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Loonie Rises as USD/CAD Retreats on Macro, Geopolitics

January 20, 2026 2:21 pm
Key Moments USD/CAD has declined about 0.6% over two days, extending its pullback from 1.3928 toward lows near 1.3820. Geopolitical tensions, including U.S. tariff threats and EU-U.S. trade frictions, have fueled a broad “Sell America” theme. Canadian CPI surprised to the upside in December, while the BoC’s preferred CPI gauge eased, supporting expectations for a […] Read more

Danish Krone Weakness Puts Spotlight on EUR/DKK Peg Strategy

January 20, 2026 1:25 pm
Key Moments EUR/DKK has climbed toward its highest level since the global pandemic, leaving the Danish krone among the weakest performers versus the U.S. dollar this year. The move marks only the fourth time since ERM II began that EUR/DKK has reached its maximum tolerance band around the 7.46038 central rate. Bank of America Securities […] Read more

USD/ZAR gains amid risk aversion, SA inflation data eyed

January 20, 2026 11:23 am
The USD/ZAR currency pair rose on Tuesday, with the Rand retreating from recent highs, as US President Donald Trump’s new tariff threats over Greenland sparked risk aversion. Trump said over the weekend that the US would implement a wave of increasing tariffs on European allies until it is allowed to acquire Greenland. Trump said the […] Read more

AUD/USD Advances as Greenland Rift Weighs on U.S. Dollar

January 20, 2026 11:17 am
Key Moments AUD/USD trades 0.25% higher near 0.6730 during the European session as the US Dollar retreats. The US Dollar Index falls 0.55% to around 98.50 amid tensions between the US and EU over Greenland. Markets look ahead to Australian December employment data, with consensus pointing to a 30K job gain and a 4.4% jobless […] Read more

USDCHF Drops as Swiss Franc Gains on Risk Aversion

January 20, 2026 10:15 am
Key Moments The US Dollar is under pressure after President Trump threatened tariffs tied to a possible Greenland purchase. The Swiss Franc strengthened on renewed risk-off sentiment, erasing its January gains in days. Traders are watching key USDCHF levels near 0.7900 and 0.7870, ahead of U.S. data and Trump’s Davos speech. De-Dollarisation Concerns Weigh on […] Read more

EUR/USD Rebounds as EU-US Trade Tensions Return

January 20, 2026 9:41 am
Key Moments EUR/USD moved back into the mid-1.16-1.17 zone after an initial decline as markets reassessed EU-US trade tensions. Uncertainty over a potential Supreme Court decision on tariff legality kept investors from taking strong directional FX positions. Danske Bank’s Kristoffer Kjær Lomholt views the macro and policy backdrop as negative for the USD. EUR/USD Recovers […] Read more

EUR/CAD Climbs Toward 1.6200 as Euro Outperforms Loonie

January 20, 2026 9:24 am
Key Moments EUR/CAD extends its advance for a third straight session, trading near 1.6200 during Tuesday’s European hours. Eurozone HICP inflation eases to 1.9% YoY in December 2025, reinforcing expectations that the ECB will keep rates on hold for an extended period. Canada’s headline inflation rises to 2.4% in December 2025, while softer oil prices […] Read more

Dollar Drops to Two-Week Low on Greenland Fears

January 20, 2026 9:08 am
Key Moments The dollar falls to a new two-week low after a strong start to 2026. EUR/USD climbs 0.5% toward 1.1700 after breaking key hourly moving averages. USD/JPY holds near 158.20 as the yen stays weak after Japan calls a snap election. Political Turbulence Hits the Dollar Again The dollar is struggling again this year. […] Read more

Bitcoin Slides Near Year Lows on Greenland Tensions

January 20, 2026 8:42 am
Key Moments Bitcoin declined 1.8% to $90,916.8 by 01:39 ET (06:39 GMT), erasing most of its mid-January rebound. Markets reacted to U.S. President Donald Trump’s renewed push for U.S. control of Greenland and tariff threats on eight European nations. Roughly $260.32 million in crypto long positions were liquidated in the last 24 hours, following nearly […] Read more

Euro Advances Against Pound as UK Labor Data Underwhelms

January 20, 2026 7:41 am
Key Moments EUR/GBP trades near 0.8685 in early European dealings, holding above the 0.8650 area after the latest UK jobs report. UK ILO Unemployment Rate remained at 5.1% in the three months to November, exceeding the 5.0% market expectation. The ECB is signaling a steady rate stance, following a data-dependent, meeting-by-meeting approach with no immediate […] Read more