Euro (EUR) fell amid broad US Dollar (USD) strength, as US core goods CPI rose. EUR was last at 1.1622, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD) and a mid-performer among the G10, attempting stabilization in the mid-1.34s following an aggressive pullback from its July 1 multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The world is shifting from a US-led liberal order to a multipolar order based on ‘might makes right’. Trump’s foreign policy rejects multilateralism in favour of a zero-sum game of ‘great power collusion’.