North American Summary and Highlights 9 January

January 9, 2025 8:56 PM UTC

Overview - In a subdued FX market focus was on the GBP, which came under pressure early before a partial recovery. 

North American Summary and Highlights 7 January

January 7, 2025 8:33 PM UTC

Overview - The USD bounced on a rise on US job openings. 

North American Summary and Highlights 20 December

December 20, 2024 8:26 PM UTC

Overview - The USD fell after weaker than expected core PCE price data. 

North American Summary and Highlights 19 December

December 19, 2024 8:45 PM UTC

Overview - The USD advanced, led first by USD/JPY after the press conference from BoJ’s Ueda, and later by the GBP, with the BoE vote to leave rates on hold seeing three dovish dissents. 

North American Summary and Highlights 18 December

December 18, 2024 9:01 PM UTC

Overview - The USD advanced on more hawkish FOMC dots and a cautious tone from Powell after an as expected 25bps easing. 

North American Summary and Highlights 17 December

December 17, 2024 8:42 PM UTC

Overview - The USD was little changed overall, though slipped versus GBP, CHF and JPY. 

North American Summary and Highlights 16 December

December 16, 2024 8:42 PM UTC

Overview - The USD made gains in Europe and early North America but subsequently slipped back. 

North American Summary and Highlights 13 December

December 13, 2024 8:39 PM UTC

Overview - GBP was weaker after a decline in UK GDP but the EUR was mostly firmer. 

North American Summary and Highlights 12 December

December 12, 2024 8:50 PM UTC

Overview - The USD advanced led by the riskier currencies and also the CHF after a 50bps SNB easing. An as expected 25bps ECB easing saw a limited response. 

North American Summary and Highlights 11 December

December 11, 2024 8:35 PM UTC

Overview - The USD advanced in Europe led by USD/JPY on a BoJ report and reversed a dip on an as expected US CPI. USD/CAD slipped after the BoC eased by 50bps but suggested more cautious moves going forward. 

North American Summary and Highlights 10 December

December 10, 2024 8:47 PM UTC

Overview - The USD made gains which faded later in the session, though USD/JPY and USD/CHF held up better. 

North American Summary and Highlights 9 December

December 9, 2024 8:44 PM UTC

Overview - Focus was on gains in Chinese equities which were not matched by the US equity markets. The USD ended slightly firmer, led by USD/JPY. 

North American Summary and Highlights 6 December

December 6, 2024 8:32 PM UTC

Overview - The USD initially slipped on a healthy non-farm payroll report, though ended firmer, with Fed speakers making it clear that the decision for the December 18 FOMC meeting has not yet been decided. 

North American Summary and Highlights 5 December

December 5, 2024 8:44 PM UTC

Overview - In a quiet day the USD saw some slippage, led by EUR/USD. 

North American Summary and Highlights 4 December

December 4, 2024 8:32 PM UTC

Overview - The USD was stronger in Europe but lost ground after weaker ISM services data. Comments from Powell were however mildly USD supportive while the French government lost a no confidence vote. 

North American Summary and Highlights 3 December

December 3, 2024 8:29 PM UTC

Overview - The USD ended little changed, but saw some movement on South Korean political drama, strong US data and somewhat dovish Fed talk. 

North American Summary and Highlights 2 December

December 2, 2024 8:40 PM UTC

Overview - The USD was little changed, lifted by ISM manufacturing data but later hit by comments from Fed’s Waller. 

North American Summary and Highlights 27 November

November 27, 2024 8:07 PM UTC

Overview - The USD was generally softer despite the US data calendar providing few surprises. 

North American Summary and Highlights 26 November

November 26, 2024 8:24 PM UTC

Overview - The USD slipped into early North America from stronger levels seen in Asia on tariff concerns, but picked up subsequently ahead of FOMC minutes that were not seen as hawkish. 

North American Summary and Highlights 25 November

November 25, 2024 8:18 PM UTC

Overview - The USD was mostly weaker after the nomination of Scott Bessent for US Treasury Secretary. 

North American Summary and Highlights 15 November

November 15, 2024 8:48 PM UTC

Overview - USD/JPY was weaker following comments by Japanese Finance Minister Katsunobu Kato in Asia, but USD losses elsewhere were corrected after a mostly solid set of US data. 

North American Summary and Highlights 14 November

November 14, 2024 8:47 PM UTC

Overview - The USD was firmer in Europe but struggled to sustain gains on the US data. However, the USD saw renewed gains after Fed’s Powell suggested he was not in a hurry to ease rates. 

