At its March 19, 2026 monetary policy meeting, the Swiss National Bank (SNB) left the official rate unchanged at 0.00%, maintaining its ultra-low-rate stance amid subdued inflation and a still-elevated Swiss franc. The Bank reiterated that sight deposits at the SNB would continue to be remunerated at the policy rate up to a certain threshold, […]
EURUSD, 2026 Runs Flat Compared to 2022
In the next 48 hours, all the major central banks in the world will meet and decide the next steps in their respective monetary policies, after the Australian RBA once again raised its benchmark rate on Tuesday morning. It starts in a few hours with the Bank of Canada, followed by the Fed, then BOJ, […]
EURUSD Struggles to Stabilize at 1.16
Since the beginning of the week, the USD has been strengthening significantly against all currencies, and the exchange rate with the euro is no exception. The rush to secure USD—potentially needed to meet upcoming financial obligations and part of the broader safe-haven demand—has pushed the USDX up by about 1.35% so far. Yesterday there was […]
USD and Gold React to the Middle East Crisis
The impact on financial markets of the coordinated US–Israel attack on Iran, which is once again destabilizing the Middle East, is already becoming evident—and most likely we are only at the beginning. Geographically, Iran occupies the entire northeastern coastline of the Persian Gulf and directly overlooks the Strait of Hormuz, through which approximately 25% of […]
AUDUSD Extends Decline After 0.7150 Rejection
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. […]
USD Index on a Softer Note Ahead of the Federal Reserve Meeting
In a week packed with macroeconomic releases—one that will see four major central banks, including the Federal Reserve, announce potential changes to their monetary policy—the USD Index (USDX) begins trading at 98.63. This places the index closer to its H2 2025 highs (100.35 recorded on 20 November) than to its semiannual lows (95.85 reached on […]
