Topic: Daily Market Updates
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DXY recovers as yields rise
US business activity cools. Canadian dollar recovery stalls. Sterling registers best day of 2024. Euro rallies to $1.07 following bearish US PMIs.
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European PMIs surprise, attention turns to US
Dollar consolidates near 6-month highs. Dovish BoE rate outlook punishes pound. Euro gains on German PMI surprise.
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Dollar on the backfoot as tensions subside
Dollar gain moderates despite perfect storm. Still room for further GBP weakness? Euro gains ahead of PMIs.
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Geopolitical tensions keep markets on edge
Fed hawks roam free. Pound sets a new low for the year. Euro derailed by ECB comments.
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Dollar drops for a second day, stocks extend rebound
US data in focus as dollar settles . Pound bottoms, helped by inflation. Euro inches to a 1-week high.
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Fed to keep rates high for “as long as needed”
New reality of higher for longer sets in. Canadian dollar retreats from 5-month lows. Upside CPI surprise gives Sterling a boost.