02/10/2025
As we move into February, the focus remains on central bank policy direction.
Markets are focused on today’s US PCE inflation data, which could have significant implications for Fed rate expectations. The ECB rate cut and weak Eurozone GDP have put further pressure on the Euro, while Sterling is consolidating ahead of next week’s BoE decision.
Market attention today is focused on the ECB’s interest rate decision and US GDP data. The ECB is expected to cut rates, which could weigh on the euro, while strong US data could bolster the dollar.
Markets are focused on today’s Federal Reserve decision, with expectations of a steady rate policy but cautious guidance from Powell. The Euro and Pound remain under pressure due to expected rate cuts from the ECB and BoE.
USD regained dominance today as President Trump’s tariff threats lifted demand for safe-haven assets and pressured risk-sensitive currencies.
This week holds significant volatility potential with central bank decisions from the ECB and Fed.