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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.
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Markets rocked by Trump; ECB in focus
Trump sounds alarm on strong dollar. Will pound hold $1.30? Euro gains ahead of the ECB decision.
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Politics over macro as dollar rises modestly
Opposing forces still in motion. Sterling takes a breather before data dump. Euro tests a four-month high.
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Markets to digest shock of Trump attack
Dollar gains on Trump trade after tough week. UK macro in focus. Euro holds below $1.09 amid US political violence.
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Dollar weighed down by macro and Powell
US disinflation is in full swing and led to the first back-to-back weekly loss of the US dollar since the end of April. Sterling jumped to its highest in a year, boosted by the UK macro backdrop. Another interesting week beckons – on net, we think it could be a dollar negative macro flow.