March 26, 2024 11:33 am
The USD/ZAR currency pair edged higher on Tuesday ahead of a policy decision by the South African Reserve Bank, while investors were also eyeing Friday’s report on US PCE inflation that could affect Fed rate cut expectations. The US core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, is expected to […]
Read moreMarch 26, 2024 9:42 am
The USD/SEK currency pair traded in proximity to recent six-week peak on Tuesday ahead of a rate decision by Sweden’s Riksbank, while investors were also eyeing Friday’s report on US PCE inflation that could affect Fed rate cut expectations. The US core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, is […]
Read moreMarch 26, 2024 8:15 am
The USD/SGD currency pair extended a pullback from a fresh 6-week high of 1.3505 on Tuesday, after data showed a strong rebound in Singapore’s industrial production in February, while investors were also eyeing Friday’s report on US PCE inflation that could shape Fed rate cut expectations. Industrial output in Singapore grew at a monthly rate […]
Read moreMarch 25, 2024 7:46 am
Annual consumer inflation in Singapore picked up to 3.4% in February from a more than two-year low of 2.9% in January. The actual figure exceeded market consensus of 3.3%. Last month, inflation accelerated for housing (3.9% YoY versus 2.4% YoY in January), recreation & culture (5.5% YoY versus 4.4% YoY in January) and education (3.4% […]
Read moreMarch 20, 2024 11:28 am
The NZD/USD currency pair hovered just above a fresh 17-week low of 0.6024 on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting in March. Federal […]
Read moreMarch 20, 2024 9:59 am
The GBP/USD currency pair hovered just above recent two-week low of 1.2667 on Wednesday, as market players awaited the outcome of the Federal Reserve and the Bank of England policy meetings. Traders were also mulling the latest inflation figures that were reported by the United Kingdom. Earlier today, the ONS data showed UK’s annual inflation […]
Read moreMarch 20, 2024 8:10 am
The GBP/JPY currency pair extended the gains from the past six trading days on Wednesday, while scaling an 8 1/2-year peak of 192.854, as investors bet Japan would keep its accommodative monetary settings even after the BoJ’s decision to move away from negative interest rates. Yesterday the GBP/JPY pair surged more than 1% after the […]
Read moreMarch 19, 2024 11:07 am
The CAD/JPY currency pair registered a fresh three-week high on Tuesday, after the Bank of Japan put an end to an eight-year period of negative interest rates and ahead of Canada’s CPI report. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market expectations. It has […]
Read moreMarch 19, 2024 9:20 am
The AUD/JPY currency pair registered modest gains on Tuesday in the wake of central bank policy decisions in Japan and Australia. The Bank of Japan put an end to an eight-year period of negative interest rates. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market […]
Read moreMarch 19, 2024 8:00 am
The AUD/CAD currency pair registered a fresh two-week low on Tuesday, after the Reserve Bank of Australia kept its cash rate unchanged at a 12-year high of 4.35% at its March meeting, as largely expected. The policy decision came amid indications that Australia’s economic growth has slowed after 425 basis points of interest rate hikes […]
Read more