Currencies News
Market coverage tagged Currencies.
- Market Flux Event
Rising US Treasury Yields and Stablecoin Strategy Drive Broad Dollar Strength
The US dollar advanced broadly on September 24 as the 10-year Treasury yield climbed above 5.15%, pressuring major currency pairs and undercutting demand for alternative assets. EUR/USD…
- Market Flux Event
SNB Drops FX Intervention Warning as Swiss Franc Falls to 14-Month Low Against Dollar
The Swiss National Bank removed its long-standing pledge of "increased willingness" to intervene in foreign exchange markets from its policy statement on September 24, a significant shift…
- Market Flux Event
Dollar Holds Near Seven-Week Highs as Yen Slides for Third Day and Sterling Weakens
The U.S. dollar remained firm near seven-week highs on September 22, underpinned by expectations that the Federal Reserve will continue raising interest rates, putting broad pressure on…
- Market Flux Event
Dollarama Soars on Blowout Quarter as USD/JPY Holds Short-Term Gains Despite Bessent-Led Yen Intervention
Dollarama posted a standout second quarter for fiscal 2027, with sales surging 17.6% year over year to more than C$2 billion and net earnings climbing to C$349.3 million. Diluted EPS rose…
- Market Flux Event
Bessent Touts Warsh Fed Independence and Dollar Strength After Successful US-China Trade and AI Talks
Treasury Secretary Scott Bessent appeared on CNBC's "Squawk Box" on Monday, covering a range of major economic and diplomatic developments. On the Federal Reserve, Bessent confirmed that…
- Market Flux Event
Bank of Japan Raises Rates to 1.25% But Yen Slides as Ueda Signals Caution on Further Tightening
The Bank of Japan raised its benchmark interest rate by a quarter percentage point to 1.25% on September 18, bringing the policy rate to its highest level since 1995 and delivering the move…
- Market Flux Event
Fed Raises Rates 25 Basis Points and Warsh Signals Further Tightening, Sending Dollar Surging and Markets Lower
The Federal Reserve raised its benchmark interest rate by 25 basis points at its September FOMC meeting, a move markets had widely anticipated. The bigger market driver was commentary from…
- Market Flux Event
Dollar Holds Near Two-Week High as Markets Price 92% Odds of Fed Rate Hike
Currency and bond markets were largely in a holding pattern on September 16 as traders awaited the Federal Reserve's interest rate decision, with the US Dollar Index flatlined near 99.60, a…
- Market Flux Event
Bank of Korea Warns on Offshore Leverage in Samsung and SK Hynix as Global FX Markets Brace for US CPI and ECB Decision
The Bank of Korea issued a warning about tightening oversight of overseas derivatives tied to Samsung and SK Hynix, citing risks that offshore leverage is feeding back into Korea's domestic…
- Market Flux Event
Dollar Weakness and ECB Rate Decision Drive Currency Markets Ahead of Key Policy Meeting
Broad US dollar weakness dominated foreign exchange markets on September 9, 2026, lifting the euro, the British pound, and other major currencies ahead of an anticipated ECB rate decision…
- Market Flux Event
Bessent Dares Yen Bears as Dollar Hits Two-Week Low and Oil Approaches $100
Treasury Secretary Scott Bessent escalated his challenge to currency traders shorting the yen, declaring "I am the house now" and asserting that his market calls carry the weight of inside…
- Market Flux Event
Goldman Sachs, BofA and 19 Other Financial Giants Form Consortium to Launch Dollar Stablecoin in First Half of 2027
A consortium of 21 major financial institutions, including Goldman Sachs, Bank of America, Citigroup, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments, announced Tuesday plans…
- Market Flux Event
Bessent Warns BOJ on Yen Volatility as G20 Surfaces Euro Controversy Over Joint FX Intervention
US Treasury Secretary Scott Bessent used meetings on the sidelines of a G20 gathering in Asheville, North Carolina, to deliver pointed messages to Bank of Japan Governor about the yen…
- Market Flux Event
21 Major Banks Including Goldman Sachs, BofA and Citi Form Consortium to Launch Joint Dollar Stablecoin in 2027
A consortium of 21 global financial institutions, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank and UBS, has announced plans to launch a joint dollar-denominated…
- Market Flux Event
US Dollar Firms on Rate Hike Expectations as Fed Chair Warsh Speech Draws Muted FX Reaction
The US dollar gained ground on Tuesday, September 1, driven by rising rate hike expectations, though the currency's advance remained relatively contained following Federal Reserve Chairman…
- Unusual Volume
Swiss Parliamentary Panel Hands UBS Interim Win on Foreign Unit Capital Rules, Finance Minister Pushes Back
A Swiss parliamentary committee backed a compromise proposal that would soften the capital requirements UBS faces for its foreign subsidiaries, handing the bank an interim victory in its…
- Market Flux Event
