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The AXJs reacted negatively to the comments by US Fed
Chair Yellen and Vice-Chair Fischer in the past week that reignited
expectations of a rate hike in 2016. USD/AXJs bounced higher as market
unwound their short positions in anticipation of a near-term US rate
adjustment. The worst performers since Jackson Hole were the KRW, MYR,
IDR and TWD, which fell 1.0%, 0.7%, 0.42% and 0.2% respectively against
the dollar from their Fri close ...
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