Topic: Market Insights
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USD lower as market shrugs off Powell’s warning
FX markets cross Asia rebounded as the US dollar fell.
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Dollar treads water above 5-week lows
Euro ticks below mid-May high, sterling’s surge cooled by unexpectedly hot UK inflation, and robust Canadian spending boosts C$.
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Sterling seesaws on hotter than expected UK inflation
UK inflation above forecasts for fourth month running, strong data before Powell’s testimony, and the euro stalls despite pricing of 4% terminal rate.
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Aussie hit by RBA minutes, PBOC cut no help
The US dollar was stronger overnight as global sharemarkets took another step lower.
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Dollar steadies ahead of Fed chair testimony
Euro hovers near 5-week highs, UK pound slips below April 2022 peak, and the Loonie steadies ahead of data.
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Rate expectations & rallying equities support sterling
Proud pound awaits inflation data, the euro shrugs off cooling German producer prices, and Inertia of FX could further hurt JPY.