Holly Thompson
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Dollar momentum softens approaching PCE release
Dollar poised for worst month of 2024. Pound comfortable, but tests loom. Eurozone inflation drops to 3-year low.
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Market action muted ahead of initial claims print
Dollar finds some respite. Pound holds its grip on key levels. Euro extends week’s losses.
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Dollar gains on month-end flows
Risk aversion supports dollar. Pound scales 2-year peaks. Euro’s rally may have run its course.
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Pound best performing amid thin trading
Dollar snaps losing streak. Pound holding firm on UK rate outlook. Euro slips from $1.12 handle.
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Greenback losing its appeal
Equity benchmarks near record highs as the US dollar drops for a 5th week. Market sentiment remains focused on expected policy easing, with the ECB’s potential September cut bolstered by a dip in wage growth.
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DXY retreats ahead of Powell speech
Dollar rebounds after US PMIs. Sterling’s support could fade. Euro’s momentum softens going into Jackson Hole.