An above-forecast first reading of Q2 US GDP and strong consumer spending data yesterday calmed equity markets, while the Q2 core PCE price index rose 2.9% compared to expectations of 2.7%.
Read moreAn above-forecast first reading of Q2 US GDP and strong consumer spending data yesterday calmed equity markets, while the Q2 core PCE price index rose 2.9% compared to expectations of 2.7%.
The JPY rebound has extended further today and is proving to be a wrecking ball for leveraged trades across a range of markets.
The USD rose 0.2% yesterday, reaching nearly two-week highs amid hedging flows ahead of U.S. tech earnings.
The week started on a bullish note in Europe and the US, as Joe Biden’s decision to leave the presidential race did not impact market sentiment.
The USD pared gains after a boost from above-forecast June retail sales data yesterday, closing the day marginally lower.
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