Each day we produce a market commentary outlining critical economic and company developments. We leverage off our global network of analysts and investment professionals to provide clients with critical insights from our local teams first thing in the morning.
17/08/2017 – Market view : Dovish Fed leads to US Dollar weakness
Overnight, Asian Tech stocks post strong gains primarily due to excellent results from the Chinese internet giant, Tencent Holding. The US Dollar sold off after a dovish update from the Federal Reserve’s last policy meeting, which saw 10 year US Treasury yield reverse back to 2.22%. Key market focus today is Eurozone CPI, French unemployment, and UK retail sales data.
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