Currency markets are in what can only be described as a state of flux at the moment. Leaving aside the yen, which has risen for the past seven consecutive sessions, we’ve seen the dominant trends of the past few weeks partially reversed (or at least stalled), making the bigger directional movements far harder to call. We see that in sterling, the Canadian dollar, the Aussie and the single currency to varying degrees. Beneath all of this, we see the dollar struggling as many have been forced to ditch the view of a dollar rising on the basis of divergent monetary policies. The dollar index is now 6% lower on the year to date, which was not in the game plan of longer-term investors. For sterling, the focus this week is less on the Brexit story and more on the domestic agenda, with inflation data released today and the Bank of England decision following on Thursday. For now at least, this is of secondary importance for the currency as compared to the EUR referendum in June, as expectations for a near-term change in policy are very low in either direction. Interest rate markets suggest around a 30% chance of an easing before the year-end, which is not a view widely expressed by commentators, but nevertheless is another factors that has been weighing on the currency of late. Elsewhere, Brazil is catching the headlines as the political turmoil continues, edging towards the possible impeachment of President Rousseff. The currency, having been battered last year, continues to rally on the basis that the end is that much nearer for the currency period of political turmoil and stalemate. The real remains the strongest performing emerging market currency so far this year, but beneath the surface the fundamentals remain fairly ugly, with another year of negative growth forecast for this year after last year’s decline. So whilst promising, the political story can only drive up the currency so far before the ugly fundamentals start to kick in. Further reading: Risk on Tuesday – Live Market Open from 7:00 GMT There Is One Exception In Negative Rates Economies: How To Play It In FX? – Deutsche Bank FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EURUSD , GBPUSD , USDJPY and XAUUSD TA – April John Benjamin 7 years Currency markets are in what can only be described as a state of flux at the moment. Leaving aside the yen, which has risen for the past seven consecutive sessions, we've seen the dominant trends of the past few weeks partially reversed (or at least stalled), making the bigger directional movements far harder to call. We see that in sterling, the Canadian dollar, the Aussie and the single currency to varying degrees. Beneath all of this, we see the dollar struggling as many have been forced to ditch the view of a dollar rising on the basis of divergent monetary… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.