Topic: Daily Market Updates
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Market sentiment improves further
Yen reverses and stocks rebound. Seasonals and rate differentials weigh on pound. Euro pares back some gains, trades structurally higher.
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Volatility subsides as global equity markets recover
Calmer waters after turbulence. Loonie rises as investors boost Fed easing bets. Euro second best performing G10 currency in 2024.
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Carry trade rout extends
Risk aversion supports low yielders and safe havens. Pound sensitive to global sentiment. Euro salvaged by US NFPs.
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Dollar shifts lower ahead of US payrolls
Markets commit to September cut. BoJ, Fed done – BoE next. Euro trends higher as inflation runs too hot.
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Pound drops ahead of BoE
Markets commit to September cut. BoJ, Fed done – BoE next. Eurozone inflation runs too hot.
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Yen gains to 150 after BoJ hike
Higher dollar going into month-end. Pound lags G10 peers ahead of BoE. Euro range bound ahead of Fed.