The Italian-German 10-year bond yield spread, also known as Italy's risk premium, rose by seven basis points to 1.34 basis points, according to a data. Meanwhile, Spain's risk premium increased by over four basis points, and France's rose by 1.5 basis points. The risk premiums increased as investors rotated money into the safe-haven German bonds [...]
Having initially played hard on the US Democrats’ easy money demands, which likely weigh his chances of winning in the upcoming presidential elections, Trump tries to convince the market that he is not the reason for the delay in the much-awaited stimulus package. In his latest comments, US President said he wants the biggest stimulus [...]
Fundamental view: The Australian dollar has broken down significantly during the week, to reach through the 0.70 handle. The commodity-linked currency declined, however, after the Reserve Bank of Australia’s Governor Philip Lowe hinted an upcoming rate cut. Speaking at the Citi Group annual investment conference on Thursday, Lowe said further monetary easing would support jobs growth and alleviate currency pressures, [...]
Fundamental view: The US dollar has initially fallen during most of the week to reach down towards the ¥105 level again. This is an area that has been supportive in the past, and now that it has been recaptured that it is going to see a lot of choppiness. This is due to the fact that there [...]
