Articles by: Miroslav Marinoff

EUR/MYR settles below 6-week high, posts weekly loss

The EUR/MYR currency pair settled below recent high of 4.9692, its strongest level since July 28th, in the wake of the European Central Bank’s policy decision. The ECB left all three of its benchmark interest rates without change: – the main refinancing operations rate – at 2.15%; – the deposit facility rate – at 2.00%; […] Read more

USD/MYR settles at 3-week low, posts weekly loss

The USD/MYR currency pair settled at Friday’s low of 4.2000, its weakest level since August 25th, as concerns over a weakening US labor market outweighed inflation woes prior to the Federal Reserve’s policy meeting. Annual headline consumer inflation in the US has picked up to 2.9% in August from 2.7% in July, in line with […] Read more

USD/NOK settles above 31-month low, posts weekly loss

The USD/NOK currency pair settled above Friday’s low of 9.8252, its weakest level since January 2023, as concerns over a weakening US labor market outweighed inflation woes prior to the Federal Reserve’s policy meeting. Annual headline consumer inflation in the US has picked up to 2.9% in August from 2.7% in July, in line with […] Read more

USD/SEK settles above 3 1/2-year low, posts weekly loss

The USD/SEK currency pair settled above Friday’s low of 9.2850, its weakest level since March 2022, as concerns over a weakening US labor market outweighed inflation woes prior to the Federal Reserve’s policy meeting. Annual headline consumer inflation in the US has picked up to 2.9% in August from 2.7% in July, in line with […] Read more

EUR/USD settles below 7-week high, posts weekly gain

The EUR/USD currency pair settled below recent high of 1.1780, its strongest level since July 24th, in the wake of the European Central Bank’s policy decision and as concerns over a weakening US labor market outweighed inflation woes. Annual headline consumer inflation in the US has picked up to 2.9% in August from 2.7% in […] Read more

Gold eyes 4th weekly gain as soft data, Fed rate outlook support

Spot Gold held close to an all-time high of $3,673.95/oz. on Friday and was on course for its fourth straight weekly advance, as concerns over a weakening US labor market outweighed inflation woes prior to the Federal Reserve’s policy meeting. Annual headline consumer inflation in the US has picked up to 2.9% in August from […] Read more

Silver holds ground near 14-year peak with focus on US CPI

Spot Silver eased but held close to a 14-year peak of $41.66/oz. on Thursday, supported by investor expectations of a Federal Reserve interest rate cut this month and ahead of the key US CPI inflation report. Annual headline consumer inflation in the US probably picked up to 2.9% in August from 2.7% in July, according […] Read more

Spot Gold holds not far from record ahead of US CPI test

Spot Gold eased but held close to an all-time high of $3,673.95/oz. on Thursday, supported by investor expectations of a Federal Reserve interest rate cut this month and ahead of the key US CPI inflation report. Annual headline consumer inflation in the US probably picked up to 2.9% in August from 2.7% in July, according […] Read more

Spot Silver holds gains near 14-year peak

Spot Silver held ground near a 14-year peak of $41.66/oz. on Wednesday, supported by expectations of a Federal Reserve interest rate cut this month. Markets are now pricing in about a 92% chance of a 25 basis point Fed rate cut in September and an 8% chance of a super-sized 50 basis point cut. Lower […] Read more

Spot Gold holds near record on rate outlook, US CPI eyed

Spot Gold held in proximity to an all-time high of $3,673.95/oz. on Wednesday, supported by expectations of a Federal Reserve interest rate cut this month. Markets are now pricing in about a 92% chance of a 25 basis point Fed rate cut in September and an 8% chance of a super-sized 50 basis point cut. […] Read more