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UK markets are beginning to price in the possibility that a new Chancellor could change the fiscal rules and loosen Britain's purse strings, at a time when annual debt issuance is already perilously...
Today's FX market focus is squarely on the June US jobs report. Does a consensus +110k release provide cover for Fed Chair Powell to continue resisting pressure to cut rates? Or will a weak number...
Yesterday’s US data (JOLTS and ISM manufacturing) were stronger than expected, but this provided only limited support for a US dollar still suffering from an asymmetrical negative bias. To watch...
The Sino-American trade negotiations in London have yielded plans to revive the flow of sensitive goods, but have failed to mark a breakthrough and leave the US dollar still vulnerable to domestic...
The greenback has not held on to post-trade-deal gains for long, and while a soft CPI was the trigger for the correction, we think yesterday’s moves signal a clear preference for strategic short-USD...
The US dollar is enjoying some support thanks to a recovery in US market sentiment. At the moment, no other G10 currency has a higher beta than the dollar to US trade news, and Treasury Secretary...
Global equity markets - especially US equity markets - have been hit hard by President Trump's aggressive 'reciprocal' tariffs. Corporate America is suffering as Trump starts to rewire the global...
High-beta currencies have rallied overnight, perhaps indicating that the US will opt for a flat rate over country-specific tariffs, which could be seen as slightly more lenient. But it’s also been...
There is no clear catalyst for dollar strength towards the end of this week, but the pause in rotation from US to European equities and some caution ahead of the 2 April tariff event are probably...
Trump said yesterday that tariffs on Mexico and Canada are still on the table ahead of next Monday’s deadline. Markets remain reluctant to price that in for now, and some soft US consumer confidence...
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