Dollar Steadies in Narrow Range as Sterling and Yen Face Pressure from Hawkish Antipodean Central Banks
The US Dollar Index was confined to a tight 99.20-99.65 range on Monday, August 31, as currency markets assessed whether Friday's dollar rally had staying power. The greenback had surged…
- Market Flux Event
Japan and US Spent Record $98.7 Billion in Coordinated Yen Intervention Over Past Month
Japan's finance ministry disclosed that it spent a record $98.7 billion over the past month propping up the yen, in a rare coordinated move with the U.S. Treasury, the first joint…
- Top Mover
Dollar Tree Q2 Earnings Beat but Stock Slips on Weak Q3 Outlook Tied to Tariff Reinvestment Costs
Dollar Tree reported second-quarter fiscal 2026 net sales of $4.89 billion, up 7% year over year and above the analyst estimate of roughly $4.86 billion, while comparable-store sales rose…
- Unusual Volume
Dollar General Q2 Profit Jumps 34%, Stock Surges 10% as Full-Year Outlook Raised Sharply
Dollar General reported second-quarter earnings per share of $2.48, beating the consensus estimate of $2.00 by $0.48 and rising 33.3% year over year. Net sales reached $11.29 billion, up…
- Market Flux Event
Dollar General Surges 10% After Q2 Profit Jumps 33.8% and Full-Year Outlook Raised
Dollar General shares rose as much as 10% Thursday after the discount retailer reported second-quarter net profit growth of 33.8% year over year, fueled by improved gross margins and sales…
- Unusual Volume
Dollar Tree Beats Q2 Estimates and Raises Full-Year Outlook but Soft Q3 Guide Sends Shares Lower
Dollar Tree posted fiscal second-quarter net sales of $4.89 billion, up 7% year over year and ahead of the roughly $4.86 billion Wall Street expected, while adjusted EPS of $2.70 crushed…
- Market Flux Event
Australian Dollar Surges to Three-Month High as Hot CPI Dims RBA Rate-Cut Bets, Dollar Holds Pattern Ahead of PCE
Currency markets traded cautiously on August 26 as investors positioned ahead of two major events: the July U.S. personal consumption expenditures report due later in the day and Federal…
- Market Flux Event
US Dollar Edges Higher After New Iran Sanctions but Remains Near Multi-Month Lows Ahead of PCE Data
The US dollar edged higher on Tuesday, August 25, after the United States launched new measures against Iran, giving the currency a modest lift. Despite the gain, the dollar remained pinned…
- Market Flux Event
US Dollar Rebounds from Lows Near 99 as Treasury Buybacks, Iran Sanctions and Tariff News Drive Currency Markets
The US Dollar Index tested resistance at 99.04 on Monday, staging a partial rebound after recent weakness tied to the Treasury Department's expanded bond buyback program, which analysts say…
- Market Flux Event
Bessent Warns Any Entity Laundering Money for Iran Will Be Cut Off from the US Dollar System
US Treasury Secretary Scott Bessent on Monday announced "Operation Economic Outcast," an expanded sanctions campaign against Iran, warning that any entity facilitating money laundering on…
- Market Flux Event
GBP/USD Hits Three-Month High After UK Inflation Jumps to 2.9% in July
Sterling climbed to a three-month high against the dollar on Thursday after UK consumer price inflation accelerated to 2.9% in July, up from a 15-month low of 2.6% in June, driven largely…
- Market Flux Event
Yen Holds Near 160 Per Dollar as Intervention Risk Keeps Markets on Edge
The Japanese yen was hovering around 159.36 per dollar on August 13, remaining within striking distance of the 160 level that has historically prompted Japanese government intervention to…
- Market Flux Event
Yen Gives Back Intervention Gains as US-Japan Rift Over BOJ Policy Clouds Outlook
The Japanese yen has erased roughly half of its gains from a joint US-Japan currency intervention conducted approximately two weeks ago, with USD/JPY rebounding from a post-intervention low…
- Market Flux Event
Yen Gives Back Half Its Intervention Gains as USD/JPY Bears Eye Key Resistance Ahead of US CPI
The Japanese yen weakened roughly 1% on Monday, erasing half of the gains produced by a landmark coordinated intervention in which the US Treasury and Japan's Ministry of Finance jointly…
- Market Flux Event
U.S. Employers Cut Jobs in July, Triggering Dollar Decline and Market Rally
The U.S. labor market unexpectedly contracted in July, with employers cutting 23,000 jobs according to Bank of America data, though the unemployment rate fell to 4.1%. The disappointing…
- Market Flux Event
Dollar Steadies Ahead of Jobs Data as Yen Intervention Effects Fade
The dollar stabilized near 100.00 as markets awaited U.S. nonfarm payrolls data, with forecasts suggesting stronger-than-expected jobs numbers could lift the currency further. The yen…
- Market Flux Event
Dollar Faces Volatility as Traders Await Payrolls; Currency Markets Show Mixed Signals
FX traders are bracing for dollar volatility ahead of the US payrolls report, with analysts suggesting the greenback could retrace recent declines only in the near term. The EUR/USD shows…