Year’s Start Sees Shift in Risk Sentiment, Dollar Ended Higher Despite Jitters

Swiss Franc traded broadly lower in Asian session today, amidst a backdrop of general market inactivity with all other major pairs and crosses staying inside Monday’s range. Still, it remains to be seen whether the Franc’s sell-off could extend beyond last week’s lows, a downturn initiated by SNB’s unexpected rate cut. Meanwhile, Euro and Sterling […]

Canadian Dollar remains the weakest performer for the week at this point. Yet, losses is so far contained, with the recovery after the brief selloff following BoC’s rate cut overnight. While further cuts are anticipated within the year, the likelihood of another immediate adjustment in July is currently seen as unlikely , with market odds […]

Global financial markets were abuzz with several high-profile events last week, including critical meetings of Fed and BoJ, alongside release of US inflation data. However, it was the escalating political turmoil in France that captured the most attention, significantly impacting Euro and overshadowing other major economic news. The common currency emerged as the week’s weakest […]