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FX markets calmer after Friday’s geopolitical sell-off
Global markets recover on Monday. Powell’s cautiously optimistic tone to be tested. Central bank divergence driving FX markets.
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FX Weekly – Policy volatility driven by inflation ambiguity
Another hot US inflation report has seen market pricing back in line with the FOMC’s own rate projections — looking for three US rate cuts in 2024. However, the pullback in expectations has been orderly, keeping global sharemarkets buoyant.
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USD rebounds ahead of key inflation data
All eyes on CPI. Aussie slips back into short-term downtrend. JPY gains as Japan narrowly avoids recession.
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FX Weekly – Zooming in on Q2 rate cuts
Global investors have become comfortable pricing in the turn of the global monetary policy cycle to a more accommodative stance. October last year saw interest rate cuts outstrip hikes for the first time since the end of 2020 in what has retrospectively become the starting point of a new regime.
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Greenback hits two-month lows after “Goldilocks” jobs result
USD lower as jobs gain, but wages ease. Euro higher after ECB. Green shoots in China.
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Aussie jumps to one-month highs as Powell signals cuts still on
Aussie gains most on Powell comments. China trade balance due. Bank Negara due for MYR.