Topic: Market Insights
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USD tumbles in Asia as global markets hit by sell-off
USD/JPY drives losses in Asia. Euro, GBP outperform. Aussie awaits RBA rate decision.
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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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Sea of red as global equity sell-off deepens
Risk aversion supports low yielders and safe havens. Pound sensitive to global sentiment. Euro salvaged by US NFPs.
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US jobs miss sparks fears of recession
Global markets hit by slowdown fears. Greenback mostly better in August. RBA in focus this week.
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Bad data stopped being good news
Central banks are diverging in policy: the Fed left rates unchanged, the Bank of England began easing. Despite this, lower yields driven by weaker growth persist, pushing the 10-year Treasury yield below 4%. Major stock indices declined amid rising recession fears and geopolitical tensions, while the yen strengthened against the dollar.
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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.