XE Market Analysis: Dollar Struggles Despite Booming PMI Surveys

OVERVIEW

  • USD under pressure on rumors that Trump is considering a more dovish Fed Chair candidate.
  • S&P says Bank of England is talking up Sterling to fight inflation.
  • GBP lifted by stronger than expected PMI services.
  • ECB tells banks to set aside more cash on bad loans.
  • India’s central bank keeps rates on hold at 6%.

HIGHLIGHT