Archive for: August, 2021

Weekly Market Update

Post date: 23/08/2021 11:51 Jitters about the possible impact of continued COVID restrictions worldwide favoured the dollar last week. The consensus seemed to be that the impact on growth expectations would be relatively more muted in the US than elsewhere, and the greenback benefitted from that and also a hawkish tone in the minutes of…

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Weekly Market Update

Post date: 16/08/2021 13:19 A downward surprise in US consumer expectations would normally be shrugged off by financial markets. However, thin August trading meant that this second-tier data print late-Friday had an outsized impact on markets that had mostly ignored the much more critical CPI print a couple of days earlier. US rates gave up…

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Weekly Market Update

Post date: 09/08/2021 11:54 Going into the key Friday payrolls report last week, currencies traded with typical summer torpor, as many decision makers in trading floors are on vacation and critical news was scarce. All changed on Friday afternoon after a stellar jobs report out of the US provided evidence that the US economic recovery…

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Weekly Market Update

Post date: 02/08/2021 12:08 Easing concerns surrounding the spread of the delta variant and a generally dovish set of communications from the Federal Reserve sent risk currencies higher and caused the dollar to retrace most of its recent gains last week. Last Wednesday’s FOMC meeting delivered rather mixed messages, although investors latched onto Chair Powell’s…

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