- The zloty weakened after the central bank governor criticised a regulator’s proposal to allow holders of Swiss franc-denominated mortgages convert their debt into local currency at historical exchange rates, arguing that it would be ‘fatal’ for lenders.
- Asian currencies are rallying on expectations that the US Federal Reserve may delay the interest rate increase as payroll data from the US shows concerns about the growth of the economy.
- Australia surprised the markets by holding their interest rate at 2.25%. Given some disappointing economic data there was an expectation that the rate would be cut. Perhaps next time!
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