After the US Federal Reserve raised interest rates by a quarter of a percentage point and the European Central Bank followed suit, it was the Bank of Japan’s turn to announce its policy decisions this morning. While leaving its monetary policy unchanged, it signalled a loosening of its yield curve control, and this has caused volatility in the markets. Meanwhile, economic and labour market data from the US continues to signal strength, leading some to question whether the Fed will raise rates again. Tim Gagie, Head of FX & PM Solutions Geneva, also joins today’s show and he reports on the latest developments in FX markets with a focus on the currency calls from our Market Outlook campaign.
00:14 Introduction by Helen Freer (Investment Writing)
00:49 Markets wrap-up by Lucija Caculovic (Investment Writing)
07:35 Mid-Year Market Outlook - FX market update by Tim Gagie (Head of FX & PM Solutions Geneva)
14:34 Closing remarks by Helen Freer (Investment Writing)
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