Region: North America
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Hot inflation helps dollar heat up
Euro’s rally dampened by data; GBP/USD poised for 1% monthly advance; C$ hits 1-month low as growth underwhelms; and U.S. core inflation surprises to upside.
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Dollar off lows as data keeps soft landing hopes alive
Euro clocks late March 2022 high; sterling little changed as month-end looms. C$ ticks up from 4-week lows, and Buck moves higher after data threatens to delay Fed rate pause.
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Dollar can’t outrun its downbeat bias
Euro pullbacks prove short-lived; sterling rises toward 10-month top; and the loonie steadies ahead of BOC minutes.
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Risk aversion lifts dollar above recent lows
Euro flirts with 1-year highs; sterling hasn’t pulled off a feat this ‘positive’ since Feb. 2022. USD/CAD rises to late March peak.
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Dollar wavers with U.S. economy in focus
German confidence trends higher; sterling steadies after weekly rise and C$ falls to 3 ½ week low.
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Will the dollar halt a 5-week skid?
Euro at risk of weekly decline; UK consumer squeezed by double-digit inflation, and the Loonie slumps as consumer spending contracts 0.2%.