FX Highlights

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August 15, 2025

North American Summary and Highlights 15 Aug
Freemium Article

August 15, 2025 7:51 PM UTC

Overview - The USD was generally weaker, but stabilized in North America after falling in Europe. 

Europe Summary and Highlights 15 August
Paying Article

August 15, 2025 10:19 AM UTC

The USD moved lower through the European morning.

This week's five highlights
Freemium Article

August 15, 2025 10:00 AM UTC

U.S. July CPI a marginal disappointment
This Week's Fed Speakers
RBA Cut 25bps as expected
Job Concerns Growing for Norges Bank 
Fresh Upside Growth Surprise for UK GDP 

Asia Summary and Highlights 15 Aug
Paying Article

August 15, 2025 4:54 AM UTC

Japan preliminary Q2 GDP +0.3% q/q

Asia Open - Overnight Highlights
Paying Article

August 15, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as U.S. PPI sends shockwave throughout global market. The biggest losers are KRW 0.77%, followed by SGD 0.36%, THB 0.32%, PHP 0.29%, MYR 0.12%, TWD 0.09%, INR 0.08%, CNY 0.07% and CNH 0.01%; while the largest losers is IDR by

August 14, 2025

North American Summary and Highlights 14 Aug
Freemium Article

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. 

Europe Summary and Highlights 14 August
Paying Article

August 14, 2025 10:13 AM UTC

GBP and the USD made gains through the European morning.

Asia Summary and Highlights 14 Aug
Paying Article

August 14, 2025 5:16 AM UTC

US Treasury Secretary Scott Bessent criticised Bank of Japan saying its time to hike rates
Australia July Unemployment rate 4.2%

August 13, 2025

North American Summary and Highlights 13 Aug
Freemium Article

August 13, 2025 7:48 PM UTC

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

Asia Summary and Highlights 13 Aug
Paying Article

August 13, 2025 4:46 AM UTC

Australian Q2 2025 Wage Price Index 0.8% q/q
China hits Canadian canola with 75.8% tariffs

Asia Open - Overnight Highlights
Paying Article

August 13, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly individually against the greenback as USD chops on Trump/Powell fiasco. The biggest losers are TWD 0.36%, followed by IDR and PHP 0.06%; while the largest losers is KRW by 0.5%, SGD 0.27%, CNH 0.16%, CNY 0.1% and MYR 0.06%.
USD/CNH is trading lower at 7.1

August 12, 2025

North American Summary and Highlights 12 Aug
Freemium Article

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. 

Europe Summary and Highlights 12 August
Paying Article

August 12, 2025 10:13 AM UTC

GBP gained ground through the European morning, with EUR/GBP down 30 pips to near 0.8620 following the UK labour market data.

Asia Summary and Highlights 12 Aug
Paying Article

August 12, 2025 5:43 AM UTC

RBA cuts cash rate by 25 bps to 3.60%
Trump confirmed he extends China tariff pause for another 90 days

August 11, 2025

North American Summary and Highlights 11 Aug
Freemium Article

August 11, 2025 8:01 PM UTC

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

Europe Summary and Highlights 11 August
Paying Article

August 11, 2025 10:32 AM UTC

The USD was generally stronger through the European morning, with EUR/USD down 30 pips to 1.1640 and USD/JPY up 20 pips to 147.70.

Asia Summary and Highlights 11 Aug
Paying Article

August 11, 2025 4:50 AM UTC

Report that Nvidia, AMD to pay 15% export tax to US government
Property Developer China South City ordered to liquidate

Asia Open - Overnight Highlights
Paying Article

August 11, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as USD corrects from the weekly beating. The biggest losers are MYR 0.25%, followed by SGD and TWD 0.17%, PHP 0.15%, CNH 0.12%, KRW 0.11%, THB 0.04% and IDR by 0.01%; while the largest losers is INR by 0.05% and CNY 0.02%.
USD

August 08, 2025

North American Summary and Highlights 8 Aug
Freemium Article

August 8, 2025 7:41 PM UTC

Overview - In a quiet day the USD/JPY advanced in Europe and USD/CAD was lifted by a weak Canadian employment report. 

Europe Summary and Highlights 8 August
Paying Article

August 8, 2025 10:10 AM UTC

The USD was mixed through the European morning. 

This week's five highlights
Freemium Article

August 8, 2025 10:00 AM UTC

Trump Tougher Posture with Russia
And His Barrage of New Tariffs
Are Dragging the DXY Lower
This Week's Fed Speakers
Trump Tougher Posture with Russia

Asia Summary and Highlights 8 Aug
Paying Article

August 8, 2025 5:10 AM UTC

Japanese trade negotiator Akazawa got a refund
Reports Prime Minister Netanyahu’s proposal for the occupation of Gaza City approved

Asia Open - Overnight Highlights
Paying Article

August 8, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly stronger against the greenback as USD chops lower throughout all sessions. The biggest winners are PHP 0.87%, followed by TWD 0.64%, IDR 0.45%, THB 0.26%, SGD 0.18%, CNH 0.06%, INR 0.03% and CNY by 0.01%; while the largest losers is MYR by 0.08% and KRW

August 07, 2025

North American Summary and Highlights 7 Aug
Freemium Article

August 7, 2025 7:56 PM UTC

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

Asia Summary and Highlights 7 Aug
Paying Article

August 7, 2025 5:39 AM UTC

Trump promises very large, 100%, tariffs to come on chips and semiconductors 
Trump is threatening China with an extra 25% tariff over Russia oil buys
Reports that Trump is going to hit Japan with an extra 15% tariff

August 06, 2025

North American Summary and Highlights 6 Aug
Freemium Article

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. 

