Topic: Market Insights
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FX Weekly – US shares surge as FX volatility wanes
In a quieter week for global data, purchasing manager indexes (PMIs) were the main releases. The Fed and ECB minutes signalled rate cuts were coming but no time soon. The US dollar is on track to suffer its worst week of 2024, but the Japanese yen remains the clear loser.
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Dollar’s dominance is starting to fade
First weekly drop of 2024? UK recession in rearview mirror. Rate cuts are coming.
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Sterling resilient despite falling consumer confidence
USD bounces off 3-week low. UK recession in rearview mirror. Rate cuts are coming.
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Kiwi outperforms as US shares surge
FX volatility continues to decline. GBP/USD near recent highs as data improves. Singapore core inflation key for MAS.
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Pound and euro jump after European PMIs
Fed minutes lean hawkish. Strong PMIs boost pound. Euro eying best week of 2024.
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Dollar under pressure ahead of PMIs
Fed minutes lean hawkish. Strong PMIs to boost pound? Best week of 2024.