Topic: FX Weekly Report

Markets were volatile this week, driven by mixed macro data and dovish Fed comments. Softer U.S. inflation eased reflation concerns, while Fed Governor Waller’s remarks hinted at potential 2025 rate cuts, Focus now shifts to next week’s PCE report.

Global bond yields rise as inflation and debt concerns grow. UK gilts hit multi-decade highs, pressuring the pound, while the US dollar strengthens on solid data and Fed signals.

US equities face their second-worst week of 2024 as rising Treasury yields and Fed inflation concerns weigh on markets, boosting the US dollar.

Geopolitics, inflation, and central bank policies shape markets as 2025 nears, with the dollar gaining amid global uncertainties.

Global markets rose for a third consecutive week, supported by strong job openings. The U.S. Federal Reserve indicated a possible 25 basis point rate cut in December, adding to investor optimism.

Scott Bessent’s nomination lifted trade currencies, but Trump’s tariff threats hit the yuan. Inflation data highlighted policy divergence, while surprise central bank moves added volatility.