Topic: Daily Market Updates
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Dollar slips ahead of pivotal NFPs, Waller speech
Ambiguous data ahead of job report. French PM announcement soothes investors. US data to decide the pound’s fate.
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Dollar softens further ahead ADP, initial claims
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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CAD steady ahead of BoC rate decision
Risk aversion ahead of job data. Pound weaker on global flows. Euro more fairly priced now.
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Dollar momentum softens approaching PCE release
Dollar poised for worst month of 2024. Pound comfortable, but tests loom. Eurozone inflation drops to 3-year low.
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Market action muted ahead of initial claims print
Dollar finds some respite. Pound holds its grip on key levels. Euro extends week’s losses.
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Dollar gains on month-end flows
Risk aversion supports dollar. Pound scales 2-year peaks. Euro’s rally may have run its course.