Markets experienced volatility on Thursday due to the mixed responses to Wednesday's Federal Open Market Committee (FOMC) decision and various G10 monetary policy moves. Overall market sentiment remained soft as equities gave back some of their recent gains, while demand for safer assets, like Treasuries, increased. The heightened uncertainty surrounding the economic landscape and potential political impacts kept investors cautious, leading to a preference for selling the dollar. Additionally, central banks in Switzerland and Sweden indicated an end to easing cycles, while the Bank of England maintained a steady rate, underscoring market stability amidst tension.
The markets saw volatility as participants reacted to Wednesday's FOMC decision and other G10 policies, leading to a cautious approach toward riskier assets.
Ludicrously high uncertainty over the economic outlook drives market sentiment and keeps investors wary of holding onto riskier investments for extended periods.
With US exceptionalism now seen as defunct, there’s a strategic move to sell the dollar, targeting EUR at 1.10 and GBP at 1.30.
Both the Swiss National Bank and Riksbank concluded their easing cycles, while the Bank of England maintained rates, reflecting a cautious and stable approach amidst market uncertainty.
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