سԹ

Top of main content

FX Navigator (June): Awaiting catalysts

29 May 2026

Key takeaways

  • The geopolitical stalemate, with the Strait of Hormuz blockade persisting, looks set to keep many currency pairs range-bound in the coming weeks…
  • …even though rate differentials start to get some traction.
  • Exceptions: the GBP and CAD are expected to weaken, while the RMB is expected to strengthen over the same period.

Our tactical view

^DXY = US Dollar Index, is an index (or measure) of the value of the USD against major global currencies, including the EUR, JPY, GBP, CAD, SEK and CHF.

Source: سԹ

سԹ Positioning Indices

Note: Priced as of market close 26 May 2026

Source: سԹ, Bloomberg

Note: *Priced as at 18:23 HKT on 27 May 2026

Source: سԹ, Bloomberg

Explore our international services

Capital at risk. Eligibility criteria and fees apply

Looking for financial advice?

Capital at risk. Eligibility criteria and fees apply

Related Insights

USD may see gradual upside on US resilience and the Fed staying higher for longer. [13 Jul]
The US-Iran deal and a shift in Fed messaging ended rangebound moves in many G10 FX pairs. [29 Jun]
In his first meeting as Fed chair, Kevin Warsh unveiled a shorter policy statement with...[18 Jun]
    It's easy to answer your query online. Visit our Help page to find out how.