The dollar managed to hold on rather well last week, considering that the only US data point of the last few weeks (the September CPI report) all but guaranteed cuts at the next two Federal Reserve meetings.
The mounting risks associated with rising US-China trade tensions and the ongoing federal closure created some strange correlations in financial markets last week.
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Ebury solidifies its local presence in the midlands, setting up at the heart of the UK’s second-largest metropolitan economy, a key hub that attracts significant levels of foreign direct investment.
The dollar had its best week in months as political concerns hobbled the euro, although the renewed trade war between the US and China threw a spanner into the works and triggered a sharp sell off in risk assets on Friday.
The shutdown of most US federal functions continues into a second week, after Congress failed to agree upon spending bills to keep the government running.
Some generally strong economic data out of the US buoyed the dollar last week, while causing markets to soften bets in support of Federal Reserve rate cuts.