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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 112.17 | EURUSD 1.14406 | AUDUSD 0.76829 | NZDUSD 0.72916 | USDCAD 1.30051 | USDCHF 0.95586 | GBPUSD 1.30078 | LMAX Highs and Lows 5am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.14457 | 1.14269 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 112.146 | 111.729 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.30300 | 1.30046 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.95717 | 0.95531 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.77122 […]
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When Monetary Policy Reversal Goes Global
There’s been a clear wave of USD selling this week, particularly against many of the developed currencies, on the back of ramped up hawkishness. The development is a significant one as it has not only resulted in a Dollar rout, but has also start…