Thursday, 30 April 2020

Japanese Yen May Rise as CLO Market Faces Credit Downgrades

The Japanese Yen may rise if a tidal wave of credit downgrades in the virus-shaken collateralized loan obligation (CLO) and leveraged loan market put a premium on anti-risk assets.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...