Region: North America
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Tariff influence on US CPI less apparent in July
US CPI. Pound steady after UK jobs data. U.S.-Canada softwood dispute escalates. Rangebound with upside risk.
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Data expected to lead FX action
Dollar down almost 2% already in August. Job market cools. Pound’s rise built on fragile foundations. Sentiment and structural tailwinds for euro.
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Trump taps a dove
Tariffs hit home. Hawkish cut helps pound. Euro eyes fresh highs amid monetary divergence.
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BoE cuts, Banxico to follow suit
BoE cuts as expected. Two Kevins. Euro’s swift comeback. Banxico to cut by 25 bps.
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Fed speculation drags down the buck
Dovish Fed bets mount after soft data patch. UK macro headwinds put sterling under strain. Trade deficit widens again. Euro in consolidation mode.
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Dollar holds as political interference on the rise
Collision course. Sentiment wobbles but euro holds firm. No deal, no growth. Traders dial back GBP bearish bets.