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The Fed wait continues..

The Fed wait continues..
In case you missed it, the central bank bonanza this week delivered a couple of surprises to markets as both the RBA and BOC decided to raise interest rates instead of keeping on the sidelines:RBA surprises with 25 bps rate hike, cash rate raised to 4.10%Bank of Canada overnight rate 4.75% vs 4.50% priorThe latter in particular led a turnaround in the Treasuries market yesterday as bond yields jumped higher and that took USD/JPY back above 140.00. The pair is back down lower now to 139.75 as the... Read More
Posted: Jun 8 2023, 04:39
Author Name: forexlive
Views: 081267

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