September 18, 2023 9:32 am
The South African Rand traded within a tight range against the US Dollar on Monday ahead of the Federal Reserve’s and the South African Reserve Bank’s (SARB) policy decisions on Wednesday and Thursday respectively. The SARB is largely expected to leave its benchmark interest rate without change at a 14-year high of 8.25% at its […]
Read moreSeptember 18, 2023 7:51 am
The GBP/JPY currency pair was mostly steady on Monday, not far from last week’s 1-month low, ahead of major central bank meetings, including the Bank of England on Thursday and the Bank of Japan on Friday. The Bank of England is expected to deliver its 15th consecutive interest rate hike, which would bring borrowing costs […]
Read moreSeptember 15, 2023 7:21 am
The USD/INR pair was slightly firmer on Friday, while trading not far from an all-time peak, but upside seemed limited by expected equity inflows and some dollar selling. The BSE Sensex and the Nifty 50 stock indices registered fresh highs on Friday, with traders expecting equity inflows of $500 million to $550 million. With the […]
Read moreSeptember 14, 2023 9:16 am
The South African Rand erased earlier daily gains against the US Dollar on Thursday ahead of South African mining production data release. Meanwhile, the US Dollar was mostly flat against major peers, after the latest CPI inflation report cemented expectations of a rate pause by the Federal Reserve at its September 19th-20th meeting. Rand traders […]
Read moreSeptember 14, 2023 7:44 am
The EUR/JPY pair remained stuck within a narrow range on Thursday, as market focus sets on the European Central Bank’s monetary policy decision due later in the day. Futures market is now pricing an almost 60% chance of a 10th consecutive rate hike by the ECB in September. A recent report by Reuters stated that […]
Read moreSeptember 13, 2023 7:15 am
The USD/INR pair was a notch firmer on Wednesday, as market players adjusted positions ahead of key US CPI inflation report, which may provide clues over the Federal Reserve’s future interest rate trajectory. As of 7:10 GMT on Wednesday the USD/INR pair was edging up 0.11% to trade at 82.9320. According to Anand James, chief […]
Read moreSeptember 12, 2023 9:38 am
Having touched a 2 1/2-week low on Monday, the AUD/JPY pair was a notch firmer on Tuesday, as the Yen gave back some of its recent gains against major peers. Yesterday the Japanese currency advanced on remarks by Bank of Japan Governor Kazuo Ueda that hinted at a possible end to its era of negative […]
Read moreSeptember 12, 2023 7:33 am
The British Pound steadied against the Canadian Dollar on Tuesday, paring earlier gains in the session, after data showed UK wages had risen at a record rate once again in July, mounting pressure on the Bank of England to continue its policy tightening cycle. Regular pay excluding bonuses in the United Kingdom surged 7.8% year-on-year […]
Read moreSeptember 11, 2023 9:18 am
The South African Rand gained more than 1% against a softer US Dollar on Monday ahead of South African manufacturing production figures that could provide further clues over the nation’s economic health. Meanwhile, the US Dollar weakened against major peers at the start of the week ahead of US CPI inflation report for August due […]
Read moreSeptember 11, 2023 7:35 am
The GBP/JPY currency pair registered a sizable retreat on Monday, after Bank of Japan Governor Kazuo Ueda said the central bank could discontinue its policy of negative interest rates when the 2% inflation target is achieved. “Once we’re convinced Japan will see sustained rises in inflation accompanied by wage growth, there are various options we […]
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