Topic: Daily Market Updates
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Dollar retreats as Fed may cut rates sooner fuel hopes
Trump confirms China meeting, risk sentiment improves. Fed Waller said the impact of tariffs is likely to occur in July. ECB Rehn says banks should continue cutting, EUR recovers.
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Risk rally sparks modest Dollar rebound
Risk rally boosts Mexican Peso. Tariff seesaw swings on. Trumponomics isn’t a new play. Euro’s unwind has room to run. Struggling UK economy bodes ill for sterling.
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Conflicting signals keep volatility elevated
Tariff seesaw swings on. Euro’s unwind has room to run. Struggling UK economy bodes ill for sterling.
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Bessent eyes long-haul approach, Dollar index hovers below 100
Trump administration eyes long-haul approach on China trade. WSJ says White House looking at slashing China tariffs. ECB/Bundesbank’s Nagel worries about recession and stagflation
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De-escalation hopes lift markets
Trump shifts to softer stance on Powell. Behind the U.S. Treasuries sell-off. Relief rally tempers euro’s momentum. UK outlook downbeat.
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Lifeline for US dollar as sentiment shifts
Trump shifts to softer stance on Powell. It’s PMI day. Relief rally tempers euro’s momentum. UK outlook downbeat.