As the Iran-Israel conflict fades into the background, the focus switches back towards the usual suspects. And that means figuring out the balance struck between Trump's tariffs, trade tensions, the impact of the economy, and central banks' reactions.
The question now is will they look to cut in September then? Traders have fully priced in a 25 bps move for the end of Q3, so we'll see how things progress from here. By year-end, we're seeing ~60 bps of rate cuts priced in now.
So, it will be a continuation of market flows adjusting to the post-conflict situation in the Middle East. That before month-end starts to creep in by Friday and next Monday.
This article was written by Justin Low at www.forexlive.com. Read More Details
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