Holly Thompson
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Dollar pares gain after inflation cools
Euro hits speed bump in slower inflation; Sterling posts largest monthly gain since November whilst Canada’s economy shows surprise resilience. Meanwhile, the US dollar wavers after data casts doubt on rate hikes.
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Dollar braces for quarterly decline as rate cuts eyed
GBP/USD primed for best month since November and sticky European inflation lifts the euro.
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Buck slips after underwhelming data
The euro continues to hold the upper hand, while sterling reaches an 8-week peak and the Canadian dollar ascends to 1-month highs; however, the dollar falls in response to underwhelming data.
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Data back in focus as banking fears fade
Hawk watching in Europe has intensified as strong UK data releases continue to buoy rate hike bets, with even secondary data now capable of becoming market-moving.
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Steady dollar reflects high uncertainty, low conviction
The euro steadied at the top of its range against the dollar, while sterling flirts with 8-week peaks and the Canadian dollar rolls to 3-week highs.
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Risk appetite and rate expectations drive markets
The rebound in market sentiment runs the risk of being spoiled by volatility, while the pound strengthens alongside increasing risk appetite; in contrast, the euro gains support from a more stable and calmer market environment.