Another week of dollar gains goes to the books, our measure of the greenback is up 0.4% over the last 5-days. The benchmark has not seen four weeks of gains since August 2023, when the rise of yields drove the dollar higher
The Japanese yen is leading the declines over this period of time, losing 4.8% in the last month, the euro has dropped 2.7%
A 50bps rate cut pricing for November has faded, while traders now expect the ECB to ease by this amount in December. Also, rising odds of a Trump win in the November election is supporting the dollar
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