Market Update 20/05/2025
USD: Moody’s Downgrade Sparks Two-Way Action
The USD swung in both directions Friday as markets reacted to a late-session credit downgrade. Moody’s cut the U.S. rating to Aa1 from Aaa, citing rising debt concerns.
While immediate reactions were muted, equities softened slightly after-hours and USD/JPY pulled back ~20 pips.
Market Update 16/05/2025
USD: Mixed Data Keeps USD Volatile, Post-CPI Softness Lingers
The dollar saw choppy trading after a raft of mixed U.S. data. CPI softness and weaker-than-expected PPI initially pressured the greenback, though it later firmed as markets reassessed the rate outlook. GBP/USD outperformed, while AUD and NZD lost ground late in the session.
Market Update 14/05/2025
USD: Extended Losses Post-CPI, AUD & NZD Led G10 Gains
The U.S. dollar slipped broadly after April CPI came in softer than expected (0.2% MoM vs 0.3% exp), easing rate hike concerns and fueling risk appetite. EUR, GBP, AUD, and NZD all rallied, while USD/JPY and USD/CAD pulled back.
Market Update 13/05/2025
USD: Broadly Softer into the Close, Antipodeans Outperform
The U.S. dollar softened into the NY close despite firm yields, allowing AUD and NZD to retest intraday highs. Earlier strength had been supported by resilient jobless claims and a steady FOMC tone. EUR and GBP also extended gains, while USD/JPY slipped from highs.
USD: Broadly Softer into the Close, Antipodeans Outperform
The U.S. dollar softened into the NY close despite firm yields, allowing AUD and NZD to retest intraday highs. Earlier strength had been supported by resilient jobless claims and stable FOMC tone. The EUR and GBP both extended gains while USD/JPY slipped off highs.
Market Update 12/05/2025
USD: Broadly Softer into the Close, Antipodeans Outperform
The U.S. dollar softened into the NY close despite firm yields, allowing AUD and NZD to retest intraday highs. Earlier strength had been supported by resilient jobless claims and stable FOMC tone. The EUR and GBP both extended gains while USD/JPY slipped off highs.
Market Update 07/05/2025
USD: Broad-based Weakness Amid Trade Deficit Concerns and FOMC Caution
The US dollar softened across the board overnight. A wider-than-expected trade deficit for March (USD -140.5b vs -137.2b exp.) signaled potential front-loading ahead of tariff risks. Meanwhile, FOMC members are expected to maintain the Fed funds rate at 4.25–4.50%, emphasizing a cautious, data-dependent approach amid persistent inflation risks and economic uncertainty.
Market Update 05/05/2025
USD: Cautious Optimism as Data and Sentiment Balance
The US dollar gained modest strength, bolstered by mixed economic data. Initial jobless claims came in higher than expected at 241k (vs 223k forecast), pointing to some softness in the labor market. However, the ISM Manufacturing Index edged up to 48.7 (vs 47.9 forecast), helping balance sentiment.
Market Update 02/05/2025
U.S. Market:
At the opening of the New York session, Wall Street weakened but later recovered some losses. The Dow Jones Industrial Average turned positive in the late morning session, while the S&P 500 and Nasdaq remained down around 1%.
Market Update 01/05/2025
U.S. Market:
At the opening of the New York session, Wall Street weakened but later recovered some losses. The Dow Jones Industrial Average turned positive in the late morning session, while the S&P 500 and Nasdaq remained down around 1%.
Market Update 29/04/2025
U.S. Market:
At the opening of the New York session, Wall Street weakened but later recovered some losses. The Dow Jones Industrial Average turned positive in the late morning session, while the S&P 500 and Nasdaq remained down around 1%.
