Insights

The US dollar stands at a potentially pivotal juncture. In this research note, we examine the structural drivers behind dollar strength, review the factors behind its recent decline, and evaluate …

China-US Truce Temporarily Boosts Dollar, but “Big Beautiful Bill” Raises Fiscal Perils Overall USD pessimism continued into May, underpinned by slow progress on trade deals, rising fiscal risks and a …

Key Themes Driving Currency Markets “Liberation Day” Shock Sinks Dollar At the start of April, President Trump delivered a long-awaited address regarding reciprocal tariffs. “Liberation Day” brought forth a 10% …

In our quarterly commentary we take a detailed look at the drivers of developed and emerging markets currencies over the quarter, and share our analysis of events that may impact …

Weight of Uncertainty Sinks USD U.S trade policy and the global response to tariffs were a primary FX driver in March, but the focus on tariffs was less singular this …

Uneven tariff talk and weaker outlook weigh on USD tariffs remained front and centre throughout February as markets re-evaluated the credibility of Trump’s threats. Following the postponement of tariffs on …