Expectations of ongoing rate hikes in the world’s largest oil producing country and similar remarks over the weekend by the European Central Bank President have cast a shadow over global growth, setting oil up for a weekly fall after two straight weeks of gains.
Yen edges up as traders push back Fed rate hike bets
The yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to adjust their forecasts, pushing back the