February 6, 2025 10:21 am
The GBP/USD currency pair retreated on Thursday, pulling back from a one-month high of 1.2550, as investors braced for the outcome of the Bank of England’s policy meeting later in the day. The Bank of England is largely expected to cut its benchmark interest rate by 25 basis points to 4.50% at its February policy […]
Read moreFebruary 6, 2025 8:36 am
The USD/ZAR currency pair firmed on Thursday, reversing the loss from the prior day, ahead of South Africa President Cyril Ramaphosa’s national address and as risk of a global trade war seemed to have receded. “It appears that the market has started to put the tariff threats against Mexico and Canada in the rear view […]
Read moreJanuary 30, 2025 12:30 pm
The USD/CHF currency pair was holding near a fresh one-week high of 0.9094 on Thursday, extending recent gains, after the Federal Reserve left borrowing costs on hold, in line with market consensus. Still, the US central bank provided scant clues regarding further rate cuts this year. The Fed kept its federal funds rate target range […]
Read moreJanuary 30, 2025 9:52 am
The EUR/CHF currency pair was confined within a tight 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 2.90% at its January policy meeting. And, the ECB […]
Read moreJanuary 30, 2025 8:17 am
The EUR/USD currency pair remained mostly flat on Thursday, after the Federal Reserve left borrowing costs on hold, in line with market consensus. Still, the US central bank provided scant clues regarding further rate cuts this year. The Fed kept its federal funds rate target range without change at 4.25%-4.50% at its January meeting, pausing […]
Read moreJanuary 29, 2025 10:01 am
The CAD/CHF currency pair traded within a tight range on Wednesday, as investors braced for the outcome of the Bank of Canada’s policy meeting later in the day. The Bank of Canada is expected to lower its benchmark interest rate by 25 basis points to 3.00% at its January policy meeting. Following the sizeable 50bp […]
Read moreJanuary 29, 2025 8:36 am
The USD/CAD currency pair extended the gains from the prior two trading days on Wednesday, while moving within a relatively narrow daily range, ahead of the outcome of the Federal Reserve’s and the Bank of Canada’s policy meetings. The Fed is widely expected to leave its federal funds rate target range intact at 4.25%-4.50% at […]
Read moreJanuary 28, 2025 11:32 am
The USD/SEK currency pair extended the gains from a day ago on Tuesday, as the US Dollar firmed after new US tariff threats and ahead of the outcome of the Federal Reserve’s and Riksbank’s policy meetings. US President Trump announced on Monday plans to impose tariffs on imported computer chips, pharmaceuticals and steel in an […]
Read moreJanuary 28, 2025 10:20 am
The USD/NOK currency pair extended a rebound from a 5-week low of 11.1635 on Tuesday, as the greenback firmed in the wake of new US tariff threats. US President Trump announced on Monday plans to impose tariffs on imported computer chips, pharmaceuticals and steel in an attempt to encourage domestic production. Market focus also sets […]
Read moreJanuary 28, 2025 9:00 am
The USD/SGD currency pair surged sharply on Tuesday, while rebounding from a seven-week low of 1.3421, in the wake of new US tariff threats and ahead of the outcome of the Federal Reserve’s two-day policy meeting. US President Trump announced on Monday plans to impose tariffs on imported computer chips, pharmaceuticals and steel in an […]
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