September 21, 2023 9:33 am
The Norwegian Krone firmed to an intraday high against the US Dollar on Thursday, after Norway’s central bank hiked interest rates at its September meeting and said it would likely raise them once again in December. Norges Bank raised its key policy rate by 25 basis points to 4.25% earlier on Thursday, in line with […]
Read moreSeptember 21, 2023 7:31 am
The Australian Dollar retreated to a fresh one-week low against its US counterpart on Thursday, after the Federal Reserve left interest rates intact, but toughened a hawkish monetary policy stance. As a result, the US Dollar scaled a fresh six-month peak against a basket of major peers and US Treasury yields surged to levels unseen […]
Read moreSeptember 20, 2023 7:29 am
The British Pound hovered just above a 5-month trough against the Canadian Dollar on Wednesday, as lower-than-expected CPI inflation in the UK raised some questions about the Bank of England’s rate outlook. Annual consumer inflation in the United Kingdom decelerated to 6.7% in August from 6.8% in July, while confounding market expectations of an increase […]
Read moreSeptember 19, 2023 7:10 am
The AUD/JPY pair remained stuck within a narrow range on Tuesday ahead of the outcome of the Bank of Japan’s policy meeting on Friday, while the minutes of the Reserve Bank of Australia’s September meeting were shrugged off. The Bank of Japan’s September meeting will be closely watched for clues over when its negative interest […]
Read moreSeptember 18, 2023 9:32 am
The South African Rand traded within a tight range against the US Dollar on Monday ahead of the Federal Reserve’s and the South African Reserve Bank’s (SARB) policy decisions on Wednesday and Thursday respectively. The SARB is largely expected to leave its benchmark interest rate without change at a 14-year high of 8.25% at its […]
Read moreSeptember 18, 2023 7:51 am
The GBP/JPY currency pair was mostly steady on Monday, not far from last week’s 1-month low, ahead of major central bank meetings, including the Bank of England on Thursday and the Bank of Japan on Friday. The Bank of England is expected to deliver its 15th consecutive interest rate hike, which would bring borrowing costs […]
Read moreSeptember 15, 2023 7:21 am
The USD/INR pair was slightly firmer on Friday, while trading not far from an all-time peak, but upside seemed limited by expected equity inflows and some dollar selling. The BSE Sensex and the Nifty 50 stock indices registered fresh highs on Friday, with traders expecting equity inflows of $500 million to $550 million. With the […]
Read moreSeptember 14, 2023 9:16 am
The South African Rand erased earlier daily gains against the US Dollar on Thursday ahead of South African mining production data release. Meanwhile, the US Dollar was mostly flat against major peers, after the latest CPI inflation report cemented expectations of a rate pause by the Federal Reserve at its September 19th-20th meeting. Rand traders […]
Read moreSeptember 14, 2023 7:44 am
The EUR/JPY pair remained stuck within a narrow range on Thursday, as market focus sets on the European Central Bank’s monetary policy decision due later in the day. Futures market is now pricing an almost 60% chance of a 10th consecutive rate hike by the ECB in September. A recent report by Reuters stated that […]
Read moreSeptember 13, 2023 7:15 am
The USD/INR pair was a notch firmer on Wednesday, as market players adjusted positions ahead of key US CPI inflation report, which may provide clues over the Federal Reserve’s future interest rate trajectory. As of 7:10 GMT on Wednesday the USD/INR pair was edging up 0.11% to trade at 82.9320. According to Anand James, chief […]
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