The dollar is sporting a softer profile today against all the G10 currencies but the Swedish krona. The Riksbank sounded more dovish than previously, signaling the possibility of a cut in each of the las three meetings of the year. The dollar has sustained its push above JPY160 against the Japanese yen. Most emerging market currencies are also firmer, with the notable exception of Türkiye and South Africa. Türkiye is expected to keep its one-week repo rate steady today at 50%, while the Czech central bank is seen delivering a quarter-point cut. (to 5.0%). The central bank of Mexico meets later today and will hold the ... (full story)