Market Comment | Bets on tighter US monetary policy and French politics drove the markets

Summary

USD appreciated and US sovereign bond yields rose, after expectations of a tightening Fed’s monetary policy path were rekindled (see) by comments from Patrick Harker and Loretta Mester, both supporting the potential for US interest rates to rise next month. Gold prices suffered from the prospect of higher US interest rates, as did EM currencies. […]

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