2014 H1 – Mid Year Recap: BOJ, ECB, FED

For the first half of 2014 the US unit strengthened marginally -vs- the EUR & CAD, but was appreciably weaker -vs- JPY, GBP, AUD & NZD. The greenback was strongest against the Canadian unit, appreciating by +0.45% while it was weakest -vs- Kiwi, falling by...

Bernanke’s Last FOMC; Turkish Rate Shocker

The transition from the US to the Asian session, normally a time to watch grass grow, was anything but dull as Turkey stunned the markets by hiking their rates by425bp. Traders had been expecting a hike in the 200bp range, so the magnitude of the move sent the Turkish...