November 6, 2023 8:58 am
The Indian Rupee was slightly firmer against the US Dollar on Monday after US Treasury yields pulled back from last month’s multi-year highs, as investors bet the Federal Reserve would likely not raise interest rates further in the current cycle of tightening. The yield on benchmark US 10-year Treasury Notes was last at 4.589%, after […]
Read moreNovember 3, 2023 8:29 am
The EUR/CAD currency pair steadied on Friday after recent string of declines ahead of unemployment figures due out of both the Euro Area and Canada. The seasonally-adjusted unemployment rate in the Euro Area probably remained steady at a record low level of 6.4% in September, according to market consensus. In August, the number of unemployed […]
Read moreNovember 2, 2023 8:02 am
The GBP/AUD currency pair registered a fresh 1-month low on Thursday ahead of the Bank of England’s monetary policy decision later in the day. The central bank is largely expected to leave its policy interest rate at a 15-year high of 5.25% at its November meeting. The BoE has delivered 13 rate increases over the […]
Read moreOctober 31, 2023 8:15 am
The GBP/JPY currency pair surged over 0.5% on Tuesday, after the Bank of Japan took a small step towards discontinuing the years-long substantial monetary stimulus. The move came well short of expectations of some market players who had anticipated a larger policy tweak. The BoJ left its benchmark short-term interest rate without change at -0.10% […]
Read moreOctober 30, 2023 9:29 am
Germany’s economy has contracted at a quarterly pace of 0.1% in the third quarter of the year, a preliminary figure showed on Monday, while reversing from a revised up 0.1% expansion in Q2. A consensus of analyst estimates had pointed to a 0.3% GDP contraction. In the latest quarterly period, downward pressure on GDP came […]
Read moreOctober 30, 2023 8:13 am
The AUD/JPY currency pair firmed at the start of a busy central bank and data-laden week, as upbeat Australian retail sales data reinforced the case for a RBA interest rate hike in November. Yet, global risk sentiment remained fragile, while limiting the Aussie dollar upside, with the geopolitical backdrop in the Middle East a dominant […]
Read moreOctober 27, 2023 7:49 am
The USD/CAD currency pair was on track to register its best weekly performance since mid-August, as robust US macro data solidified the case for higher-for-longer interest rates. The US economy grew at an annualized rate of 4.9% in the third quarter, or the most since Q4 of 2021, a preliminary estimate showed on Thursday. Market […]
Read moreOctober 26, 2023 7:17 am
EUR/CAD held mostly steady on Thursday, not far from recent six-week high, as market focus now sets on the ECB’s policy decision later in the day. The European Central Bank is largely expected to keep its main refinancing operations rate intact at a 22-year high of 4.5% on Thursday, following 10 consecutive rate hikes since […]
Read moreOctober 25, 2023 9:11 am
The AUD/CAD currency pair scaled a fresh seven-week peak on Wednesday on the back of a surprisingly strong Australian CPI inflation print and ahead of a policy decision by the Bank of Canada later in the day. Australia’s consumer prices surged 1.2% quarter-on-quarter in Q3, picking up from a 0.8% gain in the second quarter […]
Read moreOctober 24, 2023 8:38 am
Private sector activity in the Euro Area registered a fifth consecutive month of contraction in October and also the steepest decline since November 2020, as both the manufacturing and services sectors continued to shrink. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a preliminary 46.5 in October, falling from a final reading of […]
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