Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Japanese Yen slips as US Dollar stabilizes, US PCE in focus
USD/JPY edges higher on Monday as the US Dollar (USD) finds some stability following last week’s sharp volatility, with geopolitical developments back in focus as the United States prepares to widen secondary sanctions against Iran.
Canadian Dollar: Trade shock weighs against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is the main G10 underperformer after US/Canada trade talks collapsed. Ottawa’s pledge to respond to tariffs and provide domestic aid raises uncertainty for Canadian businesses.
Federal Reserve: Jackson Hole communication focus – Wells Fargo
Wells Fargo Economics argues that Jackson Hole is often overhyped, with only a couple of truly consequential speeches in the past 14 years.
Bank of Canada: Rates seen on hold then higher – TD Securities
TD Securities expects the Bank of Canada to maintain the Overnight Rate at 2.25% through 2026, despite headline CPI near the top of its target range.
Canadian Dollar slides as Trump escalates trade war with Canada
USD/CAD extends its advance on Monday, trading around 1.3830 at the time of writing, up 0.52% on the day.
Euro: Rally vulnerable to reversal against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Euro (EUR) is softer against the Dollar (USD) after an almost 3% rally from late July, with price action turning defensive.
Canada: Tariffs reshape outlook – RBC
Royal Bank of Canada (RBC) analyzes new Section 338 U.S. tariffs on Canadian exports, noting a 50% rate on goods representing about 5% of Canada’s exports to the United States.
Euro holds ground as US Dollar steadies, markets brace for Iran sanctions
EUR/USD trades flat on Monday as the US Dollar (USD) steadies and markets settle into a calmer tone following the sharp volatility triggered by the US Treasury’s surprise buyback announcement last week. At the time of writing, the pair trades around 1.1670, hovering near levels last seen in mid-May.
Federal Reserve: Warsh faces a communication test – DBS
DBS Bank strategist Philip Wee argues that Fed Chairman Kevin Warsh’s rejection of forward guidance is amplifying market volatility and complicating the policy mix with the Treasury.
United States: Sideways growth with stagflation risks – TD Securities
TD Securities strategists expect United States (US) output growth to move sideways in 2026, with their Gross Domestic Product (GDP) tracker at 2.5% quarter-on-quarter annualized and full-year growth slightly below trend at 2.1% Q4/Q4.
Canadian Dollar: Trade war escalation threatens recent strength – MUFG
MUFG's Derek Halpenny argues the Canadian Dollar’s (CAD) reaction to the new US tariffs on USD 20bn of Canadian exports will hinge on escalation risks rather than the initial measures.
Euro: Range consolidation against US Dollar as growth gap narrows – Societe Generale
Societe Generale’s Kit Juckes notes EUR/USD has retraced half of its drop from above 1.20 to 1.1325 and is now stuck in a range as markets await fresh US data.
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July
United States Chicago Fed National Activity Index dipped from previous -0.02Â to -0.08 in July