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Dollar wobbles as comments of Fed's Powell put focus on Sept rate cut

FOREX-Dollar wobbles as comments of Fed's Powell put focus on Sept rate cut Updates at 0510 GMT By Ankur Banerjee SINGAPORE, July 16 (Reuters) - The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell and rising odds for the re-election of former President Donald Trump .
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G7 government debt: the next market hot spot?

GRAPHIC-G7 government debt: the next market hot spot? By Yoruk Bahceli and Dhara Ranasinghe LONDON, July 16 (Reuters) - Huge debt piles among the world's biggest economies are starting to unnerve financial markets again, as elections cloud the fiscal outlook. French bonds took a beating after a surprise election and hefty spending plans caused alarm.
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Dollar drifts as Powell comments bring September rate cut in focus

FOREX-Dollar drifts as Powell comments bring September rate cut in focus By Ankur Banerjee SINGAPORE, July 16 (Reuters) - The dollar hung around five-week lows on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrenices gained on rising odds of former President Donald Trump getting reelected.
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Dollar lower after Powell, crypto climbs as investors eye Trump win

FOREX-Dollar lower after Powell, crypto climbs as investors eye Trump win Updated at 3:13 p.m. ET/ 1913 GMT By Chuck Mikolajczak NEW YORK, July 15 (Reuters) - The dollar fell slightly on Monday a fter comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt on former President Donald Trump lifted his reelection chances .
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US recap: EUR/USD fizzles as politics, policy grow choppy for dollar

BUZZ-COMMENT-US recap: EUR/USD fizzles as politics, policy grow choppy for dollar Dollar jitters vs yen persist with brief break below 55DMA AUD/USD -Consolidation persists ahead of US sales data risk July 15 (Reuters) - The dollar rose modestly against the other majors on Monday, rebounding off multi-month lows in some cases as investors sought to navigate though a choppy confluence of political and monetary policy factors following a weekend assassination attempt against Donald Trump.
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Charts to Watch-GBP/USD red flag, Yen intervention, Canadian CPI

BUZZ-Charts to Watch-GBP/USD red flag, Yen intervention, Canadian CPI July 15 (Reuters) - Chart 1: Red flags for GBP/USD bulls A surprisingly hawkish speech from Bank of England’s Chief Economist, Huw Pill, which in turn has cast a doubt over an August rate cut – now priced as a 50/50 chance – has paved the way for cable to reach 1.30. Sterling has also capitalized on a softer dollar following last week's soft U.S.
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Can sterling keep marching to new highs?

BUZZ-COMMENT-Can sterling keep marching to new highs? GBP/USD rose to a trend high of 1.2995 in early NorAm trading, matching the July 29 2023 peak, and is likely to test mid-July 2023 highs in the 1.31's given the current lower trajectory for U.S. rates. LSEG's IRPR page indicates Fed rates will fall at a faster pace than the BOE, lending support to GBP/USD.
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Dollar dips ahead of Powell, bitcoin climbs as investors weigh Trump win

FOREX-Dollar dips ahead of Powell, bitcoin climbs as investors weigh Trump win Updated at 10:30 a.m. ET/ 1430 GMT By Chuck Mikolajczak NEW YORK, July 15 (Reuters) - The dollar retreated from earlier highs on Monday ahead of comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets an assassination attempt on former President Donald Trump has boosted his re-election chances .
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FX options wrap - billions, value, GBP call, intervention, ZAR

BUZZ-FX options wrap - billions, value, GBP call, intervention, ZAR Trader option data from DTCC shows 12.5 billion euros of EUR/USD FX options , most around 1.0900, expiring on Monday and Tuesday, so no surprise to see a limited EUR/USD spot range around this level. Quite a busy data week which includes a European central bank policy announcement could increase volatility and add value to shorter-dated expiry EUR/USD options , where 1-week expiry implied volatility is currently trading lows sin
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Sterling steadies after biggest weekly jump in 2 months, eyes on CPI

Sterling steadies after biggest weekly jump in 2 months, eyes on CPI By Samuel Indyk LONDON, July 15 (Reuters) - Sterling steadied against the dollar on Monday after its biggest weekly jump since May last week as markets tempered expectations for an August rate cut from the Bank of England. Traders were now awaiting UK inflation data on Wednesday for more clues on interest rate policy.
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Dollar steady, bitcoin jumps as markets weigh up a possible Trump victory

