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EUR/GBP hits 11-month low

The euro-pound currency pair hits its lowest since March 2020, while the US dollar steadied from its recent ascent after higher-than-expected jobless claims data. Bitcoin pulled back while gold lingered near multi-month lows.

Dow hits intraday record high

The Dow Jones hit a fresh intraday record high on Monday, while tech stocks dragged the Nasdaq index into correction territory, down 10% from its high. The dollar gained as Treasury yields rose and the gold price fell again.

S&P 500 drops 2%, ends off low

Stock markets rebounded from heavy early losses to finish the day mixed amid uncertainty over a new strain of the coronavirus in the UK as well as a volatile first day for Tesla in the S&P 500.

GBP/USD tops $1.40

The British pound reached above $1.40 on Friday. Bitcoin’s market cap topped $1 trillion for the first time. The Tesla investment in Bitcoin is already worth more than its 2020 car sales. US indices closed the week lower after hitting record highs.

Boris ready to “move on” from Brexit

Wall Street was closed on Monday, which allowed for a rebound in European shares, while SMIC dropped big in Hong kong. The British pound was top FX decliner on new Brexit concerns. Today Germany has trade data and Slack reports Q2 earnings.

Swiss franc extends drop

The Swiss franc extended its weekly decline. EUR/CHF came close to its highest since October 2019. Meanwhile the Dow Jones hits a record high above 32,000. Bond yields jumped to a an annual high but fell back after comments from Fed Chair Jay Powell.

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