Are there calmer shores ahead?
On Tuesday, major currency moves between the dollar the euro – as the ECB’s asset-buying program kicked in and a strong jobs report gave weight to questions about when the Fed will hike interest rates – pushed the euro down and the dollar up, and spurred equity sell-offs around the world. But today, European markets have turned around, with one European index hitting a seven year high – led by commodity stocks. Yesterday, the TSX/S&P Composite Index pared back (some) of the previous days three-digit losses, closing almost 100 points up on a turnaround in gold …read more
Source: Macleans
