Dollar’s Comeback Stalls Again But Doesn’t Seem Easy for Euro to Force a Topside Break

Markets Yesterday’s European September PMIs were not bad on a headline level but details were unconvincing. More than anything else, they argue for a prolonged pause in the ECB’s normalization cycle to check how previous easing, coupled with the fiscal initiatives, will be filtering through. The market reaction was testament: no changes in German/European yields […]

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