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Position liquidation eases; PCE inflation eyed
Equity slump and huge yen rally stabilise. Pound at the mercy of global sentiment. Euro regains $1.085 handle despite US growth upside.
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Wipeout Wednesday on Wall Street
Policy divergence prompts big swings in yen. Risk aversion punctures pound. Euro bounces from a 2-week slump despite PMIs disappointment.
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Volatility remains subdued, but for how long?
The end of complacency? Pound appears vulnerable to a correction. Low FX cadence favours euro.
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Dollar dips as Biden quits
Biden out, Kamala in? $1.30 comes and goes. Euro in a holding phase.
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Trade tensions lead to volatile trading
The dichotomy between politics and monetary policy remains the central theme in FX – the so-called Trump trade versus Fed trade. The dollar has rebounded with safe haven demand amid rising geopolitical and trade tensions, despite weaker macro and Fed factors of late.
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Dollar rebounding sharply from 4-month lows
Dollar bounces amid mixed data dump. Pound looks toppy after retail sales miss. ECB fails to inject excitement.