Dollar Extended Gain Against Dollar on Diverging Monetary Policy Paths The impact from Paris terror attacks to the global financial markets was rather short lived. Stocks staged strong rebound after initial dip last week. Meanwhile, policy divergence was back to be the main theme in the currency markets. Dollar managed to record broad based weekly gain, except versus Aussie, as FOMC minutes added to the case for December Fed rate hike. Meanwhile, Euro and Swiss Franc were the weakest and ECB officials' rhetorics affirmed the case for additional stimulus in December ECB meeting. RBA minutes provided little news to the market but that was enough to support Aussie' rebound. BoJ left policies unchanged as widely expected and triggered little reaction. The upcoming week is rather busy even though US will be on bank holiday on Thursday. But traders will likely look beyond this week's event and instead, await for the key central bank meetings next month. Full Report Here... |
|
No comments:
Post a Comment