And now, back to Europe...
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Head of Commodities Strategy Ole Hansen discussing the FX market focus on interest rate differentials after Wednesday's US rate hike and with EURUSD pushing to the downside.
Another Powell speech and quarter end coming up
The USD sell-off has run out of steam a bit ahead of a speech with Q&A from Fed Chair Powell late today. Ahead of quarter end, we wonder if portfolio reallocations could heavily swing price action in coming sessions, given large moves in especially bonds over the last quarter.
Twitter ‘Wrath of Trump’ targets Fed
Someone did something to President Trump’s cornflakes. He started his day in a sour mood and took to Twitter to rail at the Fed.
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