North American Summary and Highlights 13 November

November 13, 2024 8:39 PM UTC

Overview - The USD ended stronger, despite seeing a modest dip after US CPI came in on consensus. 

North American Summary and Highlights 12 November

November 12, 2024 8:45 PM UTC

Overview - The USD was stronger, supported by UST yields and a weaker German ZEW survey. 

North American Summary and Highlights 11 November

November 11, 2024 8:28 PM UTC

Overview - The USD advanced in Europe but was little changed in North America on Veterans’ Day. 

North American Summary and Highlights 8 November

November 8, 2024 8:15 PM UTC

Overview -
Europe saw USD/JPY weaker but the USD advanced in North America, if less so versus the JPY.

North American Summary and Highlights 7 November

November 7, 2024 8:52 PM UTC

Overview - 25bps easings from the BoE and FOMC generated only modest market reactions. 

North American Summary and Highlights 6 November

November 6, 2024 8:02 PM UTC

Overview - After gaining sharply on the election results in Asia the USD stabilized in Europe and North America. 

North American Summary and Highlights 5 November

November 5, 2024 8:27 PM UTC

Overview -
The USD was softer despite strong ISM services data, the move seen due to position squaring ahead of the election results.

North American Summary and Highlights 4 November

November 4, 2024 8:29 PM UTC

Overview - In a quiet day the USD was a little softer in Europe but recovered in North America. CHF had a strong day. 

North American Summary and Highlights 1 November

November 1, 2024 7:08 PM UTC

Overview - US employment was weaker than expected but the USD recovered from an initial dip seen on the data. 

North American Summary and Highlights 31 October

October 31, 2024 8:00 PM UTC

Overview - A weaker GBP on fiscal concerns was the main story of the day. The USD was softer versus EUR and JPY. 

North American Summary and Highlights 30 October

October 30, 2024 7:51 PM UTC

Overview - With Eurozone GDP and German inflation data stronger than expected, the EUR was the day’s strongest performer. 

North American Summary and Highlights 29 October

October 29, 2024 7:40 PM UTC

Overview - The USD saw some gains ahead of the US data but ended mixed and little changed overall. 

North American Summary and Highlights 28 October

October 28, 2024 7:47 PM UTC

Overview - USD/JPY continued to show volatility but the USD was little changed overall in a slow news day. 

North American Summary and Highlights 25 October

October 24, 2024 7:43 PM UTC

Overview - While there was little significant news, the USD was broadly, if modestly, stronger. 

North American Summary and Highlights 23 October

October 23, 2024 7:49 PM UTC

Overview - The USD advanced versus JPY, GBP and AUD, but was little changed versus the EUR and CAD, with a 50bps Bank of Canada easing being as the market expected. 

North American Summary and Highlights 22 October

October 22, 2024 7:54 PM UTC

Overview - The USD was slightly stronger in a quiet day with little US news but some ECB and BoE talk. 

North American Summary and Highlights 21 October

October 21, 2024 7:39 PM UTC

Overview - The USD was generally stronger, if led by USD/JPY, as UST yields rose. 

North American Summary and Highlights 18 October

October 18, 2024 8:02 PM UTC

Overview - GBP bounced on stronger than expected UK retail sales but could not sustain its gains versus the EUR as EUR and JPY both rose versus the USD after softer US housing data. 

North American Summary and Highlights 17 October

October 17, 2024 7:35 PM UTC

Overview - The USD advanced on strong US data, while the EUR was weaker after a 25bps ECB easing. 

North American Summary and Highlights 16 October

October 16, 2024 7:35 PM UTC

Overview - A weaker GDP was the main story after UK CPI came in below consensus. The USD was mostly firmer, though USD/CAD was an exception. 

North American Summary and Highlights 15 October

October 15, 2024 8:00 PM UTC

Overview - GBP was supported by labor market data but CAD losses on a softer CPI were not sustained. 

North American Summary and Highlights 14 October

October 14, 2024 7:57 PM UTC

Overview - In a quiet day the USD was mostly firmer, the gains coming largely before less dovish remarks from Fed’s Waller. 

North American Summary and Highlights 11 October

October 11, 2024 7:57 PM UTC

Overview - UK GDP was on consensus, US PPI soft and Canadian employment strong, but FX movement was limited. 

North American Summary and Highlights 10 October

October 10, 2024 7:30 PM UTC

Overview - The USD was little changed after rise in initial claims slightly outweighed an above consensus US CPI, with comments from Fed’s Bostic later giving the USD some support. 

North American Summary and Highlights 9 October

October 9, 2024 7:51 PM UTC

Overview - On another quiet day the USD saw support from Fed’s Logan but FOMC minutes had little impact.