Weekly Analysis

Global markets began the week with the US dollar slipping toward 97, marking its weakest levels in four months. Heightened geopolitical risks and trade tensions, combined with speculation about the future leadership of the Federal Reserve, have pressured the US dollar.

Global markets began the week with the US dollar holding its ground near 99.3, on track for a third consecutive weekly gain. Strong US economic indicators, including resilient manufacturing and labor data, have pushed market expectations for initial rate cuts out to June or later.

Global markets faced a volatile week as institutional stability in the US was tested by a criminal investigation into Federal Reserve Chair Jerome Powell.

Global markets entered 2026 with the US dollar extending its sharpest annual decline in eight years, pressured by a shrinking yield advantage and uncertainty surrounding the new administration’s tariff agenda.

Global markets concluded the year with the US dollar hitting its weakest point since early October, as expectations for the Federal Reserve easing in 2026 intensified.

Global markets faced a volatile week as investors balanced softening US economic data against tightening signals from other major central banks.

Global markets wrapped the week with notable moves across currencies, commodities, and bond markets amid fresh central‑bank signals and key economic releases. The Federal Reserve delivered its third consecutive 25 bps rate cut, while signaling only one more cut in 2026, tempering easing expectations. That, coupled with hawkish leanings from other major central banks, pressured the dollar yet again.

Traders adjusted positioning before the Federal Reserve’s December decision and evaluated fresh signals from the ECB, BoE and BOJ.