After the Fed, the Bank of England?
Unsurprisingly, the Fed announced yesterday the start of the reduction of its asset purchases. We already commented on this decision last night (here). Since then, it…
Strong economic indicators pushed US bond yields and the USD higher yesterday. The US job report released today could reinforce these trends if it shows a sharp rebound in job creation in May or revises April data upwards, as it is likely. The EUR/USD exchange rate plunged by nearly 1 USD, just above 1.21.
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