Holly Thompson
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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.
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Dollar subdued as banking crisis abates
The Euro is trending towards a six-week high, while the British pound has been strengthened by the Bank of England’s firm stance on inflation. USD/CAD flirts with a multiweek low.
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Deutsche Bank survival spurs risk on
Despite the protests, business outlook remains stable as fears surrounding the banking sector ease, resulting in a decline in the demand for safe-haven assets; meanwhile, the pound is keeping a close watch on its March high.
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Dollar steady with eyes on banking instability
Stable dollar as investors monitor banking instability; Germany’s business morale beats forecasts, Sterling approaches 7-week peak, and the Loonie benefits from increased risk appetite.
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Volatility at the end of the tightening cycle
The banking sector drives FX, with the pound and euro outperforming the US dollar.
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Tepid risk appetite supports dollar demand
Sterling’s post-BoE hike struggles coincide with two weeks of banking turmoil, while the Euro’s victorious run comes to a halt.