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CAD/JPY scales 3-week peak as BoJ abandons negative rates

March 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 more

AUD/JPY gains as BoJ puts an end to negative rates

March 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 more

AUD/CAD slips to 2-week low as RBA keeps rates on hold

March 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 more

Euro Area inflation rate confirmed at 2.6% in February

March 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 more

GBP/SEK: Krona edges down ahead of Swedish CPI data

March 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 more

EUR/GBP little changed as UK GDP growth matches estimates

March 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 more

USD/ZAR hovers above six-week low with US CPI in focus

March 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 […] Read more

Switzerland consumer morale decreases in February

March 11, 2024 9:59 am
Consumer morale in Switzerland weakened in February, with the gauge of confidence coming in at a reading of -42.3, down from -41.1 in January. The latest figure was considerably below the long-term average level, the State Secretariat for Economic Affairs said. The figure reflected heightened concerns over consumers’ personal financial situation and the Swiss economy’s […] Read more

EUR/NOK edges lower ahead of ECB rate decision

March 7, 2024 11:18 am
The EUR/NOK currency pair was a notch weaker on Thursday following Norway’s manufacturing data and ahead of the outcome of the ECB’s March policy meeting. Norwegian manufacturing production stalled in January compared to a month earlier, data by Statistics Norway showed. That followed a 0.3% increase in December. In annual terms, the nation’s manufacturing output […] Read more

EUR/AUD comes off 15-week high as Australia exports hit 10-month high

March 7, 2024 9:05 am
The EUR/AUD currency pair extended a pullback from recent 15-week high on Thursday following Australia’s trade figures for January and ahead of the outcome of the ECB’s March policy meeting. Australia’s trade surplus was reported to have widened to AUD 11.027 billion in January from a revised down AUD 10.74 billion in December. Exports rose […] Read more