June 21, 2025 1:36 pm
The GBP/SEK currency pair settled below Friday’s high of 13.0618, its strongest level since May 27th, in the wake of Riksbank’s and the Bank of England’s policy decisions. Sweden’s Riksbank lowered its key policy rate by 25 basis points to 2% at its June meeting, in line with market consensus. The central bank highlighted slowing […]
Read moreJune 21, 2025 8:36 am
The GBP/USD currency pair settled above recent low of 1.3382, its weakest level since May 21st, in the wake of the Federal Reserve’s and the Bank of England’s policy decisions. The Fed kept its federal funds rate target range without change at 4.25%-4.50% at its June meeting, in line with market consensus. Fed policy makers […]
Read moreJune 18, 2025 1:49 pm
The GBP/CHF currency pair held not far from 1-month low of 1.0929 on Wednesday, as investors braced for the outcome of the Bank of England’s and the Swiss National Bank’s policy meetings. The Bank of England is expected to maintain its benchmark interest rate at 4.25% at its June 19th meeting. In May, the BoE […]
Read moreJune 18, 2025 10:54 am
The CHF/NOK currency pair hovered above a 10 1/2-week low of 12.1160 on Wednesday, as investors braced for the outcome of Norges Bank’s and the Swiss National Bank’s policy meetings. Norges Bank is expected to keep its key policy rate on hold at 4.5% for the 12th straight meeting on June 19th. The central bank […]
Read moreJune 18, 2025 6:59 am
The USD/CHF currency pair was mostly steady on Wednesday, after a rebound from last Friday’s 7 1/2-week low of 0.8054, as investors braced for the outcome of the Federal Reserve’s and the Swiss National Bank’s policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at its […]
Read moreJune 17, 2025 9:27 am
The USD/NOK currency pair hovered above a 28 1/2-month low of 9.8587 on Tuesday ahead of the outcome of the Federal Reserve’s and Norges Bank’s policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at its June 17th-18th meeting. The US central bank has adopted a […]
Read moreJune 17, 2025 7:01 am
The USD/SEK currency pair hovered above a 12-month low of 9.3766 ahead of the outcome of the Federal Reserve’s and Sweden’s Riksbank policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at its June 17th-18th meeting. The US central bank has adopted a wait-and-see approach amid […]
Read moreJune 15, 2025 8:36 am
The GBP/CHF currency pair settled above Friday’s low of 1.0929, or its weakest level since May 8th, as the Swiss Franc drew support from its role of a traditional safe-haven currency due to escalating Middle East tensions. Israel said it had initiated widescale strikes against Iran on Friday, targeting nuclear facilities, ballistic missile factories and […]
Read moreJune 14, 2025 3:53 pm
The USD/SGD currency pair settled above recent low of 1.2763, its weakest level since October 30th 2014, as the US Dollar drew certain support from its role of a traditional safe-haven currency due to escalating Middle East tensions. Israel said it had initiated widescale strikes against Iran on Friday, targeting nuclear facilities, ballistic missile factories […]
Read moreJune 14, 2025 11:37 am
The EUR/GBP currency pair settled below recent high of 0.8546, its strongest level since April 25th. The Sterling continued to underperform after the publication of lackluster UK employment data and weak GDP growth for April, which fueled speculation of further interest rate cuts by the Bank of England by year-end. The UK economy shrank at […]
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