Region: North America
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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.
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No rush to cut as Canada’s inflation report looms
Sticky US inflation dents rate cut expectations. UK data drives GBP volatility. ECB push back supports euro. Canada inflation in spotlight.