February 22, 2024 11:44 am
The USD/CAD currency pair edged lower on Thursday ahead of Canadian retail sales data, which may provide further clues over the Bank of Canada’s rate trajectory, and after the FOMC meeting minutes revealed a cautious approach to rate cuts. FOMC policy makers expressed concerns over the risks of reducing interest rates too early, the minutes […]
Read moreFebruary 22, 2024 10:14 am
The NZD/USD currency pair scaled a fresh five-week peak on Thursday, after data showed New Zealand’s trade deficit had shrunk in January, while the FOMC meeting minutes revealed a cautious approach to rate cuts. New Zealand’s trade deficit shrank to NZD 0.976 billion in January from NZD 2.095 billion in the same month of 2023. […]
Read moreFebruary 22, 2024 9:03 am
The USD/KRW currency pair lost ground on Thursday, after the Bank of Korea kept borrowing costs intact for a ninth consecutive policy meeting, noting it required more time to assess changes in local and external conditions. Meanwhile, Federal Reserve policy makers said they did not expect it would be appropriate to cut interest rates until […]
Read moreFebruary 21, 2024 9:24 am
AbbVie Inc (NYSE: ABBV) said on Tuesday that its Board of Directors had appointed Robert A. Michael, the company’s current President and Chief Operating Officer, to the role of Chief Executive Officer. Michael is to succeed Richard A. Gonzalez, who has been CEO since the company’s foundation in 2013. Gonzalez will become Executive Chairman of […]
Read moreFebruary 21, 2024 8:23 am
Spot Silver rose on Wednesday on the back of a softer US Dollar and also underpinned by safe haven buying, as focus sets on the minutes of the Federal Reserve’s January policy meeting due out later in the day. The FOMC minutes could provide more clues regarding the timing of the central bank’s potential interest […]
Read moreFebruary 20, 2024 11:44 am
The AUD/CHF currency pair rose to a fresh 7-week high on Tuesday, after the Reserve Bank of Australia reinforced bets that interest rate cuts were likely still some way off. The minutes of the RBA’s February policy meeting revealed the central bank required more time to be confident inflation was easing before it could rule […]
Read moreFebruary 20, 2024 9:53 am
The AUD/JPY currency pair advanced to a fresh 12-week high on Tuesday, after the Reserve Bank of Australia reinforced bets that interest rate cuts were likely still some way off. The minutes of the RBA’s February policy meeting revealed the central bank required more time to be confident inflation was easing before it could rule […]
Read moreFebruary 19, 2024 12:33 pm
According to a report by CNBC, citing a new 13F filing, Warren Buffett could be establishing a substantial stock position within the banking industry. Buffett’s Berkshire Hathaway has asked regulatory authorities to keep one or more stock purchases confidential in the fourth quarter. The last time Berkshire Hathaway kept a stock purchase secretive was when […]
Read moreFebruary 19, 2024 10:15 am
The AUD/NZD currency pair was a notch weaker at the start of the new week, as market players shift their focus to the minutes of the Reserve Bank of Australia’s February policy meeting for more insight into the central bank’s thinking. The Forex pair extended a pullback from Friday’s one-week high of 1.0702. The RBA […]
Read moreFebruary 19, 2024 8:55 am
The AUD/CAD currency pair traded in proximity to a fresh two-week high of 0.8824 on Monday, as market players shift their focus to the minutes of the Reserve Bank of Australia’s February policy meeting for more insight into the central bank’s thinking. The RBA left its cash rate without change at 4.35% at its February […]
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