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EZ FX Complex Sold On Recessionary Fears
As we look back at the performance of the last week, the Japanese Yen and the US Dollar dominated the proceedings, with an exceptional guest as the Kiwi. In the case of the latter, it keeps drawing further buy-side interest as a sentiment play on the back of the RBNZ shift in policy by keeping its powder dry earlier this month against all odds. The story of USD strength is one seemingly characterized by the improvement of its fundamentals, as well portrayed by the pick up we saw last Friday in both the US Market PMI and the U Michigan consumer confidence. Meanwhile, the renewed selling pressure in global yields, with ... (full story)