North American Summary and Highlights 6 September

September 6, 2024 7:52 PM UTC

Overview - US employment data was weaker than expected but probably not sufficiently so to see the Fed easing by 50bs in September. USD/JPY ended weaker but the USD advanced against the riskier currencies. 

North American Summary and Highlights 5 September

September 5, 2024 7:42 PM UTC

Overview - The USD fell on ADP data but recovered on ISM services data, ending little changed overall. 

North American Summary and Highlights 4 September

September 4, 2024 7:55 PM UTC

Overview - The USD, already marginally on the defensive in Europe, slipped on weaker US job openings data. 

North American Summary and Highlights 3 September

September 3, 2024 7:50 PM UTC

Overview - The JPY extended gains in Europe. Oil prices slipped sharply which depressed UST yields, but related losses in the USD proved temporary. 

Europe/Latam Summary and Highlights 2 September

September 2, 2024 3:30 PM UTC

The USD moved gently higher in Europe against most majors, with trading thinned due to the U.S. holiday.

North American Summary and Highlights 30 August

August 30, 2024 7:44 PM UTC

Overview -
The USD advanced after subdued core PCE price data, with the income and spending details not seen as soft enough to justify a 50bps Fed easing in September.

North American Summary and Highlights 29 August

August 29, 2024 7:56 PM UTC

Overview - The EUR slipped in Europe on softer German CPI data while an upward US GDP revision gave the USD a modest boost in North America. 

North American Summary and Highlights 28 August

August 28, 2024 7:47 PM UTC

Overview - The EUR slipped in Europe while the USD was marginally firmer elsewhere as equities slipped. 

North American Summary and Highlights 27 August

August 27, 2024 7:52 PM UTC

Overview - After a quiet European morning the USD saw some slippage in North America. 

North American Summary and Highlights 26 August

August 26, 2024 7:29 PM UTC

Overview - In generally subdued trading USD/JPY saw some recovery from its post-Powell slide.  

N America Summary and Highlights 23 August

August 23, 2024 3:41 PM UTC

USD fell after Powell signalled a Sep 18 cut. 

North American Summary and Highlights 15 August

August 15, 2024 8:00 PM UTC

Overview - After a quiet European morning the USD bounced on stronger retail sales and initial claims data, though with equities strong the riskier currencies saw some recovery from their initial losses. 

North American Summary and Highlights 14 August

August 14, 2024 7:38 PM UTC

Overview - GBP fell on a weaker than expected UK CPI while the USD was little changed on a near consensus US CPI. 

North American Summary and Highlights 13 August

August 13, 2024 7:47 PM UTC

Overview - The USD fell across the board after softer than expected US PPI data. 

North American Summary and Highlights 12 August

August 12, 2024 7:34 PM UTC

Overview - In a mostly quiet session USD/JPY saw gains in Europe that were corrected in North America.  

North American Summary and Highlights 9 August

August 9, 2024 7:32 PM UTC

Overview - In a very subdued day’s trading AUD and JPY saw marginal slippage, but most pairs saw little change.  

North American Summary and Highlights 8 August

August 8, 2024 7:45 PM UTC

Overview - Lower than expected US initial claims lifted the USD against the JPY and CHF, but gains in equites supported the riskier currencies.  

North American Summary and Highlights 7 August

August 7, 2024 7:57 PM UTC

Overview - Early equity gains faded, as did strength in the riskier currencies, but EUR/USD and USD/JPY were fairly stable.  

North American Summary and Highlights 6 August

August 6, 2024 7:47 PM UTC

Overview - Recovery in equities gave support to the commodity currencies, but ranges tightened for USD/JPY and EUR/USD.  

North American Summary and Highlights 5 August

August 5, 2024 7:54 PM UTC

Overview - Europe saw a volatile morning, with the JPY the main beneficiary of weaker risk appetite. Firmer US ISM services data saw the JPY off its highs, but a recovery in equities lost momentum. 

North American Summary and Highlights 1 August

August 1, 2024 7:44 PM UTC

Overview - There was only a limited reaction to a BoE easing. Weak US data weighed on the USD versus the JPY and CHF but as equities slipped the USD advanced against the riskier currencies. 

North American Summary and Highlights 31 July

July 31, 2024 7:56 PM UTC

Overview - The BoJ rate hike lifted the JPY in Europe. The reaction to the FOMC was modest, though Powell seeing a September easing as on the cards, if not decided upon, saw the USD edge a little lower.  

