MXN is the clear underperformer for another session. The trading team has remained long the pair via topside options they put on a while...

Currency watching can be puzzling over the last month as low yielders gain ground and the dollar posts heavy losses. The USD currently...

The chart below shows our measure of the dollar and front-end interest rate spreads (USD rates vs G10). Both increasing on the session as...

The Mexican pesos is tracking losses of 6.4% on the month, its third monthly decline and second worst this year. Earlier in August,...

Monday session saw headlines of domestic risks to Mexican peso push dollar/peso higher, the INE has validated Morena's super majority...

Both a paring of ECB easing bets and a build up of Fed rate cut wagers have taken the OIS ECB-Fed spread to shrink to 100bps by June of...

While EURUSD reached the highest level since July 2023, FX Flow Monitor shows hedge funds sold some EUR rallies last week. Probably as...

Through most of this year, EUR/USD has been contained by a 1.10 to 1.06 range. This month’s break higher and the advent of a new policy...

The dollar bottomed this week's G10FX performance as it fell 2.3% vs the Japanese yen, the franc gained 2.2%, and the kiwi rose 3.0%. The...

Currencies have gained ground vs the U.S. dollar as it declines across the board. Questioning which side of the basket may look overdone...

We saw a continuation of yen strength vs major currencies, however, trading was mixed as the kiwi, franc, and sterling posted gains....

The main FX casualty in the vol spike was FX carry, which will be hard-pressed to recover the dominant status it enjoyed throughout the...

The cut from 25bp to 3.50% was delivered as widely expected. The Riksbank message of “two to three” more rate cuts for 2024 was however a...

This week, CFTC data showed hedge funds turning net long JPY futures, a switch from a net short that has been held since early 2021 While...

Our measure of the dollar has dipped to the lowest level since March on Monday session, a Bloomberg dollar index has fallen to the lowest...

**As seen in Online Tools>U.S. Inflation Dashboard, subscribe at cablefxm.co.uk/reports Our own measure of U.S. inflation surprises...

July U.S. inflation report showed headline prices easing to 2.9% Y/y, the lowest since 2021. We have previously shown the CPI slowly...

Noting EUR/USD option markets skewed towards euro calls into the 1m tenor, risk reversals have retraced since yesterday's market reaction...

A Republican clean sweep is the most bullish scenario for the dollar medium term. Loose fiscal, tight monetary policy plus tariffs are...

Going back to the 1980s, every time the U.S. Treasury curve steepened from deep inverted levels, a U.S. recession along with an equity...