May 10, 2025 10:37 am
The USD/SEK currency pair settled below Friday’s high of 9.7658, its strongest level since May 1st, in the wake of the Federal Reserve’s and Sweden’s Riksbank policy decisions. The Fed left its federal funds rate target range intact at 4.25%-4.50% for a third straight meeting in May, in line with market consensus. The US central […]
Read moreMay 10, 2025 8:15 am
The GBP/USD currency pair settled above Friday’s low of 1.3211, its weakest level since April 17th, in the wake of the Federal Reserve’s and the Bank of England’s policy decisions as well as the announcement of a revised trade agreement between the US and the UK. The Fed left its federal funds rate target range […]
Read moreMay 9, 2025 2:09 pm
Key Moments: Canada’s unemployment rate increased to 6.9% in April, exceeding expectations of 6.8%. Net job creation totaled 7.4K in April, rebounding from a 32.6K decline in March. The USD/CAD pair is trading around the 1.3920 mark on Friday, while the US Dollar Index remains above 100. Labor Market Overview According to data published by […]
Read moreMay 9, 2025 11:35 am
Key Moments: The Polish zloty advanced 0.35% against the euro to 4.23650 on Friday, reaching its highest level in a month. The National Bank of Poland reduced its base rate by 50 basis points to 5.25% on Wednesday, characterizing the move as an “adjustment.” Policymaker Ludwik Kotecki indicated further rate cuts could occur in July […]
Read moreMay 9, 2025 10:12 am
Key Moments: Bitcoin successfully broke the $100,000 barrier this week. Metaplanet announced a $21.25 million 0% bond issuance to fund new Bitcoin purchases. The company’s Bitcoin holdings recently reached 5,555 BTC. Bitcoin Enjoys Major Gains This week’s Bitcoin rally saw the cryptocurrency finally climb above the $100,000 threshold. Earlier on Friday, BTC even managed to […]
Read moreMay 9, 2025 8:35 am
Key Moments: AUD/JPY pulled back below 93.00 on Friday. March saw household spending climb 2.1% year-over-year, aiding the yen. The pair’s downward momentum was mitigated by robust Chinese trade data. Yen Strengthens as Household Spending Jumps The Japanese yen appreciated against the Australian dollar on Friday, pushing the AUD/JPY pair down to 92.96. The move […]
Read moreMay 8, 2025 2:58 pm
Key Moments: ETH experienced a growth acceleration on Thursday, climbing by 11.64% to $2,005.86. The Pectra upgrade, activated on May 7th, increased Ethereum’s validator stake cap from 32 ETH to 2,048 ETH. Bitcoin rose above the $99,000 mark and has been trying to reach $100,000. Ethereum Reaches $2,000 Amid 11.65% Climb, Bitcoin On Its Way […]
Read moreMay 8, 2025 1:18 pm
Key Moments: The Bank of England lowered its benchmark rate to 4.25% on May 8th. The sterling strengthened against the dollar, with the GBP/USD climbing 0.31% to 1.3330. Current BoE forecasts point to a 1% increase in economic growth in 2025. Bank of England Lowers Rates The British pound gained ground on Thursday after the […]
Read moreMay 8, 2025 11:22 am
Key Moments: The Indian rupee dropped by 1% against the US dollar on Thursday. An earlier USD/INR surge saw the rate climb past 85.7900, marking the rupee’s steepest drop in years. Military escalations between India and Pakistan, including drone strikes and retaliatory artillery exchanges, triggered a flight from Indian assets. The US Dollar Index has […]
Read moreMay 8, 2025 8:51 am
Key Moments: The US Dollar Index managed to reach the 100 mark. The yen extended its Wednesday decline into Thursday, depreciating 0.62% against the greenback. Market expectations regarding a potential BoJ rate increase could aid the yen. The USD/JPY advanced on Thursday, climbing by 0.62% to 144.70 amid renewed optimism around US trade negotiations. US […]
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