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Foreign Exchange (FX) Research Hub

Global currency markets are currently characterized by a broadly stronger US Dollar, which is reclaiming its safe-haven status amid tech-sector volatility and resilient domestic services data showing persistent price pressures. In Japan, the Bank of Japan is increasingly focused on underlying trend inflation reaching 2%, yet the Yen continues to face significant pressure with USD/JPY projected to test the 160-162 range. This weakness persists despite expectations for policy normalization and rate hikes, potentially necessitating sustained intervention from Tokyo officials following the February snap election. In Europe, the British Pound is facing tactical short positions as analysts anticipate the Bank of England will eventually cut rates toward a 3% terminal rate, far exceeding current market pricing. Meanwhile, the Euro remains under technical pressure, with EUR/USD undergoing a pullback despite pockets of resilience in German industrial orders and an improving Eurozone growth outlook supported by increased defense spending. Overall, FX volatility is being driven by diverging central bank paths and a delay in US labor data, keeping market attention fixed on upcoming rate decisions and geopolitical shifts.

1893 reports available

Fx Weekly thumbnail

Fx Weekly

Crédit Agricole Corporate and Investment Bank·Jul 10, 2026

This report analyzes the G10 FX market outlook, highlighting the persistence of low FX volatility amidst Middle East tensions and the continued dominance of USD-funded carry trades.

FX Volatility Monitor thumbnail

FX Volatility Monitor

Crédit Agricole Corporate and Investment Bank·Jul 8, 2026

The report highlights depressed G10 FX volatility and identifies NOK/SEK as a compelling candidate for shorting volatility due to its inverted term structure and unique z-score matrix positioning.

Summer Lull Or Summer Vol thumbnail

Summer Lull Or Summer Vol

Crédit Agricole CIB·Jul 10, 2026

This report analyzes FX market sentiment amid US-Iran geopolitical tensions and provides updates on CAD, JPY, and NOK. Markets remain resilient with low volatility, favoring G10 carry trades in the absence of significant escalations.

FX Daily thumbnail

FX Daily

Crédit Agricole CIB·Jul 9, 2026

The market is absorbing US-Iran geopolitical tensions with limited impact on major currencies. Focus remains on central bank hawkishness, specifically the RBNZ's positive stance for the NZD versus the EUR's consolidation.

FX Daily thumbnail

FX Daily

Crédit Agricole Corporate and Investment Bank·Jul 7, 2026

This report covers the impact of upcoming French legal rulings on EUR/USD, the market outlook for RBNZ rate decisions, and ongoing trends in CHF and Australian housing market rhetoric.

USD: Only Half A Smile But Still An Asymmetric Reaction Function thumbnail

USD: Only Half A Smile But Still An Asymmetric Reaction Function

Crédit Agricole Corporate and Investment Bank·Jul 6, 2026

The USD has lost upward momentum as market participants reassess hawkish Federal Reserve expectations. The report anticipates an asymmetric FX reaction function where the USD is more sensitive to downside data surprises than positive ones.

FX Weekly

Crédit Agricole CIB·Jul 3, 2026

FX Daily

Crédit Agricole Corporate and Investment Bank·Jul 3, 2026

FX Market Outlook: USD Still The King

Crédit Agricole Corporate and Investment Bank·Jul 1, 2026

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