A much stronger-than-expected US non-farm payroll print in July fueled market expectations of a more aggressive Fed. EUR/USD fell to 1.016, dangerously nearing parity again.
A stronger-than-expected US Service ISM print in July paved the way for the dollar to recoup against the Japanese yen, while oil-related currencies welcomed OPEC+'s decision.
The Japanese yen continues to attract safe haven flows, with China threatening to use military force if House Speaker Nancy Pelosi makes a historic visit to Taiwan. Meanwhile, the RBA rate hike did not boost the AUD.
The US dollar's momentum continues to deteriorate as the market speculates that the Federal Reserve will be forced to reverse its rate hikes due to a recession.
Volatility erupted in the forex market after the United States officially entered a technical recession, with buyers flocking to the Japanese yen as US yields tumbled.
Recession fears lower German yields, weakening EUR/USD, while selling pressures weigh on Hungarian forint (HUF) and Polish zloty (PLN) amid Russian gas disruption
EUR/USD recovered 1.025 levels, boosted by rising expectations of an ECB half-point raise at tomorrow’s meeting
The US dollar's momentum is waning as traders rethink the Fed's strategy and technical charts provide bearish signals.
Risk-sensitive currencies such as the Australian dollar and the British pound are advancing against the dollar, as concerns about US and Chinese demand subside.
With Italy in trouble and the Fed contemplating a 100bps rate, the euro slipped below parity with the dollar.
A shockingly high inflation rate caused the US yield curve to invert the most since February 2007, at the onset of the subprime mortgage crisis.
The dollar's wild rally continues, with EUR/USD falling to 1.01 and USD/JPY staying above 137, as US labour market data prompted further Fed tightening.
Commodity currencies might provide efficient short-term hedges against global supply issues
EUR/CHF retraced back to parity levels as fears of a European recession intensified. Major central banks ratcheted up their rhetoric on interest rates