The U.S. dollar rises after the FOMC chairman said more monetary tightening is on the horizon and that the majority of Fed officials support two additional hikes for the remainder of the year.

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As the Fed, ECB and BoE approach the end of the rate hiking cycle, an evidence-based approach remains the common theme as the risk of overtightening picks up

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It seems Japanese officials were hoping that hints at intervention may be enough to arrest the Yen’s slide. At this rate it looks as though intervention may be the only saving grace if a policy shift remains off limits.

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Short-date UK Gilt yields continue to support Sterling as BoE governor Andrew Bailey prepares to take the stage at the ECB Forum.

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Gold has broken below the longer-term ascending channel, pointing to continued selling despite short-lived geopolitical tensions providing a lift to the precious metal

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