Most EU and US indices closed in positive territory again yesterday, as investors kept cheering Fed officials’ willingness to lower interest rates. That said, risk appetite eased somewhat during the Asian trading as the discussions between US and Mexican officials ended without yielding any material progress. As for today, the spotlight will turn to the ECB monetary policy decision, with market participants eager to find out whether the Bank will push further back the timing of when it expects interest rates to start rising, and whether there was any discussion over additional policy tools.
EU and US Equities Continue to Gain, Asian Bourses Trade Mixed
The dollar rebounded yesterday and traded higher against all the other G10 currencies on Wednesday and during the Asian morning Thursday. The main losers were NOK, AUD and GBP, while the currencies against which the dollar gained the least were NZD and SEK and JPY.
Although not so clear by the G10 performance, the strengthening of the dollar, and the resistance of the yen suggest that risk appetite may have eased at some point. Most EU and US indices ended in...
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