If you happen to ever wanted proof that foreign currency trading is rarely nearly one factor, this was the week. Between a conflict within the Center East retaining oil markets on edge, six main central banks dropping coverage choices inside days of one another, and a triple-witching Friday throwing a wrench into the combination — the foreign money market had lots to digest from March 16 to twenty.
The throughline? Geopolitics and central financial institution tone have been in a relentless tug-of-war, and the currencies that got here out on prime have been those with the clearest coverage story to inform. Those caught within the center? Let’s simply say it was a protracted week.
Whether or not you are still studying what “hawkish maintain” means otherwise you’re beginning to piece collectively how oil costs hook up with the Canadian greenback, this recap breaks all of it down — session by session, foreign money by foreign money.
