Market Briefing: Risk appetites – and the dollar – jump into a new year
Happy new year, and may all our market troubles last as long as our resolutions. Investors are in a relatively ebullient mood to kick off 2023, with most major equity indices pointing to a stronger open, while bond yields on both sides of the Atlantic slip. The Canadian dollar and Japanese yen are eking out small gains, but the greenback is almost a full percentage point higher on a year-to-date basis as traders trim excessive bets on the euro. The Japanese yen is slightly weaker after pushing through the 130 mark against the dollar in yesterday’s thin trading conditions. Investors...