Holly Thompson
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Weak PMIs raise European recession bets
Safe haven injection boost for dollar. Pound sinks further after retail sales miss. Euro breaks below key support.
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Haven demand gathers pace
Risk on, risk off; geopolitics in focus. Testing the $1.05 handle. Pound erases inflation gains.
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Risk off fades, Trump trades resume
Geopolitics returns to the fore. Traders trim BoE rate cut bets. Euro’s rebound likely fleeting.
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Market euphoria has lost some steam
Cautious Fed keeps dollar elevated. Nothing to go by at $1.0550. UK data dump looms.
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Markets succumb to the Trumpian shift
The dollar extends its rally amid expectations of pro-growth policies, while equities pause after string gains. US inflation data fuels rate-cut debates. Weak growth and political uncertainty weigh on the euro.
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US data drives yields higher
Dollar flirting with fresh 1-year high. ECB cut 100% priced in. UK growth slows over summer.