<h3>USDJPY, H1</h3> <p>The Dollar and Yen have weakened against most other currencies as risk appetite came coursing back. The narrow trade-weighted <strong>USDIndex</strong> (DXY) dipped by over 0.3% in printing a five-day low at 99.60, correcting from yesterday’s eight-day high at 99.97. <strong>EURUSD<
Blogs
Stock markets continue to rally
<p>In stock markets, JPN225 (Nikkei) closed up by 2.55%, its highest since March 5. The Hang Seng and the Shanghai Composite index also rallied, the former by over 2% and the latter by about 1%.</p> <p>USA500 futures were showing a 1.8% gain, as of the early London AM session, pointing to a solid opening on […]
Goodbye Stephen Poloz
<h1>Highlights from Poloz’s last speech, BoC:</h1> <ul> <li>The BoC policy framework provides flexibility on the time needed to return to the inflation target.</li> <li>“Choosing a policy course can entail degree of flexibility, allowing inflation to return to target more slowly or quickly than on ave