September 17, 2024 10:29 am
The USD/ZAR currency pair hovered just above a fresh 13 1/2-month low of 17.5916 on Tuesday ahead of the outcome of the Federal Reserve’s two-day policy meeting, South African CPI inflation report and South African Reserve Bank’s (SARB) policy decision. Markets are now pricing in about a 67% chance of a 50 basis point Fed […]
Read moreSeptember 17, 2024 9:09 am
The USD/CAD currency pair traded within a narrow range on Tuesday ahead of the outcome of the Federal Reserve’s two-day policy meeting and Canada’s CPI data. Markets are now pricing in about a 67% chance of a 50 basis point Fed rate cut at the Fed’s September 17th-18th policy meeting, compared to a 30% chance […]
Read moreSeptember 17, 2024 8:05 am
The USD/SGD currency pair plunged to 1.2932, a level not seen since mid-November 2014, on Tuesday, as market players increased wagers on an imminent super-sized interest rate cut by the Federal Reserve this week. Meanwhile, data showed Singapore’s non-oil domestic exports had surged in August, but at a slower rate than expected. Markets are now […]
Read moreSeptember 16, 2024 10:56 am
The USD/NOK currency pair extended a string of losses on Monday, while touching a fresh one-week low of 10.5814, as investors largely expected a super-sized interest rate cut by the Federal Reserve this week. Meanwhile, data showed Norway’s trade surplus had expanded in August. Markets are now pricing in about a 59% chance of a […]
Read moreSeptember 15, 2024 12:22 pm
Industrial production in the Euro Area was reported to have shrunk 0.3% month-over-month in July, following a flat reading in June. The latest result came in line with market consensus. In July, output dropped for: – intermediate goods (-1.3% after a 0.6% rise in June); – capital goods (-1.6% after a 1% surge in June); […]
Read moreSeptember 12, 2024 9:01 am
The EUR/SEK currency pair edged higher on Thursday, after Swedish CPI data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 4% at its September policy meeting, while its […]
Read moreSeptember 12, 2024 7:43 am
The EUR/AUD currency pair extended a pullback from recent 3 1/2-week peak of 1.6630 on Thursday, after Australian consumer inflation expectations data and as focus sets on the outcome of the European Central Bank’s policy meeting later today. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis […]
Read moreSeptember 11, 2024 9:58 am
The USD/CHF currency pair extended a pullback from recent one-week high of 0.8498 on Wednesday, after Democratic candidate Kamala Harris put contender Donald Trump on the defensive during yesterday’s televised presidential debate and ahead of US CPI data. Vice President Harris put former President Trump on the defensive in an intense debate on Tuesday, unleashing […]
Read moreSeptember 11, 2024 8:07 am
The GBP/USD currency pair edged higher on Wednesday, after Democratic candidate Kamala Harris put contender Donald Trump on the defensive during yesterday’s televised presidential debate. The British Pound, however, trimmed gains, following a weak set of UK macro data. Vice President Harris put former President Trump on the defensive in an intense debate on Tuesday, […]
Read moreSeptember 10, 2024 1:14 pm
The USD/ZAR currency pair was firmer on Tuesday after South African industrial data and ahead of the key US CPI inflation report that may affect the Fed’s interest rate cut trajectory. Annual headline consumer inflation in the United States probably eased to 2.6% in August, according to market consensus, from 2.9% in July. Annual core […]
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