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Fed Decision Preview
The market is waiting for the Fed to make its latest decision on policy and heading in, the broad consensus calls for another 25-basis rate cut. Still, at the same time, that broad consensus has become a little less broad in the lead up. Audio update
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Unbothered by money market distress
The US Dollar is coming out of Tuesday trade that had it trading on the backfoot after the New York Fed was forced into a rescue operation of the money markets. This was the first rescue operation since the 2008 crisis and came in reaction to a distressing spike in overnight borrowing rates. FOMC decision […]
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Daily FX Market Commentary
Good Morning, LMAX Close USDJPY 108.119 | EURUSD 1.10721 | AUDUSD 0.68659 | NZDUSD 0.6350 | USDCAD 1.32444 | USDCHF 0.99307 | GBPUSD 1.24999 | LMAX highs and Lows 05.00 GMT Highs | Lows EURUSD 1.10755 | 1.10644 USDJPY 108.270 | 1.08088 GBPUSD 1.25141 | 1.2484 USDCHF 0.99383 | 0.99254 AUDUSD 0.68685 | 0.68464 USDCAD […]