Last week, safe haven currencies took a backseat while commodity currencies benefited from the risk on environment with the market focusing on the signing of the Phase One trade deal between the US and China. Elsewhere, oil extended its decline as tensions between the US and Iran eased. Looking ahead, we could be seeing a mixed market risk sentiment ahead.
Read more market views from the AxiTrader team: https://www.axitrader.com/uk/market-news-blog/.
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In January the Fed needed to put the Taper Genie back in the bottle; now they need to convince the short end crew to back off repricing the Fed Funds strip