Week Ahead: Fed to Cut but RBA, SNB, and Bank of Canada Set to Hold, and Market Thinks They are Done | Metals Mine

  • Week Ahead: Fed to Cut but RBA, SNB, and Bank of Canada Set to Hold, and Market Thinks They are Done

    From marctomarket.com

    The US dollar traded heavily last week, losing ground to all the G10 currencies, but the Swiss franc. The franc seemed to be dragged down by the use of it rather than the yen as a funding currency. Japanese officials protested the pace of the yen's weakness, while Swiss authorities seem to welcome the franc's pullback, not only against the dollar but the euro, too. Elsewhere, the Mexican peso and Chinese yuan rose to new highs for the year last week. The key event next week is the Federal Reserve meeting. There are three other G10 central banks that meet, but the others, the Reserve Bank Australia, the Swiss National ... (full story)

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