OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: G7 said monetary policy should use domestic instruments – Nomura

Nomura Stategist Yujiro Goto notes that the G7 finance ministers and central bank governors released a statement about the foreign exchange market ahead of the G20 meeting this week.

He comments that G7 nations agreed that fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments, and will not target exchange rates. He adds that this idea is what Japanese policy makers have been reiterating recently to deflect potential criticism on recent JPY weakness from foreign counterparts.

Forex Flash: Credit, CAD, and AUD are all showing signs of valuation fatigue – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that data wise, there is little on offer this afternoon.
Read more Previous

US: Redbook Index rose 1.1% MoM

The Redbook index rose 1.1% on a monthly basis, and 2.4% YoY in the week ended on February 3, against previous prints at -0.6% and +1.5%, respectively...
Read more Next
Start livechat