Recent Posts
Social•Feb 21, 2026
Dollar's Future Uncertain After Supreme Court Tariff Ruling
Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling?: The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds. Trump quickly announced a 10% across-the-board… https://t.co/J7tbFGrbJB https://t.co/8qxgJu30EZ
By Marc Chandler
Social•Feb 21, 2026
USD Stays Strong Despite Weak GDP and Tariffs
Outside of an occasional shock like around Liberation Day, it is not clear that the tariffs had much impact in the FX market. $USD held up fairly well in the face of the disappointing GDP and tariff ruling. What's...
By Marc Chandler
Social•Feb 20, 2026
Dollar Holds Firm Amid Looming Tariff Decision and US Data
Tariff Decision Day?: The US dollar is trading mostly firmer but quietly in what could be a volatile North American session. It is not just about the US data, of which there is plenty—including the PCE deflator and the first...
By Marc Chandler
Social•Feb 20, 2026
USD Firming Ahead of Data, SCOTUS Tariff Ruling
$USD enjoys a firmer tone ahead of US data and possible SCOTUS decision on POTUS use of emergency powers to levy broad tariffs. Mkt tensions over possible US-Iran conflict seems to have eased for the moment but have not...
By Marc Chandler
Social•Feb 19, 2026
North America Leads Dollar Decline, Europe Holds Firm
FX Market Awaits North American Leadership: The North American market took the dollar lower on Tuesday, and there was little follow through selling. Yesterday, the dollar as bid in North America and rather than resist, European more than Asia Pacific…...
By Marc Chandler
Social•Feb 18, 2026
Dollar Holds Firm Despite Weak Conviction and Recent Lows
US Dollar is Mostly Firmer, amid Weak Conviction: The US dollar was sold to new session lows against several currency pairs late in the North American afternoon yesterday, but there has been little follow-through today. The greenback is firmer against…...
By Marc Chandler
Social•Feb 18, 2026
USD Rebounds but Short‑term Conviction Remains Weak
$USD recovered from the late sell-off in North America yesterday. It is trading firmer against most G10 currencies, but short-term participants seem to lack much conviction. Key US data and SCOTUS still lie ahead. See https://t.co/Ax3iZrTLT7 https://t.co/01M5ylxWt7
By Marc Chandler
Social•Feb 17, 2026
UK Unemployment Surge Drives Sterling Lower Amid Pay Stagnation
UK Unemployment Rises and Private Pay Increases Slow to Five-Year Lows, Pulling Sterling Lower: The US dollar is mixed against the G10 currencies. A healthy reception to Japan’s five-year bond auction helped extend the rally in JGBs, and despite the…...
By Marc Chandler
Social•Feb 17, 2026
Weak UK Data, German Outlook Boost USD, Lift JPY
Disappointing UK jobs data and German ZEW expectations is helping the $USD extend its gains today. Robust reception to Japan's 5yr bond sales helped ignite JGB rally and lifted the $JPY. Softer US rates and heavier equities after US holiday....
By Marc Chandler
Social•Feb 16, 2026
Dollar Gains Strength Over G10 Amid Low FX Turnover
In subdued foreign exchange turnover, the dollar enjoys a firmer bias against most G10 currencies amid on broadly consolidative tone. https://t.co/cyTShaySWO
By Marc Chandler
Social•Feb 16, 2026
Euro Holds 1.1850 Amid 1.3bn Options Expiry
Note that there are 1.3 bln euro options at $1.1850 that expire today. The $euro just tested the strike and it held.
By Marc Chandler
Social•Feb 16, 2026
FX Steadies as JPY Slips on Weak Data
US and China's mainland markets are closed today. The FX market is calmer and most G10 currencies are little changed. $JPY is the notable exception as disappointing data weighs on it. See https://t.co/cyTShaySWO https://t.co/ZB9uMP7xUC
By Marc Chandler
Social•Feb 14, 2026
Markets Price 2.5 Fed Cuts as Curve Flattens
After jobs and CPI, mkt has ~2.5 Fed rate cuts discounted this year. 2-10 yr curve flattened back-to-back weeks for first time since Oct. 10 yr yield 3-month low. Be prepared for next week. See...
By Marc Chandler
Social•Feb 14, 2026
Markets Discount Fed Cuts Amid Japan Election, Tariff Uncertainty
Week Ahead: SCOTUS Decision on Tariffs? 8 Fed Officials Speak as the Market Discounts almost 65 bp of Cuts this Year: Last week began with the LDP's stunning victory in Japan. However, rather than sell-off as the market expected, the...
By Marc Chandler
Social•Feb 13, 2026
Dollar Holds Steady Pre‑CPI as China Signals Treasury De‑risking
The Dollar is Firm Ahead of January CPI: The US dollar is firm against the G10 currencies ahead of the US January CPI. The week began with news that Chinese officials were encouraging de-risking from US Treasuries. Helped by stronger...
By Marc Chandler