November 30, 2021 11:43 am
AUD/USD was trading in proximity to a 12-month trough on Tuesday, after Moderna’s CEO warned COVID-19 vaccines would probably not be as effective against the Omicron virus variant as they had been with other types. “There is no world, I think, where (the effectiveness ) is the same level . . . we had with Delta,” Moderna Chief […]
Read moreNovember 29, 2021 12:04 pm
GBP/USD rebounded from an 11-month trough on Monday as currency markets recovered from the initial shock of Omicron’s discovery that triggered a rush to safe-haven assets. The Omicron variant of the virus was discovered in South Africa last week, which urged many countries to accelerate border control tightening and rattled global markets on Friday. Despite […]
Read moreNovember 23, 2021 11:20 am
AUD/USD was hovering just above a fresh 1 1/2-month low on Tuesday, as Federal Reserve Chair Jerome Powell’s reappointment reinforced expectations of an interest rate hike in 2022. “The decision removes one source of uncertainty for financial markets and favours policy continuity at the Fed,” MUFG currency analyst Lee Hardman wrote in an investor note. […]
Read moreNovember 22, 2021 10:44 am
GBP/USD was a notch weaker at the start of the new week, as the US currency remained underpinned by bets the Federal Reserve could tighten monetary policy sooner than expected. A flight to safety amid rising COVID-19 infections, especially in Europe, also supported the dollar. Meanwhile, Pound traders’ focus strongly set on Bank of England’s […]
Read moreNovember 16, 2021 9:50 am
AUD/USD snapped a two-day streak of gains on Tuesday, after Reserve Bank of Australia Governor Philip Lowe again dismissed market pricing for a rate hike in 2022, as, in his view, recent macro data and projections do not warrant such a decision. Markets are pricing a first hike from the current 0.10% level to 0.25% […]
Read moreNovember 15, 2021 10:22 am
GBP/USD was mostly steady on Monday, while recovering from Friday’s near 11-month low, as investors were waiting for fresh clues on both the US and the UK economy after placing bets last week for a first rate hike by the Federal Reserve by July 2022. Market players will be also on the watch for any […]
Read moreNovember 9, 2021 10:09 am
AUD/USD held gains registered in the prior trading day on Tuesday as market players awaited inflation figures in the world’s two largest economies for more clues on central bank interest rates. AUD/USD has remained within the 0.7360-0.7470 range since November 4th, but according to Commonwealth Bank strategists, risks for the Aussie are “skewed down because […]
Read moreNovember 8, 2021 9:33 am
GBP/USD hovered just above a five-week trough on Monday after the Bank of England left the benchmark interest rate at a record low level of 0.10% in November and also said it expected UK economy to grow “at a slower pace than projected in the August Report” during the third quarter. BoE policy makers expect […]
Read moreNovember 2, 2021 10:00 am
AUD/USD retreated over 0.7% on Tuesday after the Reserve Bank of Australia dropped the 0.10% yield target on April 2024 government bond at its policy meeting earlier today. The RBA also omitted its previous projection that interest rates were not likely to be raised until 2024, indicating a possible earlier rate hike. The central bank […]
Read moreNovember 1, 2021 10:10 am
GBP/USD extended last Friday’s losses at the start of the new week ahead of Bank of England’s policy decision on Thursday, with investors mulling whether a rate hike will be announced at the meeting. Meanwhile, against a basket of six major peers, the US Dollar traded in proximity to a 2 1/2-week high on Monday, […]
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