Region: Europe
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Bad news is good news
Dollar struggles after soft US data, pound erases last week’s losses, and ECB hike back on the table.
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Risk rally sends euro higher
China and US coming to the euro’s rescue. Yields, dollar plunge on weaker job openings, and sterling awaits steer from BoE speakers.
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Powell’s speech set the stage for a big week
Global angst pushed euro below $1.08, the US macro trifecta to create volatility, and light UK calendar shifts focus elsewhere.
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Markets to dissect Powell’s speech today
Dollar climbs to 2-month high, reality catching up to the euro, and pound slumps to 10-week low.
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Risk appetite improves as Jackson Hole kicks off
Dollar dips despite surging yields, pound eyes 200-day moving average, and 6% peak back on the table.
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All eyes on the PMI’s
Stock gains limited with 2-year yield at 5%, Europe’s problems. Cyclical or structural? GBP/EUR eying fresh 1-year highs.