Daily Market Review: Equities Recover Some Ground, RBA’s Lowe Sounds Hawkish
Channel: JFD Brokers
Date: 21/06/2022

Daily Market Review by Charalambos Pissouros

The US #dollar traded mixed against the other major currencies yesterday and today in Asia, with the yen weakening, and the Loonie gaining the most. The other risk-linked currencies, #Aussie and Kiwi, also gained somewhat, confirming the improving picture in the broader market sentiment. With no clear catalyst, it could be due to Friday’s options expiry and the lack of central bank decisions this week, but also due to reassuring remarks by ECB President #Lagarde. Today, we got the RBA’s minutes, as well as a speech by Governor Lowe, both of which added credence to the overly hawkish expectations around the RBA’s future course of action.

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