The US Dollar (USD) has declined since Monday, in line with our call. While there are some signs that Ukraine peace deal optimism is supporting European currencies, short-term misvaluation justifies a dollar correction.
In a recent audio comment, UBS's Paul Donovan discusses the implications of Federal Reserve Governor Christopher J. Waller's advocacy for a December rate cut, emphasizing the potential risks to the US economy.
Nasdaq 100 rebounds from interim lows but faces resistance near 25,650 points, with technical signals suggesting a brief bounce before potential continuation of the pullback, Société Générale's FX analysts note.