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Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut

Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut
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Emerging Currencies Erase Gains as Traders Adjust Fed Wagers

Emerging Currencies Erase Gains as Traders Adjust Fed Wagers
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Colombia and Brazil Lead Emerging Market Currencies on Fed Bets

Colombia and Brazil Lead Emerging Market Currencies on Fed Bets
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Rate-hike risk creeps up on emerging markets

Global investors are unwinding bets on local-currency bonds as some emerging-market central banks come under pressure to raise interest rates – rather than cut them as widely anticipated just weeks ago.

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Yen s wild swings are just a taste of what s to come

The plunge to 160 per dollar immediately filled news reports and social media across Japan. “We cant let our guard down,” Iguchi called repeatedly as trading ensued. Other so-called red-line levels — 155 and 158 — had fallen with no pushback. Some were starting to ask if the authorities would ever act.

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