Topic: Daily Market Updates
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USD stages comeback as Powell talks tough
The Fed giveth and the Fed taketh away. INR recently weaker, but losses limited. US confidence due.
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Eyes on Treasury auctions as yields slide
US debt auctions matter again. Bailey’s efforts to rescue Sterling fall short. Euro in wait-and-see mode.
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Aussie, CAD suffer as oil extends tumble
Commodities fall further, led by crude. Aussie leads losses. Slow growth to China.
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Fed fights back
Retreatment of yields noted by the Fed. BoE rate cut bets weigh on pound. Disappointing German data hurts euro.
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US shares extend winning streak, but USD bounces back
US shares hit record winning streak. Consumer inflation expectations a risk for ECB. UK jobs key for GBP.
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Risk-on fades after the weekend
Slight retracement of the optimism. EUR/USD rally stalls. Failure at key level triggers sharp pullback.