Aussie jumps, yen slumps as rates play dominates in February

Investors have had to grapple this month with geopolitical tensions, a pivotal U.S. Supreme Court ruling over Trump's tariffs and fickleness over the artificial intelligence trade, among other developments. But while the broader markets remained volatile, moves in the currencies for the month were driven primarily by shifting rate expectations. "The rates are reflecting the changing macro situation," said Sim ‌Moh Siong, a currency ⁠strategist at ⁠OCBC. "Last year was about which central banks will cut rat ...