WEEKLY MARKET OUTLOOK
Last week, the U.S. dollar regained some ground after months of consecutive declines, primarily driven by increased demand for the safe-heaven currency as the conflict in the Middle East intensified.
RBNZ POISED FOR A 50BPS RATE CUT : The Reserve Bank of New Zealand started its easing cycle in August with a25-basis point cut to 5.25%. With inflation close to the 2% target, investors anticipate a larger 50-basis point cut this month to boost economic growth.
UK'S GDP DATA IN FOCUS : The UK's economy grew more slowly than expected in the second quarter, despite positive signs for household finances and business investment. Weak GDP data may suggest a slowdown, prompting the Bank of England to reconsider its monetary policy.
WILL U.S. CPI FIGURES MEET EXPECTATIONS OF A CONTINUED DECLINE : U.S. inflation has been on a steady downward trend, approaching the 2.0% target. If the CPI comes in lower than expected, it may trigger the Federal Reserve to implement a larger than anticipated rate cut in response.