S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe US Dollar (USD) has rebounded at the start of the week, bolstered by President Trump’s nomination of Kevin Warsh for Fed Chair and positive economic indicators. The USD has benefited from reduced policy uncertainty and stronger-than-expected ISM manufacturing data, notes Lee Hardman, Senior Currency Analyst at MUFG.
US Dollar gains from positive developments
“The US dollar has continued to rebound at the start of this week supported by President Trump’s decision to nominate former Fed Governor Kevin Warsh to the next Fed Chair.”
“Stronger growth has already encouraged market participants to scale back expectations for Fed rate cuts this year.”
“Further Fed rate cuts are an important assumption behind of forecasts for further US dollar weakness in 2026.”
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