From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

Fed hike, Bank of Japan, interest rates, currencies

Japanese Yen Strengthens Amid Reports Of Official Announcement Of FX Intervention The Japanese yen rose more than 2% against the dollar on reports from officials announcing immediate intervention to defend the currency. That comes after the yen weakened to 145 levels against the greenback, following the Bank of Japan’s decision to keep interest rates stable. … Read more