Market Update – February 9 – FedSpeak supports USD, but the Bard bombs
FEDSpeak – in virtual union about higher rates (along with Dimon “too early to declare victory vs. inflation”) – Fed Funds terminal rate now 5.122%. USDindex holds at 1-mth highs in flat FX markets, US10yr yield 3.653. Google’s AI the “Bard” bombed (got a wrong answer in a promo demo) – #Alphabet shares tanked -9% […]
Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]