not much changed through the European morning, but EUR/USD did manage gains of around 15 pips helped by stronger than expected preliminary October PMI data. Eurozone composite PMI rose to 52.2, its highest since May 2023, driven primarily by a sharp rise in the German services

Europe Summary and Highlights 23 October

October 23, 2025 12:05 PM UTC

AUD/USD gained 20 pips to 0.6510, USD/JPY rose 20 pips to 152.60, EUR/NOK fell 4 figures to 111.58 and EUR/GBP lost 10 pips to 0.8685 in the European morning.

Europe Summary and Highlights 22 October

October 22, 2025 10:19 AM UTC

GBP was the biggest mover on the morning, with EUR/GBP rising 30 pips to 0.8710 on the back of a weaker than expected UK September CPI number, which showed the headline inflation rate unchanged at 3.8% and the core dropping to 3.5% from 3.6%. UK 2 year yields dropped 10bps on the news.

Europe Summary and Highlights 21 October

October 21, 2025 10:40 AM UTC

USD/JPY was the main mover in the European morning, gaining to 151.80 in a choppy session.

Europe Summary and Highlights 20 October

October 20, 2025 10:15 AM UTC

The USD was generally slightly firmer against the riskier currencies through the European morning, with EUR/USD dropping 15 pips to 1.1660 and AUD/USD down around 10 pips to 0.6495.

Europe Summary and Highlights 17 October

October 17, 2025 10:16 AM UTC

EUR/USD fell back 20 pips through the European morning to trade below 1.17, and the riskier currencies were generally slightly softer against the USD, while USD/JPY and USD/CHF were net little changed after dropping in early trading.

Europe Summary and Highlights 16 October

October 16, 2025 10:16 AM UTC

There was a risk positive tone to European morning trading.

Europe Summary and Highlights 14 October

October 14, 2025 10:15 AM UTC

The USD was generally firmer through the European morning.

Europe Summary and Highlights 13 October

October 13, 2025 10:24 AM UTC

The USD and the riskier currencies made gains through the European morning as equity markets recovered from Friday’s dip triggered by Trump’s threat of increased tariffs on China.

Europe Summary and Highlights 10 October

October 10, 2025 10:12 AM UTC

There was little net change in any of the majors through the European morning.

Europe Summary and Highlights 9 October

October 9, 2025 10:15 AM UTC

There was little net change in any of the majors through the European morning.

Europe Summary and Highlights 8 October

October 8, 2025 10:07 AM UTC

USD/JPY continued to rise through the European morning, gaining 55 pips to 152.95, with the USD otherwise not much changed, although GBP, SEK and CAD were all a little stronger, gaining 0.1-0.2%.

Europe Summary and Highlights 7 October

October 7, 2025 10:09 AM UTC

The USD gained around 20 pips against both the EUR and JPY through the European morning.

Europe Summary and Highlights 6 October

October 6, 2025 10:20 AM UTC

The USD gained ground across the board through the European morning.

Europe Summary and Highlights 3 October

October 3, 2025 10:21 AM UTC

Then USD weakened through the European morning, with the JPY once again leading the way. 

Europe Summary and Highlights 2 October

October 2, 2025 10:12 AM UTC

Then USD weakened through the European morning, with the JPY once again leading the way.

Europe Summary and Highlights 1 October

October 1, 2025 10:10 AM UTC

Then JPY gained ground on the crosses through the European morning, with the USD lower against the JPY but higher against the EUR and mixed against the other riskier currencies. 

Europe Summary and Highlights 30 September

September 30, 2025 10:16 AM UTC

The USD was generally weaker through the European morning, with the JPY once again he best performer.

Europe Summary and Highlights 29 September

September 29, 2025 10:27 AM UTC

The USD fell back against the JPY but was slightly firmer against the risker currencies in the European morning.

Europe Summary and Highlights 26 September

September 26, 2025 10:13 AM UTC

The commodity currencies weakened moderately through the European morning session, with AUD/USD falling 15 pips to 0.6525, USD/CAD rising 10 pips to 1.3950, and EUR/NOK up 2 figures to 11.72.

Europe Summary and Highlights 25 September

September 25, 2025 10:06 AM UTC

A quiet European session saw no significant change in any of the G10 currencies.

Europe Summary and Highlights 24 September

September 24, 2025 9:56 AM UTC

The USD traded higher across the board through the European morning.

Europe Summary and Highlights 23 September

September 23, 2025 10:09 AM UTC

The USD traded lower against the JPY through the European morning, dropping 20 pips to 147.60, and against the AUD, with AUD/USD rising 15 pips to 0.6605, but only edged very slightly lower against the EUR, which pushed up just above 1.18. EUR/USD dipped early on in response to weaker than expected

Europe Summary and Highlights 22 September

September 22, 2025 10:13 AM UTC

The USD traded mostly lower through the European morning, with EUR/USD gaining 35 pips and USD/JPY losing 35 pips.

Europe Summary and Highlights 18 September

September 18, 2025 10:12 AM UTC

The USD was generally lower through the European morning, except against the JPY. 

Europe Summary and Highlights 17 September

September 17, 2025 9:54 AM UTC

The USD was mixed through the European morning, with a risk negative bias to trading. 

European Summary and Highlights 16 September

September 16, 2025 10:45 AM UTC

EUR/USD gained 35 pips through the European morning, threatening the highs of the year at 1.1830 seen in July. 

Europe Summary and Highlights 15 September

September 15, 2025 10:04 AM UTC

The USD was generally a little weaker through the European morning.

Europe Summary and Highlights 10 September

September 10, 2025 10:02 AM UTC

 A very quiet European morning session saw very little FX movement.

Europe Summary and Highlights 9 September

September 9, 2025 10:11 AM UTC

USD/JPY fell half a figure to below 146.50 through the European morning, helped by a report quoting BoJ sources as indicating that the October and December meetings were “live”, with the potential for a rate hike. 

Europe Summary and Highlights 8 September

September 8, 2025 10:03 AM UTC

The USD was generally weaker through the European morning, mainly against the JPY and AUD. 

Europe Summary and Highlights 5 September

September 5, 2025 10:13 AM UTC

The USD was generally weaker through the European morning, losing 0.1-0.2% across the board.