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From tactical noise to structural strength
From tactical noise to structural strength. Hormuz uncertainty caps EUR/USD. Yield differential pushes USD/CAD higher.
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End of conflict optimism sends oil lower
End of conflict optimism sends oil lower. Yield differential pushes USD/CAD higher. Peso strength defies weak domestic backdrop.
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Cautious optimism
Equities continue to look through inflation and energy risks. The dominant macro story has been a global bond sell-off led by the US long end. FX has been re-anchored to real yield dynamics.
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US-Iran headlines keep markets whipsawing
US-Iran headlines keep markets whipsawing. March retail sales beat estimates. From stability to building downside pressure.
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Hawkish Fed meets oil shock, again
Hawkish Fed meets oil shock, again. Small business sentiment dips. Moody’s downgrade fails to break Peso resilience.
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Bond selloff, dollar gains
Bond selloff, dollar gains. Markets expect BoC to move by October. Soft inflation meets hard constraints.