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Consolidation Featured after Yesterday's Big FX Moves

February 12, 2026
The general tone in the foreign exchange market is one of consolidation after yesterday’s stronger than expected January jobs data injected volatility into dollar trading. The news stream is light and tomorrow the US reports January CPI. Japan’s markets re-opened after yesterday’s holiday and extended the yen’s recovery marginally and the JGB rall…
Consolidation Featured after Yesterday's Big FX Moves Consolidation Featured after Yesterday's Big FX Moves Reviewed by Marc Chandler on February 12, 2026 Rating: 5
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US Jobs Data Due while the Confrontation with Iran is Approaching a Climax

February 11, 2026
The US dollar is softer against all the G10 currencies. The powerful short squeeze continues to lift the yen, though Japan was on holiday today. Defying expectations, the yen, and Japanese bonds have rallied since the LDP’s sweeping electoral victory. The combination of a stronger yen and lower yields may look like a classic sell the “sell the rum…
US Jobs Data Due while the Confrontation with Iran is Approaching a Climax US Jobs Data Due while the Confrontation with Iran is Approaching a Climax Reviewed by Marc Chandler on February 11, 2026 Rating: 5
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Greenback Consolidates after Yesterday's Shellacking

February 10, 2026
After yesterday’s sharp losses, the US dollar is mostly consolidating with a firmer bias against the G10 currencies. The yen is the exception. The unexpected post-election gains have been extended through the local session and the European morning. The very long-end of the Japanese yield curve also extended its counter-intuitive rally, with the 30…
Greenback Consolidates after Yesterday's Shellacking Greenback Consolidates after Yesterday's Shellacking Reviewed by Marc Chandler on February 10, 2026 Rating: 5
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Dramatic Victory for Takaichi, Beijing Cautions on US Treasuries, and Starmer's Woes Persist Dramatic Victory for Takaichi, Beijing Cautions on US Treasuries, and Starmer's Woes Persist Reviewed by Marc Chandler on February 09, 2026 Rating: 5
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Week Ahead: Does the Dollar's Upside Correction have more Room to Run?

February 07, 2026
The US dollar rose against the G10 currencies last week but the Australian and New Zealand dollars. Without much in the way of new supportive developments, we frame its gains primarily in technical terms after the dramatic sell-off the appears to have been spurred by the bellicose nature of the US attitude toward Greenland. The nomination of Warsh…
Week Ahead: Does the Dollar's Upside Correction have more Room to Run? Week Ahead: Does the Dollar's Upside Correction have more Room to Run? Reviewed by Marc Chandler on February 07, 2026 Rating: 5
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After Extending Its Gains, the Greenback Softens

February 06, 2026
The US dollar is seeing this week’s gains pared against most of the G10 currencies today. The Australian dollar has recovered from a two-week low set earlier today and is the only G10 currency that has gained on the greenback this week. The Reserve Bank of Australia raised rates earlier this week and the market has brought forward its expectation …
After Extending Its Gains, the Greenback Softens After Extending Its Gains, the Greenback Softens Reviewed by Marc Chandler on February 06, 2026 Rating: 5
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ECB and BOE to Stand Pat, while USD is mostly Firmer

February 05, 2026
The US dollar is enjoying a firmer tone today against most of the G10 currencies. The consolidative/corrective tone continues. The European Central Bank and the Bank of England meeting outcomes are awaited. Neither central bank will do anything, giving the commentary extra sway.  The bar to another ECB rate cut seems high, though headline inflatio…
ECB and BOE to Stand Pat, while USD is mostly Firmer ECB and BOE to Stand Pat, while USD is mostly Firmer Reviewed by Marc Chandler on February 05, 2026 Rating: 5
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