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Crédit Agricole CIB

Fx Weekly

Finvaulta tracks 3 editions of Fx Weekly from Crédit Agricole CIB, published between June 26, 2026 and July 10, 2026. Each edition is summarized on its own page.

Latest edition · July 10, 2026

Scary carry

This report analyzes the G10 FX market outlook, highlighting the persistence of low FX volatility amidst Middle East tensions and the continued dominance of USD-funded carry trades.

The report finds that G10 FX volatility remains at six-year lows despite geopolitical risks in the Middle East. Consequently, the USD remains a primary safe-haven and high-yield destination, with carry trades performing exceptionally well. Strategists highlight specific long opportunities in GBP, AUD, and USD funded in CHF, while cautioning that market outlooks remain sensitive to central bank policy evolutions and US economic data.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.Geopolitical risks in the Middle East have failed to significantly impact G10 FX volatility, which remains at multi-year lows.
  • 2.The USD remains the preferred high-yielding safe-haven currency, benefiting from strong rate appeal relative to JPY, CHF, and EUR.
  • 3.FX carry trades remain dominant and perform well in a low-volatility environment, with long positions in GBP, AUD, and USD funded in CHF currently favored.

What this series covers

  • G10 FX Forecasts
  • FX and gold outlook
  • G10 FX Portfolio
  • FX Portfolio in 2025
  • FX Volatility Monitor
  • Week ahead: key themes & trades
  • FX Focus recent publications
  • FX Positioning Update
  • FAST FX Fair Value Model Update
  • Short-term fair value charts
  • FX Fair Value Model Update
  • FX Risk Index

Edition archive

Series at a glance

Editions tracked
3
First edition
June 26, 2026
Latest edition
July 10, 2026
All Crédit Agricole CIB research

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