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Choppy start for the USD ahead of key data on Friday

A volatile start to 2026 as geopolitical tensions rise again - GBP the winner, whilst USD will take direction from data this week

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USD & stocks hammered in illiquid trading & the Indian stock market rally continues

Trump’s comments hit the USD in illiquid trading, EUR/USD and GBP/USD trading at multi-year highs on the USD weakness. Plenty of data this week, with the ‘war of words being fought between the President and the US federal Reserve which is straining checks and balances in the US political system.

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