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Forex Fridays: Of Fed Rate Hikes, Swinging Oil Prices, and a Waning Safe Haven
While the Federal Reserve made its rate hike in more than 3 years, oil prices continued to swing as Russia's invasion of Ukraine continues to spook sentiment. And while news of Saudi Arabia opting to sell oil to China for Yuan instead of dollars boosted the Renminbi, the Japanese Yen seemed to have lost its luster as a safe haven in recent times. Jeff Ng, Senior Currency Analyst at MUFG, joined us on Forex Fridays to discuss.See omnystudio.com/listener for privacy information.
The skinny
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