Topic: Daily Market Updates
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Dollar drops for a second day, stocks extend rebound
US data in focus as dollar settles . Pound bottoms, helped by inflation. Euro inches to a 1-week high.
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Global relief, just not for equities
US data in focus as dollar settles . Pound bottoms, helped by inflation. Euro inches to a 1-week high.
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Greenback turns near 16-month highs; Aussie jobs due
USD lower on intervention fears. Australian jobs due. US labor market key for greenback.
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Fed to keep rates high for “as long as needed”
New reality of higher for longer sets in. Canadian dollar retreats from 5-month lows. Upside CPI surprise gives Sterling a boost.
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Powell caves and pivots
New reality of higher for longer sets in. Upside CPI surprise gives Sterling a boost. USD strength negates positive EU data surprise.
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Aussie, kiwi at 2024 lows; Powell admits “less confident” on inflation
Fed looks to “higher-for-longer” rates. NZD CPI higher than RBNZ forecasts? Singapore slows amid tight labor market.