Topic: Daily Market Updates
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Robust US labor market outweigh concerns over higher yields
Greenback consolidates amid choppy FX markets. Fed policymakers’ top concern is inflation risk. US Treasury requests BoJ measures regarding Yen
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ECB delivered 25bps rate cut as expected
USD softens as risk sentiment wavers. China’s Services PMI shows resilience, but CNH unchanged. Greenback nears three-year lows ahead of jobs data.
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Dollar retreats on disappointing data
Dollar weaker on weak economic data. Contractionary US ISM Services, USD weaker. Aussie lower after GDP, but remains in the range.
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USD rebounds from three-year lows after better jobs numbers
USD rebounds from three-year lows. Aussie lower as RBA minutes shows 50bps cut considered. Chinese yuan higher despite weaker data.
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Aussie back at highs after US manufacturing hit
Aussie jumps to six-month highs. Greenback also pressured with Waller open to cuts. Euro gains as EU looks to strike back
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Aussie ends May weaker as Trump says US-China talks “stalled”
APAC FX mostly lower on US-China worries. Trump’s team develops a backup plan to apply tariffs. A week focused on growth and inflation metrics.