Region: Europe
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Testing market patience
Are we back to duration and degree? Rangebound ahead of ECB. GBP/NOK extends its slide.
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Markets maintain their cool despite the ongoing standoff
DXY firms, conviction lags. Euro risks tilt lower. Goodwill meets reality.
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Elevated geopolitical risk vs. subdued FX volatility
The dollar wants higher. Euro waiting for a catalyst. Burnham is treading carefully, with the bond market listening closely.
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Rising oil is main short-term risk
US inflation cools, but focus returns to oil. ECB optionality to limit euro’s gains. Data, politics and the British pound.
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Market mood turns more cautious
No panic, no dollar surge. A delicate balance for the common currency. Carry support meets growing complacency.
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Two inflation misses, dollar eases
Dollar losing rate support after inflation prints. Euro’s rates support meets energy resistance. GBP/USD at two-month highs, highest against JPY since 2008.