Currency News

Sweden’s inflation slows to lowest level since January 2022

Sweden’s annual consumer inflation has eased to 4.1% in March from 4.5% in February, the latest data by Statistics Sweden showed, which added to prospects of an earlier interest rate cut by Riksbank. It has been the lowest inflation rate since January 2022, as prices dropped for the first time for food & non-alcoholic beverages, […] Read more

Bank of Canada leaves benchmark rate intact at 5%

The Bank of Canada left its target for the overnight rate intact at 5% at its April meeting, in line with market expectations. The central bank pledged to keep reducing its balance sheet, as policy makers again underscored upside risks to inflation. The BoC said that while price pressures had eased across a range of […] Read more

EUR/CAD steadies ahead of BoC, ECB rate decisions

The EUR/CAD currency pair traded with slight change on Wednesday amid caution ahead of the outcome of the Bank of Canada’s and the European Central Bank’s April policy meetings. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit facility rate […] Read more

EUR/USD mostly flat with US CPI data, ECB meeting in sight

The EUR/USD currency pair remained stuck in a tight trading range on Wednesday as market players awaited the outcome of the ECB’s April policy meeting and fresh US CPI data prints. The European Central Bank is largely expected to leave the main refinancing operations rate unchanged at a 22-year high of 4.5% and the deposit […] Read more

NZD/USD rises to 3-week high as RBNZ holds rates, US CPI eyed

The NZD/USD currency pair held in proximity to a fresh three-week high on Wednesday, after the Reserve Bank of New Zealand left borrowing costs without change at its April policy meeting, while investors awaited the key US CPI inflation report later in the day. New Zealand’s central bank kept its official cash rate unchanged at […] Read more

USD/ZAR slips to 14-week low with CPI, Fed minutes in focus

The USD/ZAR currency pair hovered just above a fresh 14-week low 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. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released […] Read more

USD/CAD confined in tight range ahead of CPI, Fed minutes

The USD/CAD currency pair traded within a narrow range 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. Another highlight this week will be the minutes of the Fed’s policy meeting in March, to be released on Wednesday. […] Read more

NZD/CAD trades near 3-week high ahead of cenbank meetings

The NZD/CAD currency pair traded in proximity to a fresh three-week high on Tuesday as investors awaited the outcome of the Reserve Bank of New Zealand’s and the Bank of Canada’s policy meetings tomorrow. The Reserve Bank of New Zealand is largely expected to keep its official cash rate unchanged at 5.5% for a sixth […] Read more

Australia’s Feb trade surplus smallest since last September

Australia’s trade surplus has shrunk to AUD 7.28 billion in February from a revised down AUD 10.06 billion surplus in January, data by the Australian Bureau of Statistics showed. It has been the nation’s smallest trade surplus since September 2023. In comparison, market consensus had pointed to a surplus of AUD 10.4 billion. Total exports […] Read more

Reserve Bank of India leaves policy rate on hold as expected

The Reserve Bank of India left its key repo rate at 6.5% for the seventh straight policy meeting in April, in line with market expectations. The RBI decision came amid persistent price pressures. India’s annual inflation rate was reported at 5.09% in February, little changed from January’s level, while remaining within the central bank’s 2%-6% […] Read more