Weekly Market Update
Dollar pulls back on AI wobbles, sterling gains ahead of budget The US dollar posted its first weekly loss in five weeks, despite an upside surprise in the September inflation report. Highlights: → Dollar gives up gains amid sell off in AI-related stocks. → Hot US inflation report unlikely to be enough for October Fed […]
Weekly Market Update
Bond market stabilisation gives risk currencies a boost Global bond markets finally found their footing last week, and currency markets followed suit. Highlights: → Fixed income markets stabilise after broad sell off. → US dollar rally pauses, despite hawkish FOMC minutes. → French OAT yields retreat as Le Pen signals intent for fiscal restraint. → […]
Weekly Market Update
Global bond rout buoys dollar even as Fed hike bets fade The relentless sell-off in government bonds worldwide remained the dominant force in financial markets last week. Highlights: → Safe-havens gain as rout in sovereign bond markets deepens. → Soft US payrolls report fails to dent the dollar rally. → Euro slides to 17-month lows […]
Weekly Market Update
Dollar benefits from relentless sell off in bond markets The steady grind higher in bond yields worldwide continues to be the central development for financial markets Highlights: → Global government bond sell off continues. → Dollar extends gains amid safe haven flows, hawkish Fed bets. → US payrolls report (Friday) could reinforce calls for October […]
Weekly Market Update
Hawkish Fed boosts dollar, Bank of England hints at rate hike The Fed’s September meeting delivered an interest rate hike and unmistakably hawkish message last week, making it clear that the central bank is squarely focused on bringing down inflation. Highlights: → Fed delivers a hawkish hike – dollar rallies versus most other currencies. → […]
Weekly Market Update
Blowout jobs report keeps September Fed hike in play Friday’s stellar US jobs report has ratcheted up the pressure on the Fed ahead of its September meeting, with investors now leaning toward a rate hike rather than a hold. Highlights: Strong US NFP data raises bets in favour of Fed hike in September. Friday’s CPI […]
Weekly Market Update
Dollar erases gains on September hike doubts, yen extends rally The dollar retreated on Thursday as investors grew doubtful the Fed would follow through with a rate hike at its September meeting. Highlights: US dollar reverses gains as markets question September Fed hike. FOMC member Waller lauds US inflation progress, favours a hold. NFP report […]
Weekly Market Update
Global bond market sell off deepens as investors fear inflation spike The typically quiet month of August is now over, though it was not without intrigue and perhaps left in its wake more questions than answers. Highlights: Bond yields surge worldwide as Iran war impasse sees oil prices jump. US dollar recovers […]
Weekly Market Update
Dollar sinks to June lows as Fed rate hike wagers unwind US inflation for July came out exactly as expected last week – other than that, there was little news elsewhere to move markets. Highlights: G10 currencies trade within tight ranges during summer trading torpor. Dollar falls to June lows as Fed rate hike bets […]
Weekly Market Update
US dollar sell off continues after weak jobs data Friday’s soft nonfarm payrolls report added further ammunition to the doves in the Fed, and rate markets continued pushing back their expectations of hikes in the US. Highlights: Dollar slides after soft payrolls report for July. US CPI report on Wednesday set to be key for […]