Yen and Aussie Down after Volatile Week, Risk-On Sentiment to Continue
The markets experienced surprisingly high volatility in the last week of April, with central bank expectations as the primary driver. Japanese Yen emerged as the worst performer following BoJ's dovish stance, leading bond traders to abandon hopes for any changes to yield curve control. Australian Dollar was the second-worst performer, as economists now lean towards another RBA hold at the next meeting. Swiss Franc and Canadian Dollar also closed lower. On the other hand, British Pound was the strongest performer, followed by the New Zealand Dollar. US Dollar and Euro were mixed, leaning m...
Source: actionforex.com