Region: North America
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Dollar down, Yen and Loonie gain, ECB in spotlight
Dollar hit by series of weak data. UK Budget springs few surprises. Euro rallies to a 6-week high ahead of ECB decision. CAD at 2-week high as BoC urges caution.
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Powell and BoC could move markets today
Dollar calm before Powell’s testimony. UK Budget in spotlight. Investors reluctant to take directional risk ahead of ECB. Risks lean towards a dovish BoC hold.
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Data deluge kicks off today
Markets underwhelmed by China. Sterling stumbles after retail sales miss. EUR/USD gains after upbeat Eurozone data. CAD touches a fresh 11-week low.
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Dollar’s dominance is starting to fade
First weekly drop of 2024? UK recession in rearview mirror. Rate cuts are coming.
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Pound and euro jump after European PMIs
Fed minutes lean hawkish. Strong PMIs boost pound. Euro eying best week of 2024.
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Canada’s CPI surprise sends yields lower
Dollar steadies as Fed minutes eyed. Sterling jumps and slumps. Euro breaks back above $1.08.