Sterling Climb as Markets Dial Back BoE Rate Cut Expectations

The picture is pretty much the same through Asian and early part of European session, with the Australian and New Zealand Dollars, alongside the Canadian Dollar, persisting as the day’s underperformers. Swiss Franc has also found itself under pressure, particularly against its European counterparts, aligning with the commodity currencies in their struggle. Conversely, Yen and […]

Dollar took a nosedive overnight as investors were apparently relieved that Fed is still on track to cut interest rates three times this year. The odds for a June cut as indicated by fed fund futures also jumped back to above 70%. The positive sentiment shoot major US stocks indexes to new record highs. The […]

In a week crowded with high-profile events like FOMC rate decision overnight and the upcoming BoE meeting today, Japanese Yen is surprisingly stealing the show as the star performer in the currency markets. This rally in Yen’s can be attributed to the significant drop in global benchmark treasury yields, driven by renewed flight to safety […]