Dollar steady, bitcoin jumps as markets weigh up a possible Trump victory Updates at 1109 GMT By Rae Wee and Samuel Indyk LONDON, July 15 (Reuters) - The dollar held steady on Monday and cryptocurrencies jumped as investors weighed up what the attempted assassination of former U.S. President Donald Trump might mean for his chances in the 2024 elections and the possible impact on markets .
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Trump hit steepens curve; China's economy judders

MORNING BID AMERICAS-Trump hit steepens curve; China's economy judders July 15 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan The shock shooting on Saturday of former President Donald Trump , who is seeking a return to the White House, is reverberating around world markets, with bets that the incident boosts his re-election chances steepening the Treasury yield curve and lifting stock futures first thing.
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FX traders may be getting carried away

BUZZ-COMMENT-FX traders may be getting carried away July 15 (Reuters) - FX traders may be getting carried away as they are lured into too many trades that are based on interest rates which depend on quiet conditions, when their trading is spurring moves that could lead to an unexpected rise in volatility that hurts them. Carry trades rely on two factors: robust risk appetite - and this is the case with stocks soaring - and quiet conditions.
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Sterling may come off the boil if UK CPI cools

BUZZ-COMMENT-Sterling may come off the boil if UK CPI cools July 15 (Reuters) - The pound might cede some of its recent gains against the dollar, euro and other major currencies if UK inflation data for June comes in cooler than expected on Wednesday at 0600 GMT. Below-forecast UK inflation data would be a welcome boost for doves on the Bank of England's Monetary Policy Committee, including Swati Dhingra , who want interest rates cut on Aug.
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Japanese yen may get bigger lift before July 31 BOJ meeting

BUZZ-COMMENT-Japanese yen may get bigger lift before July 31 BOJ meeting July 15 (Reuters) - The Japanese yen may get a bigger lift ahead of the July 31 Bank of Japan monetary policy meeting if traders adjust the huge sums wagered on its drop to account for changes that are likely to boost its value. The situation in respect of the yen has become extreme, with the currency dropping to record lows this year as speculators gamble huge sums on its drop while investors have sold copious amounts of y
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Dollar rises with crypto as markets turn in favour of a Trump victory

FOREX-Dollar rises with crypto as markets turn in favour of a Trump victory Updates prices at 0730 GMT By Rae Wee SINGAPORE, July 15 (Reuters) - The dollar rose broadly on Monday and cryptocurrencies jumped as trades for a victory by Donald Trump in the upcoming U.S. elections gathered steam in the wake of an attempted assassination of the former U.S.
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London stocks slip as Burberry's profit warning, US political jitters weigh

London stocks slip as Burberry's profit warning, US political jitters weigh For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.6%, FTSE off 0.5% Burberry falls to 14-year low after profit warning Robert Walters dips after fall in quarterly net fees British CPI data on tap July 15 (Reuters) - London stocks slipped on Monday, as lower commodity prices and political uncertainty in the United States weighed on risk appetite, whi
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Dollar rises, crypto jumps as markets turn in favour of a Trump victory

FOREX-Dollar rises, crypto jumps as markets turn in favour of a Trump victory Updates prices at 0550 GMT By Rae Wee SINGAPORE, July 15 (Reuters) - The dollar rose broadly on Monday and cryptocurrencies jumped as trades for a victory by Donald Trump in the upcoming U.S. elections gathered steam in the wake of an attempted assassination of the former U.S.
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Dollar buoyant, crypto jumps as markets turn in favour of a Trump victory

FOREX-Dollar buoyant, crypto jumps as markets turn in favour of a Trump victory Updates prices at 0345 GMT By Rae Wee SINGAPORE, July 15 (Reuters) - The dollar rose broadly on Monday and cryptocurrencies jumped as trades for a victory by Donald Trump in the upcoming U.S. elections gathered steam in the wake of a n attempted assassination of the former U.S.
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Dollar buoyed by safe-haven gains; sliding yen on intervention watch

FOREX-Dollar buoyed by safe-haven gains; sliding yen on intervention watch Updates prices at 0220 GMT By Rae Wee SINGAPORE, July 15 (Reuters) - The dollar rose on safety bids on Monday in the wake of the attempted assassination of former U.S. President Donald Trump, which in turn left the yen struggling to stay afloat despite Tokyo's suspected intervention efforts.
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