Market Insight
Daily Analysis: This Week's Dollar Strength Holds Firm as Markets Eye U.S. Data; Euro Struggles Amid French Political Uncertainty
Reece Dye
Head of Corporate Clients
Our daily analysis of EUR, GBP and USD.
DAILY ANALYSIS
USD
- Dollar remains firm ahead of the University of Michigan Consumer Sentiment report, which could offer clues on household confidence and potential inflation expectations.
- Broader Dollar strength has persisted through the week as safe-haven demand remains elevated amid ongoing political risks in Europe.
- EUR/USD trades down at 1.1575.
EUR
- Euro remains pressured as political turmoil in France continues to weigh on investor sentiment, keeping appetite for the currency subdued.
- Markets expect the ECB to maintain its current policy stance, with no immediate shift in rates, as officials balance sticky inflation against slowing growth.
- EUR/GBP trades around 0.8700, up 0.05% vs Thursday.
GBP
- Sterling steadies as traders digest the Bank of England’s cautious monetary stance, with policymakers signalling that rates may remain restrictive for longer.
- Market sentiment toward the Pound remains subdued, with price action largely driven by broader Dollar movement and risk appetite in Europe.
- GBP/USD trades lower at 1.3300.
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