Multi-Asset Strategy Daily

The report highlights a quiet start to the week across major currency markets, with a focus on upcoming ISM services data for the US and central bank commentary for the UK and Eurozone. Market participants remain cautious, largely trading within existing post-FOMC ranges.

Key Takeaways

• 1.The USD market is currently range-bound, awaiting ISM services data to see if it confirms a softer labour-market signal.
• 2.Bunds are struggling to extend rallies despite lower oil prices and softer inflation signals, with fiscal concerns keeping the long end heavy.
• 3.GBP rates remain sensitive to global duration trends, though domestic activity data continues to show weakness.

Table of Contents

• USD
• EUR
• GBP
• JPY
• Important Information

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