Articles by: Miroslav Marinoff

USD/CAD settles above 12-week low, posts weekly loss

The USD/CAD currency pair settled above recent low of 1.3753, its weakest level since September 17th, in the wake of the Federal Reserve’s and the Bank of Canada’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This […] Read more

USD/SGD settles above 9-week low, posts weekly loss

The USD/SGD currency pair settled above recent low of 1.2904, its weakest level since October 6th, in the wake of the Federal Reserve’s policy decision. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This way, borrowing costs were brought […] Read more

USD/CHF settles above 4-week low, posts weekly loss

The USD/CHF currency pair settled above recent low of 0.7924, its weakest level since November 14th, in the wake of the Federal Reserve’s and the Swiss National Bank’s policy decisions. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting, in line with market consensus. This […] Read more

Spot Gold surges to highs not seen since October 21

Spot Gold extended gains to a fresh 7 1/2-week high of $4,293.09/oz. on Friday, underpinned by expectations of further policy easing by the Federal Reserve. New signs of US labor market softness only added to prospects of two Fed interest rate cuts next year. US initial jobless claims rose by 44,000 to 236,000 during the […] Read more

Gold extends gains as Fed delivers rate cut in divided vote

Spot Gold extended gains on Thursday, as the Federal Reserve delivered a largely anticipated rate cut. Yet, the central bank noted it would wait for clearer signs on a cooling job market and inflation, which “remains somewhat elevated”. The Fed lowered its federal funds rate target range by 25 basis points to 3.50%-3.75% at its […] Read more

USD/CHF eases from 2-week high, eyes on Fed and SNB

The USD/CHF currency pair pulled back from a 2-week high of 0.8085 on Wednesday ahead of the outcome of the Federal Reserve’s and the Swiss National Bank’s policy meetings. The Fed is widely expected to lower its federal funds rate target range by 25 basis points to 3.50%-3.75% at its December meeting. The Federal Reserve […] Read more