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Equities and FX extend rebound
Dollar retraces as expected. Pound rebounds but still at risk. Mixed euro action on mixed European data.
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Central banks push back on rate cut expectations
USD hits 11-week high. Pound suffers worst two day drop in almost a year. Euro weakens to 2 ½ month low.
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US jobs report to close out a big week
Fed not enough to keep the dollar running. BoE suggests rate cuts are coming. Eurozone headline inflation falls, core disappoints.
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Knee-jerk reaction to a neutral Fed
Fed shifts into neutral gear. BoE to drop tightening bias? Euro slips to an 8-week low.
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US dollar records worst month in a year
Dollar bounces before Powell speech. 2nd best G10 currency this week. Dovish ECB repricing hurts euro.
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A November to remember
Markets bet on five Fed cuts for 2024. Euro below $1.10 as inflation cools. Pound to dollar overbought.