Bank of England left its interest rates unchanged and maintained its QE target but slowed the weekly pace of purchases indicating that the Monetary Policy Committee may be setting up for a shift towards a less accommodative posture as the economy continues to recover.
This will be a busy week for the forex market. There are three central bank meetings, U.S. retail sales, New Zealand Q4 GDP, Australia’s employment
Daily FX Market Roundup 03.09.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. traded lower against all of the
#USD Soars as 10 Year Yields Rise 10% Stocks Collapse, Driving Risk Currencies Lower #AUD Hit the Hardest by Risk Aversion #EUR the Most Resilient
#USD Slides as Stimulus Bets Gain Traction #EURO Shrugs Off Weaker German IP New Highs in Stocks Drive #AUD #NZD Higher #GBP Hovers Near Strongest