12/03/2026
The US Dollar remains on the defensive ahead of Friday’s CPI, with soft consumption data and structural concerns overshadowing a stronger NFP headline.
The US Dollar remains on the defensive ahead of today’s delayed NFP report, with soft US data and falling yields reinforcing expectations of Fed easing later this year.
The US Dollar opens the week on the back foot as weak labour data, China Treasury‑reduction rumours, and rising Fed‑cut expectations weigh on sentiment.
The US Dollar corrects lower after a strong week as weak labour data boosts expectations of earlier Fed easing. Sterling stabilises after the BoE’s dovish surprise, while the Euro remains pressured by soft German industrial data and cautious ECB messaging.
Market attention is firmly on today’s BoE and ECB decisions, with both central banks expected to hold rates but deliver guidance that could shift currency direction.
Markets are in a holding pattern ahead of Eurozone inflation and key US data. Sterling and the Euro remain steady ahead of Thursday’s BoE and ECB decisions, while the Australian Dollar outperforms following the RBA’s hawkish hike.