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.

Asia Summary and Highlights 11 Sep

September 11, 2025 5:11 AM UTC

Japan August PPI +2.7% y/y

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. 

Europe Summary and Highlights 10 September

September 10, 2025 10:02 AM UTC

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

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. 

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. 

North American Summary and Highlights 8 Sep

September 8, 2025 7:44 PM UTC

Overview - The USD was marginally lower in a day of limited news other than French PM Bayrou losing a no-confidence vote, which was not a surprise to the markets. 

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. 

North American Summary and Highlights 5 Sep

September 5, 2025 7:36 PM UTC

Overview - The USD was marginally lower ahead of the US employment report and extended losses on weak data. USD/CAD was an exception, with Canada’s employment report even weaker than the US one. 

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.

This week's five highlights

September 5, 2025 10:00 AM UTC

Trump Keep the Ball Rolling
U.S. August Non-Farm Payrolls Similar to July's
This Week's Fed Speakers
More consolidation for DXY
EZ HICP Headline Inflation Edges Higher

Asia Summary and Highlights 5 Sep

September 5, 2025 4:55 AM UTC

July labor cash earnings +4.1% y/y 

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. 

Europe Summary and Highlights 4 September

September 4, 2025 10:13 AM UTC

The USD was generally marginally firmer through the European morning, gaining around 0.1% against the EUR, JPY and AUD. GBP outperformed, rising 10 pips against the USD. 

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. 

Europe Summary and Highlights 3 September

September 3, 2025 10:15 AM UTC

The USD was generally slightly softer through a quiet European morning session.

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. 

Europe Summary and Highlights 2 September

September 2, 2025 10:09 AM UTC

The USD was stronger across the board through the European morning.

North American Summary and Highlights 29 Aug

August 29, 2025 7:20 PM UTC

Overview - The USD opened the North American session firmer but was unable to sustain it gains. 

Europe Summary and Highlights 29 August

August 29, 2025 10:09 AM UTC

The USD was mixed in the European morning session.

This week's five highlights

August 29, 2025 10:00 AM UTC

Jackson Hole Review
Fed Independence Challenged By Trump
This Week's Fed Speakers
All Lead to USD Chopping Lower
India–US Trade Talks Stalled

Asia Summary and Highlights 29 Aug

August 29, 2025 4:14 AM UTC

Tokyo Headline CPI Moderates. not Core-Core

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. 

Europe Summary and Highlights 28 August

August 28, 2025 10:10 AM UTC

Another quiet session in Europe saw the USD marginally lower against most of the riskier currencies and little changed against the JPY and GBP.

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. 

Europe Summary and Highlights 27 August

August 27, 2025 10:06 AM UTC

The USD was generally stronger through the European morning.

Asia Summary and Highlights 27 Aug

August 27, 2025 4:36 AM UTC

Australian July monthly CPI 2.8% y/y 

Asia Open - Overnight Highlights

August 27, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading individually against the greenback as Trump challenges Fed's independency again by trying to fire Governor Lisa Cook. The biggest losers are TWD 0.34%, followed by MYR 0.27%, IDR 0.26%, KRW 0.24%, PHP 0.23%, THB 0.13% and INR 0.11%; while the largest winners is

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. 

Europe Summary and Highlights 26 August

August 26, 2025 10:15 AM UTC

The USD was mixed through the European morning, losing ground to the JPY, GBP AUD and CAD, but gaining against the scandis, with EUR/USD and USD/CHF little changed.

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. 

Asia Summary and Highlights 25 Aug

August 25, 2025 5:21 AM UTC

USD/JPY rebound after Friday's slump

Europe Summary and Highlights 22 August

August 22, 2025 10:08 AM UTC

EUR/USD edged higher through the European morning, rising around 15 pips to 1.16. 

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

Asia Summary and Highlights 22 Aug

August 22, 2025 4:32 AM UTC

Nvidia Orders Halt to H20 Production After China Directive Against Purchases
Japan National headline CPI 3.1% y/y, so as core but core-core 3.4% 

Asia Open - Overnight Highlights

August 22, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading mostly weaker against the greenback as market participants are seeing the September FOMC being more fluid than one-sided. The biggest losers are TWD 0.66%, followed by SGD 0.27%, INR & THB 0.21%, KRW 0.13%, IDR 0.09%, CNY 0.07%, HKD 0.02% and CNH 0.01%; while t