Snapshot of Global markets: USD retained its firmer tone - ANZ
|Analysts at ANZ explained that the USD retained its firmer tone in front of the FOMC minutes and relatively benign comments from various Fed officials.
Key Quotes:
"The equity market took solace from Fed comments and upward momentum in the February US Markit PMI (supportive earnings backdrop) – major US indices rose 0.5-0.9%. It was a more mixed performance in Europe due to the slip in February PMIs.
The DAX fell 0.1% and the CAC 40 was up 0.2% and the FTSE rose 0.5% (on a reasonable employment report).
Fixed income was relatively unchanged with yields up 1bp across the curve in the US, but there was flattening pressure in Europe.
Commodity prices were mixed, with oil down (-0.4%), gold was unchanged, but grain prices moving higher."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.