US airline stocks climb as crude oil prices drop over $3
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The USD/CHF extended its losses during the North American session, hitting a two-month low of 0.8127 earlier in the day as traders dumped the US Dollar in favor of other haven assets like the Swiss…
Scotiabank’s FX strategists note the Pound rising about 0.4% intraday against the US Dollar, with UK PMI revisions having little impact. Market focus shifts to the Bank of England decision, where a 25bp hike is largely priced and further tightening expected.