The beginning of the week in Asia marked a promising and positive start for risk-related activities. The statements made by Fed Chair Jerome Powell du
were of considerable significance. His assurance that the Federal Reserve would exercise caution and prudence in its deliberations regarding potential interest rate hikes managed to alleviate the apprehensions of investors. Previously, there had been concerns about his hawkish stance on inflation and the potential necessity to maintain higher interest rates for an extended period.
, injecting them with renewed momentum. This move echoed a similar instance from the past when a reduction in stamp duty back in 2008 contributed to a substantial stock market rally.were portraying an encouraging picture. S&P 500 futures and most Asian markets were experiencing upward movements, often referred to as "trading in the green.
This evolving scenario has exacerbated the erosion of the EUR's previously held advantage in terms of interest rate differentials. Consequently, the headwinds facing the EUR have intensified on a global scale. However, it's worth noting that despite these challenges, there is a belief that a significant portion of the negative factors impacting the EUR's value have already been factored into its current price.
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