Holly Thompson

Geopolitical tensions and rising oil prices lifted the dollar, while surprise rate cuts in Europe contrasted with the Fed’s hawkish tone. The BoE held steady, but soft UK data and dovish vote split signalled easing ahead.

Israel’s strike on Iran sent oil and volatility surging, overshadowing softer US inflation and tariff risks.

Markets cheer US-China trade talks, but weak US data, tech turmoil, and diverging central bank signals keep pressure on the dollar and risk sentiment cautious.

Tariffs flipped, the dollar slipped, and bond yields eased – all in a week. With mixed signals piling up, a volatile summer looks likely.

Markets wobbled on US fiscal concerns, while strong UK data lifted sterling. Eurozone growth stayed sluggish, but the euro held steady.

Markets rallied after a 90-day US-China tariff cut boosted sentiment, but the dollar later dipped as soft inflation data fuelled speculation of Fed rate cuts.