Topic: Daily Market Updates
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Markets brace for Flash PMI Friday
Pound drops after BoE hike again, dollar supported by hawkish Fed chair, and the euro reverses from six-week high.
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USD index jumps from six-week lows as Powell steps up rhetoric
Fed chair reiterates that further rate hikes are likely.
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Dollar dented as Europe steps up rate hikes
EUR/USD taps 1.10. BOE goes big, hikes to 5%. USD/CAD hits 9-month low; U.S. jobless claims steady.
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How high will BoE go?
13th BoE hike due; 25 or 50 basis points? Powell pushing for more hikes and EUR/USD below $1.10 as stocks turn south.
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USD lower as market shrugs off Powell’s warning
FX markets cross Asia rebounded as the US dollar fell.
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Dollar treads water above 5-week lows
Euro ticks below mid-May high, sterling’s surge cooled by unexpectedly hot UK inflation, and robust Canadian spending boosts C$.