Topic: Daily Market Updates
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Cautious dollar selling before job report
Ambiguous data ahead of job report. French PM announcement soothes investors. US data to decide the pound’s fate.
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More macro weakness
Dollar hit by weakening labor market. Euro recovers on soft US JOLTS. The BoC cuts rates third time in a row
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Worst day since August 5th
Risk aversion ahead of job data. Pound weaker on global flows. Euro more fairly priced now.
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Dollar stronger going into PMIs
China continues to disappoint. Seasonals could weigh on sterling. Political risk flares again in Europe.
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Calm before payrolls storm?
Data to decide size of Fed cut. Sterling lacking fresh positive catalysts. Euro momentum turns bearish as inflation cools.
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Awful August for US dollar
Dollar poised for worst month of 2024. Pound comfortable, but tests loom. Euro slides on soft German CPI print.