s North Korea policy may get tougher following President Donald Trump's sacking of dovish
Secretary of State Rex Tillerson and replacing him with the hawkish CIA Director Mike Pompeo.
While trade war jitters have rattled investor confidence the European Central Bank's (ECB) dovish
stand has lent some support to risk appetite.
This is consistent with his earlier remarks and dovish
THE FTSE 100 lagged behind its continental peers after a dovish
statement by the European Central Bank weighed on the euro and bolstered eurozone stocks.
Monday's weakness was attributed to local developments, particularly the seeming dovish
tone of the Bangko Sentral ng Pilipinas (BSP).
ING Bank economist Joey Cuyegkeng said the Bangko Sentral ng Pilipinas (BSP) continued to show its "greater tolerance" for a weaker peso and the recent move - though expected - to cut its reserve requirement ratio (RRR) for banks by one percentage point to 19 percent is further evidence of the BSP's dovish
Yet the UK central bank was dovish
about the path of future interest rate hikes, the reason sterling slipped against the US dollar and the euro.
25% as dovish
members of the Monetary Policy Committee (MPC) continue to outnumber those calling for a hike, rise "It looks a nailed-on certainty that the Bank of England will keep interest rates at 0.
The FOMC (Federal Open Market Committee) statement didn't break unexpected ground, but by not being hawkish, the statement validated the recent dovish
shift in expectations of a flatter hiking trajectory.
comments by Bank of England deputy governor Ben Broadbent helped bolster the FTSE 100 last night, as the lower likelihood of an interest rate hike tempered gains by the pound.
But Patel's free-wheeling conversation, laced with humour and his personal views on certain matters, has sent across a dovish
signal to those who were invited.
However, the overtly dovish
tone struck by Fed Chair Yellen is her post-meeting press conference caused considerable volatility in currency markets.