The euro just posted its strongest two-week gain against the dollar since 2023. The driver is not European strength — it is American weakness. Here is why 1.10 is the next target.
Read Full Brief →The Bank of England held rates at 5.25% while signaling no cuts until inflation durably hits 2%. Sterling is now the highest-yielding G7 currency, and the carry trade is back.
Read Full Brief →China just announced a $150B infrastructure package. Iron ore is spiking. The Aussie dollar is the cleanest way to play the China reflation trade — and it just broke out.
Read Full Brief →The yen is back near 150 and the BOJ has a history of surprise intervention at exactly these levels. Here is the playbook, the risk, and what to watch.
Read Full Brief →Weak US jobs data has reignited Fed cut bets. The DXY dropped 1.2% in two sessions. Here is the macro map for every major currency pair if the Fed pivots in June.
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