EUR/USD slides on hawkish Fed bets, weak euro area data

We dive into the main reasons behind the recent strength of the US dollar in the global markets. The USD has been trading higher against most other G10 and emerging market currencies, except for a few exceptions such as Latin American ones. We explore what's been driving this rally, with a focus on market concerns surrounding the US debt ceiling and how they have contributed to the safe-haven flows into the greenback. We also discuss the ongoing negotiations in Washington around the debt ceiling and why they are so important for the markets. Additionally, we analyze the relative performance of the Eurozone and the UK economies and how it may impact the euro's performance against the pound.We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk  Liked this show? Please leave us a review here – even one sentence helps!