Yen Extended Down Trend on Rise in Yields and Rebound in Stocks
Yen’s down trend continued last week and even accelerated against commodity currencies. Persistent rally in benchmark yields, rebound in stocks, and diverging central bank expectations are expected to weigh on Yen further. Meanwhile, expected rate hike by Fed and BoE...
Weekly Economic & Financial Commentary: Significant Monetary Policy Tightening Ahead
Summary United States: Significant Monetary Policy Tightening Ahead In a full week of economic data, Wednesday’s FOMC meeting took center stage. FOMC officials lifted the target range for the federal funds rate by 25 bps. Meanwhile, data on retail sales,...
The Weekly Bottom Line: The Fed Amps Up its Fight Against Inflation
U.S. Highlights The U.S. Federal Reserve raised interest rates for the first time since 2018, and signalled it is prepared to raise rates substantially in order to contain inflation. Oil prices were down this week as renewed lockdowns in China...
Week Ahead: Follow Through from FOMC and BOE; Headline Watching from Russia/Ukraine War
With a lack of an obvious catalyst this week, markets will continue to trade off the rate hikes from the FOMC and the BOE. Last week, the FOMC hiked rates by 25bps and noted in its statement that there are...