EBC Daily Snapshot Oct 10, 2024

The US hovered near a two-month high on Thursday as markets grew confident in the Fed's patient monetary policy ahead of a key inflation report.

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Dollar battles to maintain recent gains

Dollar battles to maintain recent gains

Trump uses tariffs as leverage to end the Ukraine-Russia conflict; Risk-on sentiment remains intact as earnings season picks up speed; US CPI report in focus, could cement a July Fed rate pause; Heavy profit-taking in cryptos; oil slides after testing key resistance;
XM Group | 12h 7min ago
China’s GDP Surprise Boosts Risk Currencies, CPI Eyed

China’s GDP Surprise Boosts Risk Currencies, CPI Eyed

China’s Q2 GDP surprise at 5.2% YoY sparked a positive reaction across global markets on July 15, 2025. Commodity currencies like AUD and NZD advanced modestly, while Gold hovered near $3,350 ahead of key U.S. CPI data. The Japanese Yen weakened despite safe-haven flows, as 10-year JGB yields hit their highest since 2008, highlighting BoJ-Fed policy divergence.
Moneta Markets | 12h 28min ago