Topic: Daily Market Updates
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USD hit in Asia as USD/TWD plunges
Taiwanese dollar surges as “appreciation by stealth” mooted. Dovish signals point to BOE’s May rate cut. GBP/AUD, EUR/AUD extend losses after Australian election.
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US payrolls report could jolt markets
US data downbeat but not dreadful. Euro flirting with key support level. Four BoE cuts now priced in.
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Trade optimism boosts dollar
Wave of hard data reinforces US growth concerns. Euro softens after historic April rally. Pound’s correlation with oil prices.
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Sentiment fragile amidst trade tensions
Data to drive dollar. Plenty of supporting factors for euro. Resilient sterling in risk-on conditions.
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GBP and EUR gains to be tested as rally wanes
GBP/USD turns at key 1.3400 level. ECB’s Kazaks warns against rate cuts. All eyes on inflation and growth data this week.
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Easing trade war, rate cut hopes
From chaos to calm. Euro quelled by risk-on mood. Brits bask in sunshine boom.