Energy Markets
MORNING BID EUROPE-Global rate cuts put dollar in motorist's seat
A take a look at the day ahead in European and international markets from Stella Qiu The rash of rate cuts over the past few days, with outsized 50 bp relocations in Switzerland and Canada and a 25 bp alleviating by the European Central Bank, has assisted to turbocharge the U.S. dollar, which leapt 1% on the euro, 1.6% on the Swiss franc and 1.8% on the Japanese yen. The dollar also drew energy from greater Treasury yields as investors scaled back expectations for aggressive U.S. policy reducing next year. Markets are still positive of a cut by the Federal...