United Kingdom 10-y Bond Auction dipped from previous 4.635% to 4.522%

Aug 5, 2025

USD: Risk-on mood and US data weigh on USD dynamics – BBH

US Dollar (USD) is hovering at the top-end of the range carved-out since Friday’s post-NFP low. US stocks are powering forward and dragging global equity markets higher. **Expectations of looser Fed policy and resilient global economic activity are fueling the stock market rally**.

USD: Spanner in the works – Commerzbank

The US labor market report for July has thrown a spanner in the works, dashing my speculation that the Fed might not cut interest rates in September after all. Now it looks more likely than ever.