Topic: North America
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A November to remember
Markets bet on five Fed cuts for 2024. Euro below $1.10 as inflation cools. Pound to dollar overbought.
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US dollar at 3-month low on Fed cut bets
Fed speak still matters. Pound tests $1.27, up from $1.21 this month. Euro briefly breaks above $1.10.
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Caution before direction-setting inflation reports
Treading water before inflation data. Leading indicators consistent with a recession in Q4. Proud pound holds firm.
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Low volatility despite ominous macro signs
US labor market is losing steam. Signs of a European bottoming are emerging. Stars align for pound.
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Data slows dollar’s decline
Slight pushback on easing financial conditions. Sterling stutters after UK budget update. Eurozone PMIs continue to point to a recession.
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UK fiscal update, US data patch in focus
10-week peak as tax cuts beckon. Last data patch before Thanksgiving. Germanys highest court puts a brake on debt plans.
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