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Future rate hikes likely ‘gradual’ – Fed’s Rosengren

FXStreet (Edinburgh) - Eric Rosengren, President of the Federal Reserve Bank of Boston, has argued that future rate hikes by the Fed should follow a gradual path.

In addition, he stressed that decisions made by the Federal Reserve are not determined by markets views. He also said that ECB current negative rates coupled with Fed tightening ‘complicates things’.

Franc remains overvalued – SNB’s Zurbruegg

Fritz Zurbruegg, Vice President of the SNB, has once again reiterated that the Swiss franc remains ‘considerably overvalued’ and the central bank could incur in FX intervention in order to curb CHF strength...
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WTI rallies above $31.00

Crude oil prices are recovering the smile today, trading on a better mood and extending the bounce off session lows in the $30.60 area per barrel...
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