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Asset Summary – Thursday, 19 March
Asset Summary – Thursday, 19 March US DOLLAR is expected to remain supported as the Federal Reserve signals a cautious approach to interest rate cuts, prioritizing the fight against inflation. Despite acknowledging potential economic uncertainty stemming from geopolitical tensions, the central bank’s commitment to maintaining current rates until inflation subsides is bolstering the dollar’s appeal.…
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Pound Surges on Hawkish BoE Stance – Thursday, 19 March
The British pound experienced upward momentum, surpassing $1.33 following the Bank of England’s decision to maintain interest rates. The central bank’s unexpectedly hawkish stance, influenced by concerns about rising energy and commodity prices due to the Middle East conflict, has led markets to fully price in two rate hikes this year. Despite a slowing wage…
