Equity markets were hit again yesterday, with the S&P 500 and Dow Jones erasing their yearly gains as they closed below their 2018 opening levels. CAD gained as the BoC delivered a hawkish hike, while SEK was the main loser after the Riksbank kept the February-hike option on the table. As for today, the central bank torch will be passed to the ECB and the Norges Bank.
Equity Markets Slump Again, BoC Delivers a 'Hawkish Hike'
The dollar traded higher against most of the other G10 currencies on Wednesday. It lost ground only against JPY and CAD, while it traded virtually unchanged versus CHF. The greenback gained the most against SEK, GBP and NOK in that order.
Risk appetite deteriorated against yesterday, with the safe havens gaining traction and major equity indices tumbling further. The exception was UK’s FTSE 100, which closed 0.11% up. S&P, Dow and Nasdaq ended the...
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