Thanks to falling bond yields and expectations of further rate hikes, the U.S. dollar was a big loser and risk-on sentiment was turned back on. This lead to big wins in both the Aussie and Kiwi, followed by the pound that saw some hawkish rhetoric from the Bank of England this week.

This Article Is For Premium Members Only

Become a Premium member for full website access, plus get:

  • Ad-free experience
  • Daily actionable short-term strategies
  • High-impact economic event trading guides
  • Access to exclusive MarketMilk™ sections
  • Plus More!

This post first appeared on babypips.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Daily Broad Market Recap – April 2, 2024

Intermarket price action was as mixed as a bag of nuts in…

Rupee pares initial gains, settles 27 paise higher at 74.89 against US dollar

Mumbai: The rupee pared its initial gains to settle 27 paise higher…

Rupee almost flat against US dollar in early trade

The rupee started the session on a flat note against the US…

Event Preview: U.S. NFP Report (December 2021)

Are y’all ready for NFP Friday? Better read up on what happened…