April 19, 2025 3:34 pm
The EUR/CHF currency pair settled above recent low of 0.9212, its weakest level since November 22nd 2024, in the wake of the European Central Bank’s policy decision. In the meantime, optimism surrounding the progress in trade negotiations between the United States, Japan and Italy prompted investors to pare flows into safe haven assets such as […]
Read moreApril 19, 2025 11:46 am
The EUR/CAD currency pair settled below recent high of 1.5931, its strongest level since July 31st 2020, in the wake of the European Central Bank’s and the Bank of Canada’s policy decisions. The Euro lost ground after the ECB lowered all three of its benchmark interest rates by 25 basis points: – the main refinancing […]
Read moreApril 19, 2025 8:03 am
The EUR/RUB currency pair settled above Friday’s low of 91.6610, its weakest level since April 3rd, in the wake of the European Central Bank’s policy decision. In the meantime, the Russian Ruble drew support from rising price of oil. Crude Oil, which accounts for about 26% of Russia’s total exports, rose 2.87% to $63.68 per […]
Read moreApril 18, 2025 12:09 pm
The USD/RUB currency pair plunged to lows not seen since June 2023 in light holiday trade on Friday, as the Ruble drew support from rising price of oil. Crude Oil, which accounts for about 26% of Russia’s total exports, rose 2.87% to $63.68 per barrel on April 17th. The Ruble has appreciated more than 25% […]
Read moreApril 18, 2025 7:59 am
The EUR/GBP currency pair was slightly firmer on Friday, but was still set for a weekly loss, in the wake of the European Central Bank’s policy decision. Yesterday the Euro lost as much as 0.55% of its value against the Sterling after the ECB lowered all three of its benchmark interest rates by 25 basis […]
Read moreApril 17, 2025 2:03 pm
Key moments On Thursday, the ECB lowered Europe’s interest rates by 25 basis points. The primary deposit facility rate now stands at 2.25%. The ECB’s decision to lower borrowing costs was primarily driven by growing concerns about the Eurozone’s weakening economic growth prospects. After the ECB’s announcement, the EUR/USD declined to 1.1355. Euro Loses Ground […]
Read moreApril 17, 2025 1:17 pm
Key moments The GBP/USD pair managed to hit the 1.3250 mark today but has yet to reach 1.3300 The US Dollar Index is trading above recent slumps near 99.000. March saw the UK’s key interest rate reach 2.6%, lower than previously projected. UK Inflation Undershoots Forecasts, Casting Doubt on Pound’s Upside Potential Thursday saw the […]
Read moreApril 17, 2025 10:38 am
The EUR/CAD currency pair traded within a tight daily range on Thursday, as investors braced for the outcome of the ECB’s policy meeting later in the day. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 2.40% at its April policy meeting. And, the ECB […]
Read moreApril 17, 2025 8:34 am
Key moments Bitcoin’s value enjoyed a modest climb of 1.1% on Thursday, nearly hitting $85,000. The cryptocurrency’s surge occurred as investors were shaken by remarks from Fed Chair Powel, who commented on the potential impact of US tariffs and dismissed the prospect of swift interest rate cuts. A CryptoQuant report underscored a disconnect between Bitcoin’s […]
Read moreApril 16, 2025 12:28 pm
Key moments The EUR/USD pair’s Wednesday recovery saw it hit 1.1361. Meanwhile, the US Dollar Index remains stuck below the 100 mark. The US dollar is struggling amid prevailing unease surrounding global tariff-related tensions. Euro Gains Momentum While Dollar Weakens On Wednesday, the EUR/USD pair experienced a significant jump of 0.74% to reach 1.1361. This […]
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