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Reading: FX Weekly Recap: January 5 – 9, 2026
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Forex

FX Weekly Recap: January 5 – 9, 2026

Editor
Last updated: January 10, 2026 1:15 am
Editor
Published: January 10, 2026
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FX Weekly Recap: January 5 – 9, 2026


Discuss hitting the bottom operating! In the event you have been hoping to ease into 2026, the market clearly had different plans.

This week was a real high-wire act for merchants, who discovered themselves juggling main geopolitical shockwaves from Venezuela towards a stacked financial calendar. Whereas the headlines saved everybody glued to their information feeds early on, the main focus shortly shifted to the U.S., the place merchants needed to place themselves for Friday’s extremely anticipated employment report. It was a basic battle of narratives: would political drama or chilly, arduous labor information dictate value motion?

From geopolitical jitters to inflation misses in Europe, right here is the rundown of how the key currencies navigated the chaos.

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GBP/USD jumps above 1.3540 as UK Retail Gross sales, PMIs shock larger
If inflation strikes “the unsuitable means” the Fed must have price hikes
US Navy resumes escorts in Strait of Hormuz; Tanker freed after months stranded
Most main European indices shut decrease and close to lows for the day
ICYMI – Fed’s Waller nonetheless lobbying for Fed Chair – stated he needs a December fee minimize

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Reading: FX Weekly Recap: January 5 – 9, 2026
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