Blogs
USD/JPY is steady at multi-week highs near 148.00 ahead of US Retail Sales data
The US Dollar has reached fresh six-week highs at 148.00. The widening gap between US and Japanese bond yields, as the market pares back Fed cuts' hopes, is hurting the Yen.
Oil takes a hit with Russia not complying to OPEC+ production cuts
Oil prices are dropping nearly 1% again this Wednesday with Oil traders sending the black fuel cheaper. The move comes on recent numbers from Russia that reveal it is not complying with the production cuts it agreed upon in the last OPEC+
EUR/CHF set to correct back up to the 0.9500/0.9600 area – ING
EUR/CHF clawed back losses last week. Economists at ING analyze the pair’s outlook.