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The Euro rebounded broadly today, buoyed by reassurances from a number of ECB officials that the central bank remains committed to a gradual approach to policy easing. Yesterday’s 25bps rate cut appears to have had solid consensus backing, with no indications that a more aggressive 50bps cut was even seriously debated. Despite recent economic softness […]

The post Euro Rebounds on ECB Gradualism, Sterling Struggles appeared first on Action Forex.

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Swiss Franc Falls Amid Surging Treasury Yields and Manufacturing Optimism
02/04/2024

Swiss Franc Falls Amid Surging Treasury Yields and Manufacturing Optimism

Currency markets shifted their attention towards the sell-off in Swiss Franc today, a reaction to the substantial rally observed in European and US treasury yields. With the 10-year yields in Germany and UK climbing back above 2.4% and towards 4.1% respectively, and US 10-year yield setting sights on 4.4%. The surge in yields comes on […]
Market Upturn as Inflation Cools; Stocks Climb, Euro and Dollar Falter
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Market Upturn as Inflation Cools; Stocks Climb, Euro and Dollar Falter

Financial markets were dominated by themes of cooling inflation, a slowing economy, and increasing expectations of policy easing by both ECB and Fed last week. This convergence of factors ignited a full risk-on mode among investors, propelling major US stock indexes and Germany’s DAX to sharp gains. In tandem, benchmark treasury yields in both Europe […]
Dollar Gains Momentum as Fed Hike Re-Enters Markets Pricing, Despite Ultra Low Odds
24/05/2024

Dollar Gains Momentum as Fed Hike Re-Enters Markets Pricing, Despite Ultra Low Odds

Dollar’s rebound is gathering momentum, as fueled by yesterday’s data indicating a resurgence in the services sector, which could impede disinflation progress. While fed fund futures still reflect over 50% probability of a rate cut in September, there is now a 0.6% chance of a rate hike—an occurrence not seen for quite some time. Currently, […]