Topic: Daily Market Updates
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Rising oil is main short-term risk
US inflation cools, but focus returns to oil. ECB optionality to limit euro’s gains. Data, politics and the British pound.
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Market mood turns more cautious
No panic, no dollar surge. A delicate balance for the common currency. Carry support meets growing complacency.
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Two inflation misses, dollar eases
Dollar losing rate support after inflation prints. Euro’s rates support meets energy resistance. GBP/USD at two-month highs, highest against JPY since 2008.
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USD wounded after soft inflation report
Soft CPI reprises Fed risk. Euro holding up but energy risks are growing. Pound consolidates after strong run.
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Hormuz blockade returns, oil surges
Dollar firms as Gulf risks rise. Euro faces a familiar threat. Keep calm and carry on.
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Risk mood continues to sour
Geopolitics and inflation data dominate. Euro clinging onto 1.14. All eyes on Burnham.