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FX Weekly Update #5 - July 27, 2026
The week the tape stopped fighting our book — mostly. USD/JPY punched to a fresh 40-year high on Friday,…
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Divergent Markets
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FX Weekly Update #4 - July 21, 2026
The week's defining event landed Monday: Andy Burnham became the UK's seventh prime minister in a…
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FX Weekly Update #3 - July 13, 2026
The single biggest event of the week landed on July 8, when the RBNZ surprised markets with a hawkish hike…
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FX Weekly Update #2 - July 07, 2026
The event we had circled as the dominant two-sided risk broke against us this week. Nonfarm payrolls for June…
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FX Weekly Update #1 - June 29, 2026
The dominant force this week was the continued reverberation from new Fed Chair Warsh's hawkish FOMC debut — Bank…
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FX Macro Brief - June 18, 2026
Three big prints hit the tape this week, and all three move directly through our book. The BoJ hiked 25bp…
3 min read
