🔻💵Dollar Eyes YTD Lows, Falls 0.5% On The Week: Cable FX Macro

• Mixed dollar trading on the week sent the greenback lower to meet its 2024 lows. The G10 saw the yen outperform peers while the Swiss Franc turned lower, a divergence in low yielders

• The week received the ECB rate decision and inflation data from August. U.S. prices continue to record stickiness, the report pushed traders to trim 50bps rate cut calls into the end of the week

• However, a WSJ article highlighted the Fed debating the size of the September rate cut. Last OIS pricing sees the chance of a 50bps rate cut this week at 50%