Risk mitigation remains the
name of the game and safe haven currencies such as the JPY and now CHF and EUR
have been the benefactors.
The markets are all in countdown mode ahead of today’s Fed announcement (2:00pm Eastern) surrounding the anticipated 25bp hike in s/t interest rates.
The FX markets are again focused on the volatile/slightly recovering crude oil market ahead of tomorrow’s Fed announcement surrounding U.S. interest rates.
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