North American Summary and Highlights 30 July

July 30, 2024 7:48 PM UTC

Overview - The USD advanced in Europe but reversed in North America, led by a stronger JPY.  

North American Summary and Highlights 29 July

July 29, 2024 7:34 PM UTC

Overview - The USD saw modest gains on a slow news day. GBP led the USD advance in the European morning but recovered in North America.  

North American Summary and Highlights 26 July

July 26, 2024 7:45 PM UTC

Overview - The USD ended little change. USD/JPY did advance in Europe, but corrected lower after subdued US core PCE price data. 

North American Summary and Highlights 25 July

July 25, 2024 7:47 PM UTC

Overview - The USD was lifted by strong US GDP data, but the move was sustained only on USD/JPY.  

North American Summary and Highlights 24 July

July 24, 2024 7:57 PM UTC

Overview - USD/JPY fell but ended off its lows as the USD was supported by rising long end yields as the UST curve steepened.  

North American Summary and Highlights 23 July

July 23, 2024 7:48 PM UTC

Overview - While equities were quiet there was a risk negative tone to FX trading, with the JPY stronger and the commodity currencies weaker.  

North American Summary and Highlights 22 July

July 22, 2024 7:37 PM UTC

Overview - In mostly quiet trade the JPY made early gains which were partially corrected later in the day.  

North American Summary and Highlights 19 July

July 19, 2024 7:28 PM UTC

Overview - It was a quiet day for FX though GBP and CAD both saw some losses after weak retail sales data.  

North American Summary and Highlights 18 July

July 18, 2024 7:44 PM UTC

Overview - The ECB and US data got a modest reaction but the USD subsequently built broad based gains.  

North American Summary and Highlights 17 July

July 17, 2024 7:38 PM UTC

Overview - The USD weakened in Europe on comments from Trump but North American trade was quiet.  

North American Summary and Highlights 15 July

July 15, 2024 7:37 PM UTC

Overview - The USD ended marginally firmer despite a brief dip on comments from Fed’s Powell.  

North American Summary and Highlights 12 July

July 12, 2024 7:50 PM UTC

Overview - The USD was softer after mixed US PPI data, particularly versus the JPY. 

North American Summary and Highlights 11 July

July 11, 2024 7:46 PM UTC

Overview - The USD, USD/JPY in particular, fell sharply on a lower than expected CPI though ended off its lows.  

North American Summary and Highlights 10 July

July 10, 2024 7:52 PM UTC

Overview - The USD was little changed overall, advancing versus the JPY but slipping versus the GBP after comments from BoE’s Pill.  

North American Summary and Highlights 9 July

July 9, 2024 7:56 PM UTC

Overview - The USD made modest gains on Powell’s testimony, though he provided few surprises.  

North American Summary and Highlights 8 July

July 8, 2024 7:50 PM UTC

Overview - There was not much FX movement though EUR/JPY hit a 32-year high before correcting.  

North American Summary and Highlights 5 July

July 5, 2024 7:53 PM UTC

Overview - GBP saw post-election gains while the USD ended lower after US employment details came in mostly on the weak side.  

North American Summary and Highlights 4 July

July 4, 2024 3:23 PM UTC

Nothing of any real note to report in the European afternoon with the US on holiday. FX rates were essentially stable, although the CAD managed marginal gains.

North American Summary and Highlights 3 July

July 3, 2024 7:45 PM UTC

Overview - The USD slipped after weaker labor market and ISM services data, but finished off its lows.  

North American Summary and Highlights 2 July

July 2, 2024 7:49 PM UTC

Overview - The USD was weaker after Fed’s Powell expressed optimism that disinflation had resumed.  

North American Summary and Highlights 1 July

July 1, 2024 7:57 PM UTC

Overview - A subdued session saw the USD slightly higher as UST yields increased despite soft US data.  

North American Summary and Highlights 28 June

June 28, 2024 7:24 PM UTC

Overview - A rise in EUR/JPY was the main move of the day. The USD was little changed overall despite weak core PCE price data.  

North American Summary and Highlights 27 June

June 27, 2024 7:24 PM UTC

Overview - JPY and CHF were weak, despite the USD being restrained by data that was on balance softer than expected.