- May 26, 2022
- Posted by: Stratford Team
- Category: Economy
The and Wall Street gained yesterday, after the of the latest FOMC decision revealed that policymakers remained optimistic with regards to the performance of the US economy. However, Asian markets pulled back today, perhaps as investors translated this as leaving the door open for double hikes in June and July, and maybe more aggressive tightening thereafter if inflation does not slow.
Dollar Gains After the Minutes Reveal Officials Were Confident On The Economy
The US dollar traded higher against all but two of the other major currencies on Wednesday and during the Asian session Thursday. It underperformed only against , while it was found virtually unchanged against and .
USD performance major currencies
The strengthening of the US dollar and the , combined with the weakening of the risk-linked Aussie and Kiwi suggests that market sentiment deteriorated at some point yesterday or today in Asia. However, turning our gaze to the equity world, we see…
