Forexlive European FX news wrap 22 Feb || Hawkward… | Forexlive
U.S. stock index futures stabilized after Wall Street posted its worst performance of the year a day earlier, with investors treading cautiously ahead of the minutes from the Federal Reserve’s rate-setting meeting last month, sending oil prices down.
Fed’s Bullard perhaps not-so-Hawky?
via Newsquawk
European bourses are softer across the board as hawkish price action remains in full swing, US futures contained pre-Minutes.
DXY remains underpinned by haven dynamics to modest detriment of peers ex-NZD after a 50bp RBNZ hike and guidance for further tightening.
Core fixed has bounced following well-received EZ/UK supply, in a rebound from marked initial pressure with Bunds printing a fresh YTD trough.
Commodities are underpressure by the above risk tone/hawkish dynamics with specific drivers limited though geopols remain in focus.