The foreign exchange market has returned to rate watching as a primary source for currency direction. It's either a central bank rate announcement (Canada, Brazil, and Thailand) or the shape of a particular domestic yield curve that has interest rates greatly influencing the demand or supply of a particular currency. The greenback's strength has been one of this week's main themes. It's not so much a move to high yields in U.S. Treasurys (heads-up Bank of Japan) that is stoking the mighty dollar...
The foreign exchange market has returned to rate watching as a primary source for currency direction. It's either a central bank rate announcement (Canada, Brazil, and Thailand) or the shape of a particular domestic yield curve that has interest rates greatly influencing the demand or supply of a particular currency. The greenback's strength has been one of this week's main themes. It's not so much a move to high yields in U.S. Treasurys (heads-up Bank of Japan) that is stoking the mighty dollar...
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