Region: North America

No hike needed for a hawkish Warsh debut. UK inflation miss nudges BoE toward extended pause. Data points to bounce, Loonie lags.

FX muted as markets turn from Geopolitics to central banks. Data points to bounce, Loonie lags. Stability amid regional volatility.

Oil and US Dollar slide after Iran US peace signal. EUR/USD lifts on Hormuz reopening deal. Loonie still under pressure.

Dollar whipsaws on Trump comments. 1.40 back in play. MXN stable but vulnerable.

Dollar rebounds as markets look past hot CPI print. The BoC trade got harder to call. Insurance hike, limited lift.

Markets look through the headline spike. Looking through inflation, GDP and CUSMA. Asymmetry around the euro has shifted.