The hopes that war in Ukraine might be entering in to a new de-escalating phase favors the Euro. Rising bets over an interest rate hike by the ECB underpins the Euro bulls. ECB's Lagarde says Cost of living in Europe will Spiral as Ukraine war drags on. The Euro edged higher against the US [...]
Reports of progress in Russia - Ukraine favors risk-on market mood, weighing on the USD, thus slightly boosting the CAD. An uptick in oil prices underpinned the loonie bulls. Market expect aggressive rate hike in 2022 from Fed and BoC. USD/CAD is trading downside amid reports of progress in peace talks between Russia and [...]
The Bank of Japan (BOJ) on Tuesday told the market it would make unlimited amounts of purchases of 10-year JGBs at 0.25%. Japan's Policymakers stressed the need to keep monetary policy easy despite of rising prices. Japan Prime Minister orders cabinet to compile relief package to combat rising prices. US dollar is trading low [...]
Yellow metal drops amid firmer USD and hopes of progress in peace talks between Russia- Ukraine. Risk averse sentiment amid tensions between the West and Russia and indecision over the Moscow-Kyiw talks favors the greenback. Higher yields and interest rates increase the opportunity cost of holding non-yielding bullion. Gold drops against the US dollar [...]
