Topic: Weekly FX Report

Global MacroForward guidance fades from Central Banks playbook Fed cuts, but internal divisions expected to intensify.

Markets brace for Fed rate cuts as inflation cools and growth slows – setting the stage for a policy pivot and potential dollar weakness.

Global yields are surging – U.S. 30-years briefly topped 5%, UK gilts hit 1998 highs, and Japan’s costs climbed. Sterling’s drop and France’s budget tensions add to the strain. Yet, soft U.S. jobs data fuels Fed rate-cut bets, keeping risk appetite afloat ahead of key inflation numbers.

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.