Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
New Zealand shocked global markets on Wednesday morning after the Reserve Bank of New Zealand
In an expected move, the Reserve Bank of Australia kept its current monetary policy unchanged, with interest rates kept at 1.00% after two previous cuts in June and July
Continuing central bank meetings that began last week with the US Fed, Bank of Japan and the Bank of England, markets are preparing for a meeting of other banks this week
The US dollar recovered after the US jobs data, which came in somewhat good to support the Fed's view on the economic consolidation
Sterling fell to 1.2080 for the first time since January 2017 on the back of heavy pressure against the US dollar
The global markets are in a state of relative calm with anticipation and attention to the Fed meeting, which is expected to take the decision
This week, the global markets are looking at several important economic events that will affect the movements
The GBP fell on Friday as a result of comments by the EU president that it was inevitable that new British Prime Minister Boris Johnson would try a new exit from the EU.
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