📈💵Dollar Posts Longest Winning Streak In More Than A Year: Cable FX Macro

• Another week of dollar gains goes to the books, our measure of the greenback is up 0.4% over the last 5-days. The benchmark has not seen four weeks of gains since August 2023, when the rise of yields drove the dollar higher

• The Japanese yen is leading the declines over this period of time, losing 4.8% in the last month, the euro has dropped 2.7%

• A 50bps rate cut pricing for November has faded, while traders now expect the ECB to ease by this amount in December. Also, rising odds of a Trump win in the November election is supporting the dollar