Pippo

Rising U.S. yields and geopolitical tensions dominated this week, driving safe-haven flows and broad dollar strength. We’re detailing how the major currencies moved around!

We saw a tug-of-war between rising bond yields and safe haven flows, as investors digested mixed data, inflation and geopolitical concerns, and election-related uncertainties.

The market spotlight was on global flash PMI reports, which printed mixed results across major economies. How did asset classes and currencies fare?

The flash PMI readings from the eurozone painted a mixed picture of the economy, as improvements were seen in Germany but France reported a slowdown in both manufacturing and services sectors.

The major assets were all over the charts on Wednesday. U.S. Treasury yields continued to rise, boosting the U.S. dollar higher and dragging gold prices lower.

BOC cut its interest rates by 50bps in October as inflation hit the central bank’s targets. How exactly did the Loonie react to the news?

France, Germany, and the Euro Area are printing their October PMIs this week! What are the markets expecting and how may the releases affect the euro’s intraweek trends?

There were no major data releases, which left the major assets exposed to current market themes and increasing concerns about the U.S. economy.

The BOC might cut its rates again! What are the markets expecting from the release and how does CAD usually react to the event?

Major assets saw volatility despite a lack of top-tier data. Oil was supported by escalating Middle East tensions, while gold dipped after hitting fresh record highs.