February 8, 2024 8:10 am
The USD/INR currency pair steadied after recording an intraday low of 82.8950 on Thursday, as the Reserve Bank of India kept its benchmark repo rate unchanged at 6.5% for the sixth straight policy meeting in February, as largely expected. The policy decision came after India’s annual inflation picked up to a four-month high of 5.69% […]
Read moreFebruary 7, 2024 10:11 am
The AUD/SEK currency pair pulled back from a one-week peak it scaled on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out since inflation was still elevated. The Australian central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s decision […]
Read moreFebruary 6, 2024 8:54 am
The EUR/SEK currency pair traded little changed in proximity to recent 2-week peak on Tuesday, after Sweden’s Riksbank indicated last week interest rates might be cut sooner than previously expected. Riksbank kept its key policy rate intact at 4.0% at its February meeting, in line with market expectations. The central bank reiterated that past rate […]
Read moreFebruary 6, 2024 7:43 am
The EUR/AUD currency pair weakened on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out, since inflation was still elevated and cost of services was not decreasing quickly enough. The central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s […]
Read moreFebruary 2, 2024 11:20 am
The USD/SEK currency pair held mostly steady on Friday, trading within a narrow range, ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. The exotic currency pair was poised to register a 0.69% weekly loss following central bank policy decisions. Market focus […]
Read moreFebruary 2, 2024 9:56 am
The USD/ZAR currency pair rebounded from a fresh 1-month low on Friday ahead of key US employment data later in the day, which will be closely watched for clues regarding the Fed’s rate outlook. Still, the currency pair was on track to register a second consecutive week of losses, being down 0.65%. “It has been […]
Read moreFebruary 2, 2024 7:49 am
The GBP/CAD currency pair rebounded from Thursday’s 4-week trough, after the Bank of England kept borrowing costs on hold and said it wanted more proof inflation would go back to target before cutting rates. The Bank of England left its benchmark interest rate without change at a 16-year high of 5.25% for the fourth consecutive […]
Read moreFebruary 1, 2024 12:02 pm
The EUR/JPY currency pair hovered just above a fresh 3-week low on Thursday, as core inflation in the Eurozone decelerated to a 22-month low in January, while the Japanese Yen received a boost from lower US Treasury yields. Preliminary data showed on Thursday that Euro Area’s annual inflation had slowed to 2.8% in January from […]
Read moreFebruary 1, 2024 10:02 am
The EUR/USD currency pair hovered just above a fresh 7-week trough on Thursday, after Federal Reserve Chair Jerome Powell pushed back on the idea that an interest rate cut could come as early as March, which kept the dollar supported. The Federal Reserve left its federal funds rate target range without change at a 23-year […]
Read moreFebruary 1, 2024 8:12 am
Having advanced to an intraday high of 1,329.92 per dollar on the back of upbeat domestic macro data, the South Korean Won gave back those gains later during the Asian session. The US Dollar remained supported after Federal Reserve Chair Jerome Powell pushed back on the idea an interest rate cut could come as early […]
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