Topic: Daily Market Updates
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Dollar sought as market mood sours
Euro slips to bottom of weekly range; sterling singed by hot UK inflation; and risk aversion knocks C$ to 1-week lows.
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Case strengthened for another BoE rate hike
UK inflation sticks above 10%; Fed’s battle against markets, and the euro brushes off German morale decline.
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Aussie boosted by China GDP
China announced stronger than expected economic growth, boosting the AUD and NZD while other markets turn cautious.
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Global data undercuts dollar’s rebound
German confidence ‘banks’ lower; sterling jumps after hot UK wage inflation; and C$ shows little change after inflation cools to 4.3%.
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Pound climbs as UK wage growth jumps
UK wage growth adds to inflation woes; dollar stalls as China’s economy rebounds. We analyse the most traded currency pair in the world – EUR/USD, and ascertain how rate differentials are key for the euro.
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Chinese GDP in focus as Aussie, kiwi drift lower
Europe will also be in focus this week, as markets settle after the US dollar’s spike on Friday.