Stocks rallied yesterday until Powell’s “Anything is possible” reply to a question about whether a 100 bp rate hike was off the table. Such extraordinary guidance left the dollar ranging…
USD strengthened yesterday as T-Bonds traded lower. US equity indices rallied strongly after the New York open but then gave back all of the gains. An old market adage says…
Australian dollar has been in the centre of attention today as the speech from RBA’s Lowe was just as hawkish as expected. He again promised there’d be further rate hikes…