GVI – market mood and themes:
in his expert wisdom waller said earlier that any rate cut be needing to wait for the inflation “bump” to fade (booowa-hahaha, tks waller for the laugh); in the meantime players are chewing over tariff risks (consequences do not appear all that clear as some economists / pundits with hair on fire scream) so
Bottom Line
is that FX likely to remain tame until something comes out clearer to stirr bonds