US Treasury turmoil and shifting Fed expectations are putting the dollar under pressure, while stronger European data and persistent UK inflation keep sterling and the euro in focus this week.
US Treasury turmoil and shifting Fed expectations are putting the dollar under pressure, while stronger European data and persistent UK inflation keep sterling and the euro in focus this week.
Surging bond yields and fiscal anxiety have left sterling exposed just as the European Central Bank prepares to tighten policy and US inflation data arrives to settle the Federal Reserve debate. With the Fed silenced by its communications blackout, Thursday and Friday carry outsized potential for volatility. We break down the key drivers for GBP, EUR and USD, plus the JPY, AUD and CAD, and what they mean for businesses trading internationally.
The US dollar has come under renewed pressure as weak economic data reduces expectations for further Fed rate hikes, while sterling and the euro gain ground. UK inflation, labour-market data and the FOMC minutes are key FX catalysts this week.
Oil prices have surged as Strait of Hormuz tensions return to the forefront, while weak US payrolls leave markets questioning the Fed’s next move. UK GDP and US CPI now take centre stage.
Last week’s central bank marathon ended with hawkish holds from the Fed and Bank of England – and a weaker dollar. Now attention turns to Friday’s US jobs report, the most important release before the Fed’s September meeting. We break down the key drivers for GBP, EUR and USD – plus the JPY, AUD and CAD – and what they mean for businesses trading internationally.
A sharp fall in oil prices after a pause in US-Iran hostilities has shifted the focus back to monetary policy, with the Federal Reserve, Bank of England and Bank of Japan all announcing decisions this week. Sterling looks to recover from fiscal-driven losses, the euro is underpinned by growing bets on a September ECB rate hike, and the dollar’s safe-haven bid is fading. We break down the key drivers for GBP, EUR and USD — plus the JPY, AUD and NZD — and what they mean for businesses trading internationally.
Renewed tensions in the Middle East have pushed oil prices higher and driven investors towards the US dollar, while key economic data and central bank expectations continue to shape the outlook for sterling and the euro.
Renewed tensions in the Middle East have pushed oil prices higher and driven investors towards the US dollar, while key economic data and central bank expectations continue to shape the outlook for sterling and the euro.
Weaker US payrolls have reset expectations for Federal Reserve policy, helping sterling strengthen while shifting attention towards key central bank signals and economic data this week.
Political change in the UK, key inflation data in Europe and a crucial US jobs report are set to drive currency markets as investors reassess the outlook for interest rates.