ECB vs. BoE – What to Expect

Investors have also been buying euros ahead of the European Central Bank rate decision.  No changes are expected from the ECB but the recent uptick in inflation has many traders pricing in a year end rate hike. 

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Why AUD & EUR are Soaring

The two best performing currencies today were the Australian dollar and euro which is a bit ironic because the Reserve Bank of Australia and the European Central Bank are two of the least hawkish central banks.

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A Strong Non-Farm Payrolls May Not be Enough

Between hawkish FOMC minutes, a strong ADP report and surge in Treasury yields the U.S. dollar should be stronger.  However in the last 48 hours, the greenback pulled back against the Japanese Yen, saw modest gains versus commodity currencies and consolidated against euro and sterling.  

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