The market sent mixed signals on Friday after strong US jobs growth but slowing inflation, we look at what it means. Last week, NZD and CHF led the way while the Japanese yen lagged. The week begins with Chinese trade data. Friday's post-NFP long in GBPJPY remains in progress in our latest Premium Insights.
The bond market is ground zero in the taper wars and the reaction on Friday was telling. Despite excellent jobs numbers, 10-year Treasury yields finished the day 2 basis points lower at 2.85% after touching as high as 2.93%.
Latest Hot-Chart - Nov 08
UK vs France Ratings Battle
The UK-France war of words over who's the more secure borrower has taken a turn to the worse for France after Standard & Poor's downgraded the 2nd largest Eurozone economy to AA from...