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The dollar is near this year's high versus the euro and on track for its biggest monthly rise against it in 14 months. Traders are focused on US core PCE inflation data and Friday's jobs report.
One of the most bullish investor surveys on record arrived with its own warning attached. The same fund managers calling a record no-landing economy now rank AI hyperscaler capex as the likeliest trigger of a systemic credit event. A Record 54% Of Fund Managers Expect No Landing A record 54% of respondents to Bank of A
Fund managers cut end-2026 oil price forecast to $71 from $86 in June - BofA FMS.
83% of investors do not expect Fed to hike rates before November US midterm elections - BofA FMS