FX Daily Snapshot

The USD remains strong on hawkish Fed minutes and blowout Nvidia earnings, while the GBP and Gilts have recovered following softer-than-expected UK inflation data.

Key Takeaways

• 1.The US dollar is strengthening following hawkish FOMC minutes that show a majority of members are prepared to hike rates if inflation persists.
• 2.Nvidia reported record-breaking quarterly sales of $81.6 billion, boosting investor confidence in the AI rollout as a global economic tailwind.
• 3.The British Pound and Gilts have rebounded as UK core and services inflation dropped more than expected, easing fears of persistent price pressures.

Table of Contents

• USD: Fed minutes & Nvidia earnings in focus
• GBP: Gilts & GBP rebound as UK fiscal & inflation persistence fears ease
• KEY RELEASES AND EVENTS
• CERTIFICATION
• LEGAL ENTITIES AND BRANCHES
• GENERAL DISCLAIMERS
• COUNTRY AND REGION SPECIFIC DISCLAIMERS

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