The Greenback is likely to remain volatile because of the dynamic in financial markets and the different monetary policy stances.
Stocks Initial down Yellen Although she stated that the government wasn’t considering blanket deposit insurance, her comment that the government was willing to take additional steps provided some peace keeping Wall street green at the end, with gains of 1.01% On the US100. Asia markets were mixed. European stocks are slightly lower on open. Overnight, the BoE and SNB raised rates as anticipated. – The SNB delivered a 50 bp hike, Norges Bank and BoE hiked by 25 bp. The rebound in risk appetite and the strength of jobless claims have all contributed to some weight.
- FX – USDIndex slightly weaker at 102.30. EUR To be spiked 1.0830, JPY This has extended to 130.00 And STerling Found a floor 1.2250.
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In JapanCore inflation was 3.1% in February. It marked the first slowdown in inflation in 14-months.
- Stocks – The US30 And US500 These are up 0.23% And 0.3%, respectively. Block & Coinbase Tumbled above 14%FRC #PACW Both lost -6%, and -8.55%. Nikkei Closed at 0.13%
- Payments Group Block said…
