Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- There was a cautious tone to investor sentiment throughout last week …
- Middle East war, volatility on bond market and in market rate expectations impacted sentiment …
- On the currency front, the main pairs were tightly range bound for most of last week …
- However, they yen appreciated markedly indicating there may have been further intervention in the market …
- USD/JPY is operating back below the ¥156 threshold …
- EUR/USD starts this week above $1.16, while EUR/GBP is in the top half of 85-86p …
- This week, the ECB is widely expected to hike rates by 25bps …
- US CPI inflation & the war in the Middle East will also warrant attention …
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