Looking ahead, expectations for FOMC policy will be a major driver for USD/JPY… As my colleague Joe Perry noted last week, most central banks are expected to raise interest rates, in some cases dramatically, in the coming year in their fight against inflation. The biggest outlier to this trend is the Bank of Japan, which […]
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RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…