By Chris Becker
By deferring this week’s IMF payment and bundling with the other neck crunchers due in June, Greece has riled risk markets overnight with stocks hit as hot money returned to bonds. The IMF provided a left hook to long USD holders with its comments that the Federal Reserve should hold off on interest rate rises to the first half of 2016, cutting growth forecasts as well for the worlds biggest economy.
The Bank of England held fire on its asset purchase program and kept rates steady while the weekly jobless claims print in the US hinted at a solid unemployment print later tonight.