FX Highlights

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May 14, 2025

Europe Summary and Highlights 14 May
Paying Article

May 14, 2025 10:11 AM UTC

The USD fell back across the board through the European morning, with the JPY the best performer.

Asia Summary and Highlights 14 May
Freemium Article

May 14, 2025 5:02 AM UTC

Australian Q1 wage price index +0.9% q/q
Japan April PPI +0.2% m/m 

Asia Open - Overnight Highlights
Paying Article

May 14, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are trading individually against the greenback as the U.S. CPI tread lower and drove most action only in NA session. The largest loser is THB by 0.6%, followed by PHP 0.57%, MYR 0.5%, TWD 0.46% and HKD 0.08%; while the biggest winner is SGD 0.39%, KRW 0.18%, INR  0.0

May 13, 2025

North American Summary and Highlights 13 May
Freemium Article

May 13, 2025 8:05 PM UTC

Overview - The USD was weaker across the board after US CPI came in on the low side of expectations. 

Europe Summary and Highlights 13 May
Paying Article

May 13, 2025 10:13 AM UTC

The USD was generally fairly steady through the European morning, with EUR/USD and USD/JPY not much changed.

Asia Summary and Highlights 13 May
Freemium Article

May 13, 2025 5:30 AM UTC

BoJ Dep Gov Uchida says there is upside & downside risk from US tariffs on Japan's prices
Japan finance minister Kato wants to discuss FX with Bessent

May 12, 2025

North American Summary and Highlights 12 May
Freemium Article

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. 

Europe Summary and Highlights 12 May
Paying Article

May 12, 2025 10:09 AM UTC

The USD gained ground across the board through the European morning, showing particular strength against the JPY and CHF as the US announced a trade deal with China with a reduction in reciprocal tariffs to 10% with other measures postponed for 90 days. 

Asia Summary and Highlights 12 May
Freemium Article

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

Asia Open - Overnight Highlights
Paying Article

May 12, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are trading individually against the greenback as Trump's comment towards weekend China-U.S. talk supported risk sentiment in the NA session. The largest loser is THB by 0.55%, followed by MYR 0.43%, IDR 0.12%, HKD 0.06% and TWD 0.04%; while the biggest winner is KRW

May 09, 2025

North American Summary and Highlights 9 May
Freemium Article

May 9, 2025 7:40 PM UTC

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

Europe Summary and Highlights 9 May
Paying Article

May 9, 2025 10:09 AM UTC

The USD was a little softer against the EUR and JPY through the European morning, EUR/USD gaining 20 pips to 1.1245 and USD/JPY losing 20 pips to 145.25. 

This week's five highlights
Freemium Article

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

Asia Summary and Highlights 9 May
Freemium Article

May 9, 2025 4:56 AM UTC

Japan March Labor Cash Earnings +2.1% y/y

Asia Open - Overnight Highlights
Paying Article

May 9, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are trading mostly weaker against the greenback as USD marches higher on the prospect of a potential trade deal. The largest loser is INR by 1.03%, followed by MYR 0.99%, KRW 0.91%, SGD 0.52%, PHP 0.38%, THB 0.37%, CNY 0.21%, CNH 0.2% and HKD 0.16%,; while the biggest

May 08, 2025

North American Summary and Highlights 8 May
Freemium Article

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. 

Europe Summary and Highlights 8 May
Paying Article

May 8, 2025 10:08 AM UTC

USD/JPY gained nearly a big figure to near 145 in the European morning as equity markets continued to advance. 

Asia Summary and Highlights 8 May
Freemium Article

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

May 07, 2025

North American Summary and Highlights 7 May
Freemium Article

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. 

Europe Summary and Highlights 7 May
Paying Article

May 7, 2025 10:00 AM UTC

The USD made modest gains through the European morning, rising around 0.1% against the JPY, GBP, CAD and AUD, but was little changed against the EUR and CHF. 

Asia Summary and Highlights 7 May
Freemium Article

May 7, 2025 5:22 AM UTC

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

Asia Open - Overnight Highlights
Paying Article

May 7, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are trading individually against the greenback as EM currencies consolidate recent moves. The largest loser is MYR by 0.73%, followed by TWD 0.52%, INR 0.23%m CNH 0.12%, IDR 0.09% and HKD 0.04%,; while the biggest winner is THB by 1.23%, followed by CNY 0.73%, PHP 0.2

May 06, 2025

North American Summary and Highlights 6 May
Freemium Article

May 6, 2025 7:58 PM UTC

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

Europe Summary and Highlights 6 May
Paying Article

May 6, 2025 10:15 AM UTC

The USD was mixed through the European morning, falling back against the JPY but gaining slightly against most of the riskier currencies. 

