Market Overview
The volatile week that was, wrapped up with US Stock prices closing at near or at record highs combined with mixed headlines around global vaccination program implementation. The US Dollar Index traded above 92.00 the first time since November 2020 before falling back. The major play of the week was US 10 year Bond Yields closing 0.10% higher at 1.629% becoming the motivation for the greenback to push higher. Concerns around loose Fed monetary policy continue to cause too much excitement among equity markets and if the Federal Reserve signals a more hawkish policy stance this could cause the US Dollar to travel higher. This week’s Fed announcement is Thursday the 18th when all will be revealed. Read more