03/10/2024
Written by: Ian Morley
Summary:
The week began with minimal volatility, notably affecting commodity currencies the most. Movements around the USD were relatively muted following Joe Biden’s decision to withdraw from the presidential race.
Speeches:
Market Insight:
Today is likely to mirror yesterday, with a sparse calendar providing little impetus to move markets, leading to expectations of trading within narrow ranges. Notably, the JPY has seen gains due to speculation that next week’s Bank of Japan meeting might adopt a hawkish stance.