Summary: The year is starting off with the US dollar on its back foot even as US treasury yields rose into year end as the market continues to beli
Summary: Today, we look at how markets closed last year, noting the weakening of the US dollar in to year-end even as US treasury yields backed up in
Central banks and inflation remain the focus of the markets, as well as signals indicating how long and deep the recession may turn out to be.
The Euro area
The US Dollar index retreated following the BoJ policy announcement helping EUR/USD edge higher. Later in the day we have US building permit data which could r
The Bank of Japan shocked markets by widening its target band for the 10Y JGB yield, lifting the upper ceiling to 0.5% from 0.25%. In consequence,