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Forex Fridays: How Crucial Is Monetary Policy for the FX Markets?
Though the Reserve Bank of New Zealand hiked policy rates and hinted at tighter policy in the future, the NZD still softened somewhat last week. The same could be said for the Korean Won, despite the growing belief that the Bank of Korea might hike rates next week. Henry Quek, APAC Head of Foreign Exchange Sales, Trading, and Research at State Street Global Markets, joined us on Forex Fridays to look at the waning relation between monetary policy, rates and currencies, as well as preview the MAS' upcoming policy statement.See omnystudio.com/listener for privacy information.
The skinny
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