A wave of risk aversion swept across financial markets on Wedn | FXTM Forex Market News

A wave of risk aversion swept across financial markets on Wednesday as mounting concerns over rising interest rates and recession fears whacked global sentiment.

Stock markets flashed red and commodities tumbled amid the risk-of mood, while the Japanese Yen hit a fresh 24-year low against the mighty dollar. In the FX space, commodity currencies got no love, the dollar flexed its muscles while the pound rebounded on rising BoE rate hike expectations. The second half of the week could be volatile for markets due to Fed Chair Read More (https://www.forextime.com/market-analysis/mid-week-technical-outlook-commodity-currencies-majors-focus)