Last week saw market participants digest a wave of central bank commentary as several FED members delivered speeches providing their own views on monetary policy, inflation, and tapering. The US Dollar was lifted higher by the rally in treasury yields which saw USD/JPY briefly test the 112.00 level. EUR/USD slumped below 1.1600 before paring the losses towards the end of the week as financiers and investors looked towards a new month and quarter. Equities ended the month of September in the red with the SPX and Dow Jones snapping a 7-month win streak.
Read more