Asia Summary and Highlights 6 May
Freemium Article

May 6, 2025 5:15 AM UTC

Regional sentiment is upbeat on Tuesday

May 05, 2025

North American Summary and Highlights 5 May
Freemium Article

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
Freemium Article

May 5, 2025 5:25 AM UTC

Risk sentiment slumped on Monday

Asia Open - Overnight Highlights
Paying Article

May 5, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are trading higher against the greenback as risk appetite returns strong. The only loser is INR by 0.37%; while the biggest winner is TWD by 3.82%, followed by KRW 1.66%, MYR 1.39%, THB 1.07%, IDR 1.01%, SGD 0.97%, CNH 0.91%, PHP 0.49% and HKD 0.09%.
USD/CNH is trading

May 02, 2025

North American Summary and Highlights 2 May
Freemium Article

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. 

Europe Summary and Highlights 2 May
Paying Article

May 2, 2025 10:12 AM UTC

The USD fell back through the European morning, with EUR/USD rising 40 pips to 1.1350, and USD/JPY falling 70 pips to 144.50.

This week's five highlights
Freemium Article

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 

Asia Summary and Highlights 2 May
Freemium Article

May 2, 2025 5:29 AM UTC

China says the US has sought to begin trade talks and is thinking about it
Japan March unemployment rate 2.5%

Asia Open - Overnight Highlights
Paying Article

May 2, 2025 12:00 AM UTC

EMERGING ASIA
Most EM currencies are closed for trading to observe their respective holiday. The biggest losers are SGD by 0.37%, followed by CNH 0.1% and HKD 0.01%.
USD/CNH is trading lower at 7.789 from 7.2698 previously closed. Onshore spot market is closed. 12 month NDF followed both the on/offsho

May 01, 2025

North American Summary and Highlights 1 May
Freemium Article

May 1, 2025 6:55 PM UTC

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

Europe Summary and Highlights 1 May
Paying Article

May 1, 2025 10:04 AM UTC

The USD was mixed in the European morning.

Asia Summary and Highlights 1 May
Freemium Article

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

April 30, 2025

North American Summary and Highlights 30 April
Freemium Article

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. 

Europe Summary and Highlights 30 April
Paying Article

April 30, 2025 10:17 AM UTC

The USD was generally stronger through the European morning, gaining around 15 pips against the EUR to 1.1365 and half a figure on USD/JPY, which traded up above 143.

Asia Summary and Highlights 30 April
Freemium Article

April 30, 2025 4:57 AM UTC

Australian Q1 2025 headline inflation 2.4% y/y

Asia Open - Overnight Highlights
Paying Article

April 30, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies perform mostly stronger against the USD with the broad risk sentiment tilts positive on more potential auto tariff easing. The biggest winners are MYR by 0.85%, followed by THB 0.78%, TWD 0.74%, IDR 0.55%, PHP 0.5%, CNH 0.23%, CNY 0.22%, KRW 0.15% and SGD 0.07%; while the

April 29, 2025

North American Summary and Highlights 29 April
Freemium Article

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. 

Europe Summary and Highlights 29 April
Paying Article

April 29, 2025 10:19 AM UTC

The USD was a little firmer through the European morning, particularly against the JPY and CHF, with only marginal gains against the riskier currencies. 

Asia Summary and Highlights 29 April
Freemium Article

April 29, 2025 5:22 AM UTC

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

April 28, 2025

North American Summary and Highlights 28 April
Freemium Article

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. 

Europe Summary and Highlights 28 April
Paying Article

April 28, 2025 10:04 AM UTC

GBP strength was then main feature of the European morning. 

Asia Summary and Highlights 28 April
Freemium Article

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

Asia Open - Overnight Highlights
Paying Article

April 28, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies perform individually against the USD with the broad risk sentiment tilts positive on more potential tariff easing The biggest winners are PHP by 0.55%, followed by IDR 0.24%, CNY 0.03%, CNH & HKD 0.02% and TWD 0.01%; while the largest losers are KRW by 0.5%, followed by TH

April 25, 2025

North American Summary and Highlights 25 April
Freemium Article

April 25, 2025 7:30 PM UTC

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

Europe Summary and Highlights 25 April
Paying Article

April 25, 2025 10:18 AM UTC

The USD was mixed in a fairly quiet European morning session.

This week's five highlights
Freemium Article

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