The dollar index (DXY00) on Tuesday recovered from a 1.5-month low and rose by +0.36%.  Higher T-note yields on Tuesday strengthened the dollar's interest rate differentials and sparked short covering in the dollar.  The dollar initially whipsawed lower and then higher on Tuesday after preliminary benchmark payroll revisions to US payrolls in the year through March 2025 showed fewer jobs than previously stated.  Limiting the upside in the dollar are the increased expectations for Fed easing through year- ...

September 4, 2025 04:00 AM GMT Global Macro Strategy | Global G10 FX Chart Pack Top charts we are watching for each G10 currency with economic indicators, flows, positioning, and drivers. A compression in rate differentials and a USD-negative risk premium remain the key drivers behind our bearish USD view. JPY View: Bullish | Skew: Bullish JPY seems to be undervalued versus implied fair value due to speculative JPY short positioning amid resilient risk sentiment. But weak US data can change the game. CHF Vi ...