Region: Europe
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Uncertainty on timing of Trump’s tariffs
Trump targets China, markets yawn. Euro hits 5-week high; has it broken downtrend? Pound near 5-month low against euro.
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FX divided by tariffs
Tariff fears weigh on peso and loonie. Animal spirits push the euro beyond $1.04. Sterling rebounds, but still stuck in downtrend.
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Markets cheered too early
Thin liquidity, strong price action. Fewer reasons to sell the euro. Pound’s rebound could be short-lived.
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Stocks soar but rate cuts still distant
Soft inflation helped markets recover. Small glimmer of hope for euro. Risk appetite supports sterling.
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Markets whipsaw as Fed speak trumps macro
Waller negates somewhat strong data. Can the bulls push past $1.0350? Stagnant Britain; sliding sterling.
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Dollar stumbles but holds trendline
Bracing for retail sales after inflation dip. Pound’s recovery short-lived. Euro fails to capitalize on softer us data.