Base Currency Dossier - Divergent Markets

Base Currency Dossier tiers

Base Currency Dossier - USD - March 31, 2026

Harri

Executive Summary The US dollar trades at DXY 100.5, a 10-month high driven by safe-haven demand from the Iran-US…

65 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - SGD - March 31, 2026

Harri

Executive Summary The Singapore Dollar trades at USD/SGD 1.2860 against a backdrop of extraordinary macro dislocation. Operation Epic…

68 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - SEK - March 31, 2026

Harri

Executive Summary The Swedish Krona at USD/SEK 9.40 and EUR/SEK 10.85 has reversed from the best-performing…

62 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - NZD - March 31, 2026

Harri

Executive Summary NZD/USD trades at 0.5725, near 4-month lows and approximately 15% below OECD PPP fair value (~0.…

69 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - NOK - March 31, 2026

Harri

Executive Summary The Norwegian krone is experiencing a regime shift driven by Norges Bank's dramatic hawkish pivot on…

65 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - JPY - March 31, 2026

Harri

Executive Summary The Japanese yen trades at ~159.8 against the US dollar (USD/JPY convention: rising = JPY weakening), representing…

69 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - GBP - March 31, 2026

Harri

Executive Summary GBP/USD trades at 1.3212, down 3.5% over three months and below its 200-day MA (1.…

67 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - EUR - March 31, 2026

Harri

Executive Summary EUR/USD trades at ~1.148, down 4.6% from the January 2026 high of 1.2019, caught…

64 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - CHF - March 31, 2026

Harri

Executive Summary The Swiss franc trades near decade-highs against both USD and EUR, with USD/CHF at 0.7974 and…

63 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - CAD - March 31, 2026

Harri

Executive Summary USD/CAD trades at 1.3929 as of March 31, 2026, with the Canadian dollar caught in a…

65 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - AUD - March 31, 2026

Harri

Executive Summary The Australian dollar trades at 0.6845 against the US dollar, down 4% from its March 11 high…

66 min read Mar 31, 2026

Base Currency Dossier tiers

Base Currency Dossier - USD - March 11, 2026

Harri

Executive Summary The US dollar trades at DXY ~99.0, temporarily buoyed by safe-haven demand following the US-Iran war launched…

69 min read Mar 11, 2026