 The global financial markets is riding a wave of strong risk-on sentiment, propelling DOW and S&P 500 to historical highs overnight, while NASDAQ achieved its best daily gain in over a year. That followed the record closes in DAX, CAC and Nikkei yesterday. This enthusiasm for risk has led to the yen, dollar, and Swiss Franc emerging as the week's underperformers, given their safe-haven status which tends to be less attractive during bullish market phases. In the currency realm, Australian and New Zealand Dollars stand out as the strongest currencies, buoyed by the prevailing risk-on market sentiment. Meanwhile, Canadian dollar faces challenges following weaker-than-expected CPI data earlier in the week. Euro and Sterling find themselves positioned in the middle, with Sterling holding a slight advantage... |
