"With USDJPY a litmus test for market sentiment towards risky climates, depreciation in the yen signalled along with gains in US equities signalled a risk-on environment and gave the dollar another bout of strength" – the G10 broadly lost out to USD ydayhttps://t.co/iNaeTFc3ae
— Monex Europe (@monexeurope) August 15, 2018
This morning saw the release of UK labour market data. Unemployment fell to levels not seen since 1975, but with wage growth slumping, sterling's reaction was muted. Tomorrow's CPI release may prove more exciting, if the dust settles with TRY.
— Monex Europe (@monexeurope) August 14, 2018
Yesterday was a busy day for FX. EM currencies performed poorly yet again, as the RUB took another dive amidst looming US sanctions. The dollar looked to pare Tuesday's losses but eventually caved to EUR and JPY strength. GBPEUR broke its range. https://t.co/Q1fNzM3sq6
— Monex Europe (@monexeurope) August 9, 2018
Ranko BerichRanko Berich is Head of Market Analysis at Monex Europe. He is a respected macroeconomic commentator, combining incisive market insight with a deep understanding of global economic and political events.
Ranko leads our team of analysts, providing commentary and insight on the markets as news breaks.