FX News

FX News:

  • Equity markets bounce back over 2% on the day taking risk currencies along for the rise
  • Markets had previously priced in a 50-point hike today by the RBA, but this has changed to a 50/50-, 50- or 25-point hike
  • Markets have turned from the view of speculating on a global recession to pricing one in 
  • Fed’s Williams sees inflation cooling but underlying pressures remain – global supply chain woes easing   
  • Japanese media are reporting North Korea have launched a missile and people in Hokkaido should seek shelter, Japan’s second largest Island
  • Ukrainian troops take back four provinces in Ukraine after advancing several kilometres
  • The British Pound (GBP) was the strongest currency last week while the US Dollar (USD) is the worst performing
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