Nervousness before the Fed meeting
The downward correction in Asian equity markets continues and the Nasdaq has had its worst day in more than two months. Bond yields are edging down (1.23%…
US equities had their best week since February last week. The dovish speeches of some Fed members and the deal about the infrastructure plan in the US fueled optimism. Yet, the Fed’s preferred measure of inflation reached its highest level since 1992 in May and the delta variant keeps on spreading in the UK. The USD rebounded after having weakened significantly on Friday: the EUR/USD exchange rate is trading around 1.1930 after a peak at 1.1975 on Friday.
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