Global
Global
Spot Performance
Gain (+) or loss (-) against USD, year to date, %, updates daily
Represents the percentage change, along with the minimum and maximum change in the nominal exchange rate relative to the US dollar year to date.
Global
DXY-Weighted Yield Differential
Foreign-US 10-year government bond yield differentials, %
Represents the difference between the 10-year US Treasury yield and a weighted basket of 10-year yields for the Euro Area, Japan, the UK, Canada, Sweden, and Switzerland. Positive values indicate higher yields in US dollars relative to other currencies, while negative values imply the opposite.
Global
Currency Volatility
Realized 3-month historical G7 currency volatility v. implied volatility, 3-month ATM options, updates weekly
Represents realized volatility - the scale and frequency of moves over the prior three months - and implied volatility - the market’s expectations of moves over the next three months. Realized volatility is measured using the annualized standard deviation of daily returns over a three-month rolling time horizon, and implied volatility is derived from at-the-money three-month currency options.
Global
Equity Volatility
VIX Volatility Index, NSA, adjusted for breaks, updates daily
The VIX Volatility Index is a measure of the stock market's expectation of volatility based on S&P 500 index options. It does not directly measure volatility in currency markets, but large movements in global foreign exchange rates are often associated with spikes in the VIX.
Global
Speculative Positioning
Net long (+) or short (-) futures position held by large speculators, billions US dollars, updates weekly
The Commodity Futures Trading Commission's weekly Commitments of Traders report provides a breakdown of the net positions for "non-commercial" (speculative) traders in US futures markets. Market participants follow the data to identify extreme long or short positions in a currency - something that can signal a trend reversal.
Global
Turnover by Currency
"Net-Net" basis, April 2022 daily averages, billions USD
Turnover by Currency measures the USD-equivalent value of spot contracts executed on a global basis during an average trading day. Figures on a "net-net" basis are corrected for local and cross-border inter-dealer double-counting.
Global
Turnover by Instrument
"Net-Net" basis, April 2022 daily averages, billions USD
Turnover by Instrument measures the USD-equivalent value of spot transactions, outright forwards, foreign exchange and currency swaps, options non-deliverable forwards, and other contracts executed on a global basis during an average trading day. Figures on a "net-net" basis are corrected for local and cross-border inter-dealer double-counting.
Latest Analysis
Latest Analysis
Rising Unemployment Hits Both US and Canadian Dollars
06 December, 2024
The US job creation engine came back to life in November after October’s strike- and hurricane-related slowdown, but the rebound likely wasn’t strong enough to derail the Federal Reserve’s easing plans....
US jobs report in focus
05 December, 2024
• Marking time. Markets essentially in a holding pattern ahead of tonight’s US jobs report. Easing French political concerns support EUR.• US jobs. Non-farm payrolls in focus. Reaction likely to...
Subpar growth weighs on the AUD
04 December, 2024
• Positive vibes. Equities power ahead. USD treads water. AUD underperforms. US data solid but not spectacular overnight.• AUD tumbles. Weaker than expected GDP weighs on AUD. Growth has slowed across...
Markets Steady After South Korean Shock
04 December, 2024
The dollar is pushing higher, Treasury yields are steadying, and equity futures are advancing as the French government moves closer to collapse and Federal Reserve chair Jerome Powell prepares to deliver...
AUD: Temporary GDP hammer blow?
04 December, 2024
The now dated Q3 Australian GDP has exerted downward pressure on the AUD (now ~$0.6415) with the already sluggish underlying growth picture undershooting analysts forecasts. This won’t surprise businesses...
Markets calm despite political turbulence
03 December, 2024
• Political news. Political developments in South Korea & ongoing issues in France dominated the international news flow the past 24hrs.• Calm markets. However, market spillovers were limited. European...
Dollar Rally Eases on Waller Comments, Euro Remains Under Pressure
03 December, 2024
The dollar is trading with a softer bias this morning after Federal Reserve Governor Waller suggested that he would support cutting rates at the central bank’s next meeting, helping put pressure on the...
French politics rattles FX markets
02 December, 2024
• Mixed markets. Equities push higher while French political issues weighed on the EUR. This supported the USD. AUD & NZD lost ground.• US data. ISM manufacturing better than expected. US job openings...
Dollar Rallies Back, Euro Tumbles
02 December, 2024
The ‘US exceptionalism’ theme is back to driving markets this morning, helping the dollar snap a three-day losing streak against most of its rivals. The euro is coming under pressure as the French government...
US jobs in the spotlight this week
01 December, 2024
• Positive tone. A solid end to November with US & European equities rising. Bond yields dipped. AUD & NZD edged a bit higher.• JPY revival. JPY rebound has weighed on USD/JPY & the USD. Narrowing...