SignalMacro
Euro Marked Down, China's GDP Firmer Than Expected, AI Equities Stabilize
China's firmer-than-expected GDP and stabilizing AI equities offset euro weakness.
Context
What happened: The dollar is mixed against G10 currencies to start the week. The euro is the weakest after being marked down on social strife in Europe, especially France, over the weekend.
Key numbers: China Q3 GDP rose 1.2% QoQ versus 0.9% in Q2. Nasdaq futures rose 1.1% and S&P futures 0.50%. The Canadian dollar reached around a three-and-a-half-week high.
Why it matters: Peripheral premiums have widened against Germany and are a drag on the euro. China's retail sales lagged industrial output, and the PBOC set the dollar's reference rate at a new multi-year low.
What changed
The dollar is mixed against G10 currencies to start the week. The euro is the weakest after being marked down on social strife in Europe, especially France, over the weekend.
Why it matters
Peripheral premiums have widened against Germany and are a drag on the euro. China's retail sales lagged industrial output, and the PBOC set the dollar's reference rate at a new multi-year low.