US announces sanctions on Iranian Banks
FED runs fourth consecutive REPO operation
Interesting last day of the trading week especially in the FX space led by consistent gains in the US Dollar after a busy week of Central Bank meetings. If the fundamental picture remains unchanged around the world - still dealing with the consequence of slow growth and inflation - this week FOMC meeting suggest that fighting the FED is not a good a idea after all. As much as I can read differently on the news, it looks like the "disappointment" after Wednesday didn't last for two long. Equities are very close to printing new all time highs and the US economy still looks like the only destination for risky money - i.e Equities. In fact. quality assets are not surely buying into risk-on euphoria, that is Gold stays above 1500, US 10y yields well below 2%, which is probably a reflection of the investors lack of confidence on global growth, especially in Europe and EM space.
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