Resilience of Emerging Market FX Under Test: Fed Rate Hikes Trigger Carry Trade Unwind as the US Dollar Continues to Strengthen

Main pointsFed rate hikes have triggered the unwinding of carry‑trade positions, putting downward pressure on emerging‑market FX (EM FX). Although weak nonfarm payrolls (NFP) data have eased near‑

CSOPOct 4 21:53

FX Guide: Yield Curve Flattening Supports Stronger US Dollar

Main pointsThe Fed's hawkish stance is supporting the U.S. dollar, while a flattening yield curve is also bullish for the greenback. Last week, the Fed raised interest rates by 25 basis points, and

CSOPSep 23 13:50

JPM FX Positioning Monitor: First signs of U.S. dollar buying since late July

Main pointsThe U.S. dollar saw its first substantial buying since late July. Last week, driven by positive developments—including the U.S. nonfarm payrolls (NFP), the Consumer Price Index (CPI), and

CSOPSep 21 03:43

Goldman Sachs FX Morning Call Summary: Energy and Foreign Exchange—Greater Stickiness, But Waning Dominance

Main pointsThe impact of record-high energy prices on exchange rates has been structurally divergent: front‑end interest rates and energy‑sensitive currencies have stood out, yet the overall U.S.

CSOPSep 16 13:32

Actions Following the Rhetoric: Goldman Sachs’ View on the US Dollar, Japanese Yen, Hungarian Forint, South African Rand, and G10 Currencies

Main pointsThe U.S. dollar is weighed down by economic data, and uncertainty surrounding the policy reaction function is driving downside risks. Goldman Sachs attributes the dollar's recent weakness

CSOPSep 12 10:04

Global Markets Daily: Policy Divergence Drives G10 FX Trading

Main pointsInterest-rate-based G10 FX strategies perform exceptionally well when policy divergence is pronounced. The report outlines two interest-rate–driven G10 FX trading approaches: "Hikers vs

CSOPSep 11 12:22