Holly Thompson
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All eyes on the PMI’s
Stock gains limited with 2-year yield at 5%, Europe’s problems. Cyclical or structural? GBP/EUR eying fresh 1-year highs.
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Dollar’s surge checked by improved risk tolerance
Euro notches 6-day high, sterling’s rise undercut by data, and C$ holds above 2 ½ month low.
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Cautious risk recovery as yields still surging
Dollar dips despite surging yields, pound eyes 200-day moving average, and 6% peak back on the table.
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Dollar’s rally ebbs as focus shifts to Fed
Euro bounces ahead of key data, sterling holds firm after snapping weekly skid, and C$ rises above 2 ½ month low.
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China is dominating the news flow
Real yields are starting to bite, China is Europe’s problem, really. 6% peak back on the table.
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Dollar on track for another 1st place weekly finish
China malaise weighs on euro, sterling cuts weekly gain after UK economy disappoints, and USD/CAD seesaws in and out of positive territory for 2023.