Topic: Daily Market Updates
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Dollar poised for best week in months
EUR/USD skids to 1-month lows; GBP/USD hits a floor, and USD/CAD climbs to 1-week highs.
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Renewed global growth angst jolts markets
US macro data falls short; pound drops after BoE hike again, and growth fears are starting to weigh on euro.
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FX markets hit as worries pivot to “too low” inflation
Markets lower overnight due to concerns about a global slowdown.
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Sterling slips despite another UK rate hike
EUR/USD slides to 3-week low. Sterling falls after widely expected UK rate hike, and dollar weathers weaker data.
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Crunch time for sterling as BoE decision looms
BoE hike expected, but guidance is key. US inflation continues to cool, and the euro’s sensitivity to hawkish talk is subdued.
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AUD/USD, NZD/USD highest since February as US inflation dips below 5.0%
CNY weaker on rate cut expectations; GBP strength to be tested with BoE due.