Topic: Weekly FX Report

French bonds slide ahead of Sept 8 vote, Fed tensions flare, long Treasuries slump, dollar firms. Stocks rally, volatility stays low – key U.S. data next week could shift the tide.

Markets await Powell’s Jackson Hole speech amid inflation concerns and rate cut hopes. Global PMIs beat expectations, but diplomacy stalled after the Trump-Putin summit failed to yield a Ukraine deal. The dollar rose on Fed minutes, while the Kiwi fell after a rate cut.

Markets rallied as the U.S.-China tariff truce was extended, CPI stayed tame, but surging PPI stirred rate-cut debate. Fed policy remains volatile, the dollar faces renewed yield sensitivity, and global currencies reacted to central bank moves and upbeat UK data.

Markets rallied despite fresh U.S. tariffs and weak jobs data, with investors eyeing potential Fed rate cuts and leadership changes amid growing global trade tensions.

Markets were muted as the Fed held rates with rare dovish dissent, while tariffs inflated GDP and lifted the dollar.

Markets are riding a wave of deal-led optimism, with tariff tensions easing and equities hitting fresh highs. But beneath the surface, risks remain as central banks pause and volatility season looms. Traders may soon have to reckon with what’s been overlooked.