Aug
11
Central Banks’ Waning Appetite Seen in Currencies, JPMorgan Says
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Kiwi surges to highest since May 2015, even after rate cut
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Markets trade on ‘end-of-cycle phenomenon,’ Normand says
Foreign-exchange traders are becoming convinced that monetary stimulus programs around the world have reached their limits in efforts to spark economic growth, according to JPMorgan Chase & Co.
The kiwi surged to its highest level since May 2015 after the Reserve Bank of New Zealand reduced borrowing costs Wednesday. The yen has strengthened against U.S. dollar since the Bank of Japan’s July 29 decision to expand monetary easing…
Central Banks’ Waning Appetite Seen in Currencies, JPMorgan Says
