The dollar lost ground in N.Y. trade on Friday (ex USD-CAD), as risk-off was the keyword of the session. Equity markets threw a mini-tantrum ahead of next week's FOMC meeting, which weighed down Wall Street to the tune of nearly 1.5% losses. Treasury yields fell as well. The weaker greenback was perhaps the result of volatility, and concerns that a rate hike next week will kill emerging markets. As a result, there has been some talk the Fed may execute its tightening plans more slowly than is consensus, to the detriment of the USD.
from RSS Feed http://ift.tt/1J0v0UJ
via IFTTT
No comments:
Post a Comment