After another tumultuous week market sentiment improves on Friday and that is felt especially across emerging markets where currencies were under selling pressure. CHFPLN dives by 0.9% and EURPLN by 0.8% as the Polish zloty leads gains across the EM space with ZAR and TRY also advancing. Improved sentiment serves oil prices too as OIL gains 1.5% today.
Daily Summary: Gold and Indices lower, Dollar bounces back💲
Dollar at its strongest in two months 💲📈 Lack of U.S. data is suppressing the bearish trend
Fed's Williams stands for further rate cuts 🗽EURUSD drops near 1.16
Daily Summary: Growth on most markets, Precious metals at ATH again