Post date: 29/11/2021 13:17 The typically placid Thanksgiving holiday in the US was rudely interrupted by a financial market sell-off, as traders reacted to the new, mutation-rich Omicron variant of the COVID virus discovered in South Africa. In currencies, the scare took the traditional form of a flight into safe-havens like the Japanese yen and…
Post date: 15/11/2021 10:40 The market response to the blowout inflation report out of the US was unusual. This time, the dollar had no trouble rallying against its G10 peers. However, the true stars of the week were emerging market currencies in Asia and Latin America, led by the Brazilian real. A possible explanation for…
Post date: 08/11/2021 10:46 G10 currencies continue to move in sync with the relative hawkishness of their respective central banks – though “hawkish” is measured relative to an extremely dovish consensus, in which monetary policies in developed countries remain extraordinarily loose in general. Sterling tanked on the surprise decision by the Bank of England not…
