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Unlike Markets, Fed Isn't Too Worried About 5% Yields — Yet bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Despite a confluence of favorable conditions that are typically Dollar bullish a decidedly hawkish Federal Reserve, plummeting stocks, and soaring yields the greenback's response was unexpectedly tepid last week. While it managed to gain ground against European majors and Yen, it faltered when squared against the robust commodity currencies. Dollar Index, a measure of the currency against a basket of other major currencies, also recorded only a modest uptick. With the quarter's end on the horizon, it's plausible that a sense of caution may have restrained Dollar's potential surge. Alternatively, traders might possibly be awaiting further developments to validate a one-sided bullish shift. ....
Economy Remains Resilient at Mid-Year | Center on Budget and Policy Priorities cbpp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbpp.org Daily Mail and Mail on Sunday newspapers.
The USD/CHF pair has fallen back after a short-lived recovery move to near 0.8957 in the Asian session. The Swiss Franc asset is expected to continue ....