March 20, 2024 11:28 am
The NZD/USD currency pair hovered just above a fresh 17-week low of 0.6024 on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting in March. Federal […]
Read moreMarch 20, 2024 9:59 am
The GBP/USD currency pair hovered just above recent two-week low of 1.2667 on Wednesday, as market players awaited the outcome of the Federal Reserve and the Bank of England policy meetings. Traders were also mulling the latest inflation figures that were reported by the United Kingdom. Earlier today, the ONS data showed UK’s annual inflation […]
Read moreMarch 20, 2024 8:10 am
The GBP/JPY currency pair extended the gains from the past six trading days on Wednesday, while scaling an 8 1/2-year peak of 192.854, as investors bet Japan would keep its accommodative monetary settings even after the BoJ’s decision to move away from negative interest rates. Yesterday the GBP/JPY pair surged more than 1% after the […]
Read moreMarch 19, 2024 11:07 am
The CAD/JPY currency pair registered a fresh three-week high on Tuesday, after the Bank of Japan put an end to an eight-year period of negative interest rates and ahead of Canada’s CPI report. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market expectations. It has […]
Read moreMarch 19, 2024 9:20 am
The AUD/JPY currency pair registered modest gains on Tuesday in the wake of central bank policy decisions in Japan and Australia. The Bank of Japan put an end to an eight-year period of negative interest rates. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market […]
Read moreMarch 19, 2024 8:00 am
The AUD/CAD currency pair registered a fresh two-week low on Tuesday, after the Reserve Bank of Australia kept its cash rate unchanged at a 12-year high of 4.35% at its March meeting, as largely expected. The policy decision came amid indications that Australia’s economic growth has slowed after 425 basis points of interest rate hikes […]
Read moreMarch 18, 2024 10:29 am
The annual inflation rate in the Euro Area was confirmed at 2.6% in February, final data by Eurostat showed on Monday. It has been the lowest rate since November 2023, but it was still above the European Central Bank’s 2% inflation objective. In February, energy prices went down 3.7% year-on-year compared with a 6.1% slump […]
Read moreMarch 13, 2024 10:39 am
The GBP/SEK currency pair was a notch firmer on Wednesday, after data revealed UK economy had expanded 0.2% month-over-month in January, in line with market consensus, and ahead of Swedish consumer inflation report due out tomorrow. The largest positive contribution to the GDP came from the services sector, as it registered a 0.2% growth following […]
Read moreMarch 13, 2024 8:08 am
The EUR/GBP currency pair was mostly steady in early European trade on Wednesday, after rebounding from a three-week low of 0.8499, as the latest data revealed UK economy had expanded 0.2% month-over-month in January, in line with market consensus. The largest positive contribution to the GDP came from the services sector, as it registered a […]
Read moreMarch 12, 2024 10:13 am
The USD/ZAR currency pair lost ground on Tuesday, as market players awaited the key US CPI report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual headline consumer inflation in the United States probably remained steady at 3.1% in February, according to market consensus. Annual core CPI inflation […]
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