Asia Summary and Highlights 6 Aug
Paying Article

August 6, 2025 5:26 AM UTC

Japan June Labor Cash Earning 2.5% y/y

Asia Open - Overnight Highlights
Paying Article

August 6, 2025 12:24 AM UTC

EMERGING ASIA
EM currencies are trading individually against the greenback as USD stays choppy to begin the week. The biggest losers are PHP 0.48%, followed by INR 0.17%, KRW 0.1%, CNH 0.07%, TWD 0.06%, CNY 0.04% and SGD by 0.02%; while the largest winner is THB by 0.22%, MYR 0.21%, IDR 0.05%.
USD/CNH

August 05, 2025

North American Summary and Highlights 5 Aug
Freemium Article

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. 

Asia Summary and Highlights 5 Aug
Paying Article

August 5, 2025 5:05 AM UTC

Japan's Akazawa is yet to confirm the tariff agreement with the US

August 04, 2025

North American Summary and Highlights 4 Aug
Freemium Article

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. 

Europe Summary and Highlights 4 August
Paying Article

August 4, 2025 9:58 AM UTC

The USD was mostly little changed through the European morning. 

Asia Summary and Highlights 4 Aug
Paying Article

August 4, 2025 5:31 AM UTC

Broader risk atmosphere improves
USD/JPY recovers partial Friday's losses

Asia Open - Overnight Highlights
Paying Article

August 4, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading individually against the greenback as USD loses significantly in the aftermaths of Trump's tariff and weak employment. The biggest losers are THB 0.55%, followed by TWD 0.49%, MYR 0.33% and IDR by 0.23%; while the largest winner is SGD by 0.64%, KRW 0.3% PHP 0.

August 01, 2025

North American Summary and Highlights 1 Aug
Freemium Article

August 1, 2025 8:02 PM UTC

Overview - Weak US employment data for July, particularly revisions to May and June, sent the USD sharply lower. 

Europe Summary and Highlights 1 August
Paying Article

August 1, 2025 10:06 AM UTC

EUR/USD dropped 35 pips through the European morning, dipping below 1.14 for the first time since early June. 

This week's five highlights
Freemium Article

August 1, 2025 10:00 AM UTC

U.S.-EU Trade Agreement More a Framework Than a full Deal
No TACO From Trump
FOMC leaves rates unchanged
Consensus to hold for Bank of Canada 
BoJ As Expected

Asia Summary and Highlights 1 Aug
Paying Article

August 1, 2025 5:29 AM UTC

Trump hit Canada with 35% tariff, 39% for Switzerland
Japan Finance Minister Kato says he is alarmed over FX moves, driven by speculators

Asia Open - Overnight Highlights
Paying Article

August 1, 2025 12:11 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as USD gain strongly on Trump reimposing tariffs on the August 1st deadline. The biggest losers are PHP 0.611.27%, followed by THB 0.61%, MYR 0.59%, TWD 0.55% IDR 0.38%, KRW 0.21%, INR 0.2%, SGD 0.12% and CNY by 0.04%; while

July 31, 2025

North American Summary and Highlights 31 Jul
Freemium Article

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. 

Europe Summary and Highlights 31 July
Paying Article

July 31, 2025 10:05 AM UTC

The USD gained strongly through the European morning, particularly against the JPY. 

Asia Summary and Highlights 31 Jul
Paying Article

July 31, 2025 5:46 AM UTC

The BoJ kept rates unchanged at 0.5% in the July 31st meeting with inflation forecast revised higher
Trump announces a trade deal with South Korea

July 30, 2025

North American Summary and Highlights 30 Jul
Freemium Article

July 30, 2025 7:46 PM UTC

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

Europe Summary and Highlights 30 July
Paying Article

July 30, 2025 10:12 AM UTC

The USD was little changed through the European morning.

Asia Summary and Highlights 30 Jul
Paying Article

July 30, 2025 5:27 AM UTC

Australia Q2 2025 Headline CPI 2.1%y/y
Tsunami warnings have been issued across much of Japan's eastern coastline

Asia Open - Overnight Highlights
Paying Article

July 30, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as USD continue its recovery. The biggest losers are TWD 0.61%, followed by IDR 0.34%, PHP 0.27%, INR 0.19% THB 0.14%, SGD 0.09%, MYR 0.07% and KRW by 0.04%; while the only winners are CNY by 0.03% and CNH 0.02%.
USD/CNH is tr

July 29, 2025

Asia Summary and Highlights 29 Jul
Paying Article

July 29, 2025 6:11 AM UTC

Trump shortens Russia-Ukraine peace deadline to 12 days
U.S. Commerce Secretary Howard Lutnick said a 90-day extension to the U.S.–China trade truce was the likely outcome of ongoing negotiations in Stockholm

July 28, 2025

Europe Summary and Highlights 28 July
Paying Article

July 28, 2025 10:17 AM UTC

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

Asia Summary and Highlights 28 Jul
Paying Article

July 28, 2025 5:03 AM UTC

The E.U. and U.S. reach an agreement on trade
U.S. equities upbeat on U.S. EU deal 

Asia Open - Overnight Highlights
Paying Article

July 28, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as USD gained strongly after a weekly dip. The biggest losers are PHP 0.81%, followed by KRW 0.78%, THB 0.36%, SGD 0.31% CNY & CNH 0.21%, IDR & TWD 0.17%, MYR 0.15% and INR by 0.13%.
USD/CNH is trading higher at 7.1679 from 7.