Lots of central bank actions as they go wild with the political signal. The action circulates exchange rates.
- The Federal Reserve raised rates by 75 basis points yesterday
- Bank of Japan keeps rates unchanged but intervenes in currency markets
- Swiss National Bank raises rates by 75 basis points and threatens to intervene in the foreign exchange market
- Bank of England raises rates by 50 basis points, with some dissenters seeking a higher 75 basis point hike
What are these movements due to the major currency pairs. In this video, Greg Michalowski takes a look at GBPUSD, EURUSD, USDJPY and EURCHF.