Currency Markets Stabilise as Traders Brace for Heavy Week
Markets are holding steady ahead of a week full of potential volatility landmines: central bankers in Tokyo, Washington and London will deliver rate decisions, four of the ‘magnificent seven’ technology companies – Amazon, Apple, Meta, and Microsoft – will release earnings, the euro area will publish an inflation update, and a critical US non-farm payrolls report will cap things off before the August doldrums set in. The dollar is edging higher, Treasury yields are slumping, and equity futures are setting up for a second day of gains after last week’s steep stock market selloff. Investors remain unwilling to take short...