EU, UK and US Leaders Roiled FX Market Moves
Posted: Tue Oct 04, 2016 7:04 pm
With fears emanating from the harsh Brexit fallout and talks concerning the ECB’s gradual tapering to its 80 billion euros ($90 billion) a month bond-buying, coupled with continued flow of hawkish statements from some Fed leaders, global financial markets witnessed heavy volatility on Tuesday.
The FM London Summit is almost here. Register today!
The US Dollar Index (I.USDX) was a clear winner for a fourth consecutive day while gold, GBP and JPY were badly hit on grave concerns on the domestic front and increasing expectations of a Fed rate-hike.
The GBP plunged below its June lows as the UK ... (read more)