Articles by: Miroslav Marinoff

USD/RUB off 91-week low as CBR keeps rates at record high

The USD/RUB currency pair has rebounded from recent 91-week low of 81.03, as the Bank of Russia kept borrowing costs on hold, in line with market consensus. The Bank of Russia (CBR) left its key policy rate without change at a record high of 21% at its March meeting, while it noted that further tightening […] Read more

USD/SEK set for weekly loss after Fed, Riksbank decisions

The USD/SEK currency pair headed for a weekly loss in the wake of the Federal Reserve’s and Riksbank’s policy decisions. Sweden’s Riksbank left its key policy rate intact at 2.25% at its March meeting, highlighting a largely unchanged inflation and GDP growth outlook. Policy makers said they expected inflation would remain above the 2% target […] Read more

Spot Gold eases from record high, heads for 3rd weekly gain

Spot Gold eased from a record high of $3,057.21 per troy ounce on Friday, but looked set for a third consecutive weekly advance on prospects of Fed interest rate cuts by the end of 2025 and as geopolitical and economic uncertainty buoyed safe haven assets. The Federal Reserve kept its federal funds rate target range […] Read more

USD/CHF off 15-week low as SNB delivers 25 bps cut

The USD/CHF currency pair rebounded sharply from a 15-week low of 0.8755 on Thursday, after the Swiss National Bank cut borrowing costs, citing low inflationary pressures and “heightened downside risks” to inflation. The SNB lowered its policy rate by 25 basis points to 0.25% at its March meeting, in line with market consensus. It has […] Read more

EUR/SEK scales 1-week peak as Riksbank keeps rates on hold

The EUR/SEK currency pair held near a fresh one-week high of 11.0577 on Thursday, after Sweden’s Riksbank left borrowing costs without change, highlighting a largely unchanged inflation and GDP growth outlook. Riksbank left its key policy rate intact at 2.25% at its March meeting, in line with market consensus. Policy makers said they expected inflation […] Read more

Spot Silver extends pullback from 20-week peak

Spot Silver extended a pullback from recent 20-week high of $34.24 on Thursday, while the US Dollar rose for a second day, as market players assessed the latest Fed policy decision. The Federal Reserve flagged two potential interest rate cuts by the end of 2025 amid expectations of slower GDP growth and higher inflation. The […] Read more

Spot Gold scales new all-time high, Fed flags two rate cuts

Spot Gold extended its rally to a fresh record high of $3,057.21 per troy ounce on Thursday, after the Federal Reserve flagged two potential interest rate cuts by the end of 2025, further heightening the appeal of the safe haven metal. The Fed kept its federal funds rate target range without change at 4.25%-4.50% at […] Read more

GBP/CHF up from 1-week low, eyes on BoE, SNB decisions

The GBP/CHF currency pair gained on Wednesday, while pulling back from a one-week trough, as investors braced for the outcome of the Bank of England’s and the Swiss National Bank’s policy meetings this week. The Bank of England is expected to maintain its benchmark interest rate at 4.5% at its March 20th policy meeting. In […] Read more

GBP/SEK off 1-week low with focus on cenbank meetings

The GBP/SEK currency pair gained on Wednesday, while rebounding from a one-week low, as investors awaited the outcome of the Bank of England’s and Riksbank’s policy meetings this week. The Bank of England is expected to maintain its benchmark interest rate at 4.5% at its March 20th policy meeting. In February, the BoE delivered its […] Read more

Spot Silver off 20-week high as USD bounces off 5-month low

Spot Silver pulled back from a 20-week high on Wednesday, as the US Dollar recovered from a five-month low ahead of the outcome of the Federal Reserve’s policy meeting. A firmer US Dollar makes dollar-priced Silver less appealing to investors holding other currencies. Market players now focused on the outcome of the Federal Reserve’s two-day […] Read more