Dave Taylor

Citi expects USD/JPY to remain elevated in the short term but continues to forecast a move lower towards 155 by the end of the year.

USD/MXN To Rise to 17.90 in Three Months: Rabobank Mexican Peso Forecast

According to Crédit Agricole, USD/CAD has spent most of the past year trapped between 1.35 and 1.40, with some of the lowest realised volatility seen in decades.

According to ABN AMRO, ECB President Christine Lagarde has already signalled that June would be the "right time to assess" the impact of the Iran conflict and updated economic forecasts.

Scotiabank remains cautiously constructive on the Euro, noting that rising Eurozone-US yield spreads are providing underlying support for the single currency despite lingering geopolitical concerns.

Foreign exchange markets head into the European session focused on today's ECB interest rate decision, ongoing Middle East tensions, and the prospect of higher global inflation as energy prices remain elevated.

Investors who only a week ago were discussing a potential AI-driven market melt-up are now grappling with higher bond yields, renewed geopolitical

HSBC notes that the Mexican Peso remained remarkably resilient after President Trump suggested he was unsure whether the United States would renew the trade pact ahead of the July deadline.

Currency markets have largely looked through the weaker growth figures, with investors instead focusing on the inflationary impact of higher energy

Pound Sterling Today: Why Analysts Aren't Alarmed by April's GDP Decline