Japan is the only G7 central bank that is still pursuing quantitative easing and is the only G7 country that is projected to record a larger fiscal deficit than in 2021.
The dollar bloc currencies and Norwegian krone are slightly firmer while the Swedish krona, sterling, and the yen are off around 0.3%-0.6%. Read more here.
The US dollar is consolidating yesterday’s losses but is still trading with a heavier bias against the major currencies and most emerging market currencies. Read more here.