The Greenback is likely to remain volatile because of the various monetary policy positions and other dynamics in financial markets.
Stocks Initial down Yellen Although she stated that the government wasn’t considering blanket deposit insurance, her comment that the government was willing to take additional steps provided some peace keeping Wall street green at the end, with gains of 1.01% On the US100. Asia markets were mixed while European stocks were slightly higher on open. Overnight, the BoE and SNB raised rates as anticipated. – The SNB delivered a 50 bp hike, Norges Bank and BoE hiked by 25 bp. A bit of weight was also added by the rebound in risk appetite, strength in jobless claims and renewal in corporate issuance.
- FX – USDIndex slightly weaker at 102.30. EUR To be spiked 1.0830, JPY This has extended to 130.00 STerling Found a floor 1.2250.
In JapanWe saw core inflation reach 3.1% in February. This is the first time that inflation has slowed in 14 months.
- Stocks – The US30 US500 Are up 0.23% 0.3%, respectively. Block & Coinbase Tumbled more than 14% and #FRC #PACW Both lost -6%, and -8.55%. Nikkei Close was down by 0.13%
- Payments Group Block said…