February 27, 2024 12:41 pm
The USD/SEK currency pair edged higher on Tuesday, but hovered just above a 6-week low of 10.2475, as market players looked ahead of key US and Swedish macro data prints due to be released later in the week. The second estimate of US GDP growth for Q4 is slated to be released tomorrow. The US […]
Read moreFebruary 27, 2024 9:55 am
The NZD/USD currency pair traded little changed on Tuesday, after pulling back from a 5-week high of 0.6218, ahead of the outcome of the RBNZ’s policy meeting on February 28th. Market players will also pay attention to several key US macro data prints later this week, which may provide fresh clues regarding the timing of […]
Read moreFebruary 27, 2024 8:36 am
The NZD/JPY currency pair pulled back from recent 109-month high of 93.449 ahead of the outcome of the RBNZ’s policy meeting on February 28th, while data showed Japan’s headline inflation had dropped to its lowest level since March 2022. Annual inflation rate in Japan was reported at 2.2% in January, down from 2.6% in December, […]
Read moreFebruary 22, 2024 11:44 am
The USD/CAD currency pair edged lower on Thursday ahead of Canadian retail sales data, which may provide further clues over the Bank of Canada’s rate trajectory, and after the FOMC meeting minutes revealed a cautious approach to rate cuts. FOMC policy makers expressed concerns over the risks of reducing interest rates too early, the minutes […]
Read moreFebruary 22, 2024 10:14 am
The NZD/USD currency pair scaled a fresh five-week peak on Thursday, after data showed New Zealand’s trade deficit had shrunk in January, while the FOMC meeting minutes revealed a cautious approach to rate cuts. New Zealand’s trade deficit shrank to NZD 0.976 billion in January from NZD 2.095 billion in the same month of 2023. […]
Read moreFebruary 22, 2024 9:03 am
The USD/KRW currency pair lost ground on Thursday, after the Bank of Korea kept borrowing costs intact for a ninth consecutive policy meeting, noting it required more time to assess changes in local and external conditions. Meanwhile, Federal Reserve policy makers said they did not expect it would be appropriate to cut interest rates until […]
Read moreFebruary 20, 2024 11:44 am
The AUD/CHF currency pair rose to a fresh 7-week high on Tuesday, after the Reserve Bank of Australia reinforced bets that interest rate cuts were likely still some way off. The minutes of the RBA’s February policy meeting revealed the central bank required more time to be confident inflation was easing before it could rule […]
Read moreFebruary 20, 2024 9:53 am
The AUD/JPY currency pair advanced to a fresh 12-week high on Tuesday, after the Reserve Bank of Australia reinforced bets that interest rate cuts were likely still some way off. The minutes of the RBA’s February policy meeting revealed the central bank required more time to be confident inflation was easing before it could rule […]
Read moreFebruary 19, 2024 10:15 am
The AUD/NZD currency pair was a notch weaker at the start of the new week, as market players shift their focus to the minutes of the Reserve Bank of Australia’s February policy meeting for more insight into the central bank’s thinking. The Forex pair extended a pullback from Friday’s one-week high of 1.0702. The RBA […]
Read moreFebruary 19, 2024 8:55 am
The AUD/CAD currency pair traded in proximity to a fresh two-week high of 0.8824 on Monday, as market players shift their focus to the minutes of the Reserve Bank of Australia’s February policy meeting for more insight into the central bank’s thinking. The RBA left its cash rate without change at 4.35% at its February […]
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