By David Becker The yen moved lower against the greenback, as a yield differentials continue to make the dollar a more attractive assets. The retraction from safe haven assets which include oil and the Yen, allowed fundamentals to gain some control.At nearly 50 basis points, the US-Japan 2-year interest rate spread is above its 100-day [...]
Tag Archives: forex
Swiss Franc Bounces on SNB Hawkish Comments
By David Becker The Swiss Franc has enjoyed a nice run and has benefitted from being a safe haven currency similar to the Yen, but low interest rates in Switzerland and a negative interest rate differential to both the Euro-zone and the UK, are likely to generate a negative return to the Franc when unrest [...]
U.S. Non-Farm Data Beats Analysts’ Expectations
By Barbara Zigah The U.S. Department of Labor today released the non-farms payroll data for February, which showed that the key labor sector added 192,000 new jobs to the payrolls January’s upwardly revised number of 63,000 new jobs. Unlike the last two months, this was an improvement over a consensus of economists’ forecast of 183,000 [...]
