Despite some unimpressive macro data, the USD continues its slow and gradual strengthening after the collapse of the last 10 days of January—a move that has now been ongoing for 21 sessions. No one will have missed the poor print of the Q4 GDP Growth Rate, which came in at just +1.4%, down from the […]
USD on the Move, FX Markets in Turmoil
After months of relatively subdued volatility in FX markets, conditions have shifted abruptly. Over the past four sessions, the USD Index has recorded its worst performance since April 2025 (the days following the initial tariff announcements). With a -0.83% decline yesterday, the greenback has depreciated to levels last seen four years ago, in February 2022. […]
RBA Holds Rates at 3.6% as AUD Extends Gains
This morning, the Reserve Bank of Australia left its policy rate unchanged at 3.6% for the fourth consecutive meeting, with AUD/USD emerging as the best performer among major currency pairs. The RBA is the first of the four major central banks meeting this week, all of which face the same challenge: balancing inflation that remains […]
