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After a very volatile North American session yesterday, currencies settled into a much sedate pace during Asian and European dealing as traders digested the price action and prepared themselves for today's NFPs.
Yesterday dollar rout was caused by the tempering of rate hike expectations with NY Fed's William Dudley practically telegraphing to the market that the Fed is likely to hold off on any tightening in March given the global economic slowdown. It's hard to believe that the market reaction …
Yesterday dollar rout was caused by the tempering of rate hike expectations with NY Fed's William Dudley practically telegraphing to the market that the Fed is likely to hold off on any tightening in March given the global economic slowdown. It's hard to believe that the market reaction …