Region: North America
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Dollar pares gain after inflation cools
Euro hits speed bump in slower inflation; Sterling posts largest monthly gain since November whilst Canada’s economy shows surprise resilience. Meanwhile, the US dollar wavers after data casts doubt on rate hikes.
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Buck slips after underwhelming data
The euro continues to hold the upper hand, while sterling reaches an 8-week peak and the Canadian dollar ascends to 1-month highs; however, the dollar falls in response to underwhelming data.
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Steady dollar reflects high uncertainty, low conviction
The euro steadied at the top of its range against the dollar, while sterling flirts with 8-week peaks and the Canadian dollar rolls to 3-week highs.
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Dollar subdued as banking crisis abates
The Euro is trending towards a six-week high, while the British pound has been strengthened by the Bank of England’s firm stance on inflation. USD/CAD flirts with a multiweek low.
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Dollar steady with eyes on banking instability
Stable dollar as investors monitor banking instability; Germany’s business morale beats forecasts, Sterling approaches 7-week peak, and the Loonie benefits from increased risk appetite.
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Dovish Fed adds traction to weaker dollar
The Euro flirts with a seven-week high, while Sterling is buoyed by the Bank of England’s recent hike. Meanwhile, the Loonie is closely following the market mood amidst ongoing uncertainty.