Currency News

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

Euro Area’s private sector returns to growth in March

Euro Area’s private sector has returned to growth for the first time since May 2023 in March. The HCOB Eurozone Composite Purchasing Managers’ Index was revised up to 50.3 last month from a preliminary reading of 49.9 and improving from February’s level of 49.2. The bloc’s manufacturing sector activity still remained in contraction territory, with […] Read more

Switzerland’s CPI inflation slows to 2 1/2-year low

Annual consumer inflation in Switzerland has eased further in March, to 1% from 1.2% in February, data by the Swiss Federal Statistical Office showed. The actual figure confounded market expectations of an increase to 1.3%. March’s CPI inflation rate has been the lowest since September 2021. The prices of food and non-alcoholic beverages dropped 0.4% […] Read more

US private payrolls surge past estimates in March

Employers in the US private sector hired 184,000 workers in March, data by Automatic Data Processing showed. It has been the largest increase in hiring since July 2023 and followed a revised up employment growth of 155,000 in February. In comparison, market consensus had pointed to private payrolls growth of 148,000. Employment in US services […] Read more