Here is what you need to know on Monday, December 19:
As the dust settled over the last week’s central banks’ policy announcements, risk sentiment remains in a weak spot at the start of a new week that will lead up to the Christmas holiday. Investors continue to assess the Fed’s hawkish outlook, which dents the appetite for riskier assets. In addition, China officially reported its first Covid death after the government relaxed restrictions nationwide, as virus outbreaks flares up. China’s covid concerns accentuate the souring market mood. Meanwhile, Chinese state media reported some goals for economic progress, laid out in China’s annual Central Economic Work Conference.
However, the US Dollar fails to capitalize on risk-off flows, in the face of the USD/JPY sell-off. The Japanese yen jumped on expectations that the Bank of Japan (BoJ) could potentially unwind its…
