Central bank policy bets boost Euro and dent USD
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.
Currency volatility remained elevated over the past couple of weeks, most notably in the EUR/USD exchange rates will jumped back above parity following the latest European Central Bank (ECB) rate decision.
Central bank policy speculation has been a key driver of currency movement over the past couple of weeks and had infused the FX market with some notable volatility.
The currency market has been infused with some notable volatility over the past couple of weeks, following Russia’s invasion of Ukraine.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Fears of a looming global recession have acted as a key catalyst of movement in the currency market over the past couple of week, leading to investors favouring safe-haven assets.
Trade in the currency market has been erratic through the first half of June following the European Central Bank’s (ECB), Federal Reserve’s and Bank of England’s (BoE) latest interest rate decisions.
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