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Hormuz hopes. Iran and Oman agreed on a proposed shipping route through the Strait of Hormuz, raising prospects for a partial reopening of the critical energy corridor and helping ease immediate oil supply concerns. Crude reality. Oil prices have fallen up to 12% this week but remain elevated enough to keep concerns over second-round inflati...

Key Takeaways US NFP report showed a loss of 23,000 jobs in July, traders pared back Fed rate hike expectations. Canada added 75,000 jobs, surpassing forecasts and boosting the Loonie against the USD. The Bank of Mexico held rates steady at 6.50%, maintaining investor confidence but signaling inflation risks. Overall, the labor market dynamics in the US and Canada high...

USD: Finds it footing before payrolls

The US dollar started the week on the back foot as reports of progress between Iran and Oman on reopening shipping routes through the Strait of Hormuz drove oil prices sharply lower and improved risk sentiment. That encouraged a rotation into higher-beta currencies and reduced some of the geopolitical premium embedded in the greenback....

Greenback rebounds from post-BoJ lows

The US dollar was higher overnight for only the second day since last Thursday’s Bank of Japan intervention that sent the USD Index to its lowest level in six weeks.

The USD’s second winning day in seven was driven by increased geopolitical tensions, with the greenback benefiting from safe-haven flows ...

Key Takeaways The US dollar is little changed this week as risk appetite improves, ahead of Friday’s payrolls report. The CAD gains ground with a narrowing yield spread against the USD, supported by better Canadian economic data and stability in global yields. The MXN strengthens amid improved global risk appetite and a rebound in Mexico’s economy. Banxico is set to hold ...