May 19, 2025 11:47 am
Key Moments: EUR/USD climbed above 1.1270 on Monday. The US Dollar Index weakened following Moody’s downgrade of US sovereign credit to Aa1. Market consensus indicates the Federal Reserve is unlikely to cut rates over the next two policy meetings Dollar Softens After US Credit Downgrade, Euro Gains Ground The EUR/USD pair surged to 1.1272 during […]
Read moreMay 19, 2025 9:27 am
Key Moments: The British pound climbed above 1.3360 on Monday, reaching its highest level in 12 days. A tentative defense contract agreement between the UK and the EU lifted market sentiments. Moody’s lowered its US credit rating to Aa1, which exerted pressure on the greenback, pushing the US Dollar Index lower by 0.67% . UK-EU […]
Read moreMay 18, 2025 4:39 pm
The GBP/CHF currency pair settled below recent high of 1.1188, its strongest level since April 4th, after the release of the latest GDP growth data out of both the UK and Switzerland. The UK posted stronger-than-expected economic growth in the first quarter of 2025, 0.7%, compared to analysts’ forecasts of 0.6%. This followed a 0.1% […]
Read moreMay 18, 2025 12:29 pm
The EUR/CHF currency pair settled below recent high of 0.9420, its strongest level since April 28th, after the release of the latest GDP growth data out of both the Euro Area and Switzerland. The Euro Area’s economy registered a 0.3% quarterly growth in the first quarter of 2025, according to Eurostat’s second estimate released on […]
Read moreMay 18, 2025 10:47 am
The EUR/GBP currency pair settled above Friday’s low of 0.8392, its weakest level since April 3rd, after the release of the latest GDP growth data out of both the UK and the Euro Area. The UK posted stronger-than-expected economic growth in the first quarter of 2025, 0.7%, compared to analysts’ forecasts of 0.6%. This followed […]
Read moreMay 18, 2025 8:53 am
The GBP/NOK currency pair settled below Friday’s high of 13.8755, its strongest level since May 2nd, after the release of the latest GDP growth data out of both the UK and Norway. The Norwegian economy contracted 0.1% quarter-on-quarter in Q1 of 2025, after a revised down 0.9% decline in the preceding quarter. The GDP contraction […]
Read moreMay 17, 2025 4:01 pm
The EUR/NOK currency pair settled above recent low of 11.5420, its weakest level since April 4th, after the release of the latest GDP growth data out of both the Euro Area and Norway. The Norwegian economy contracted 0.1% quarter-on-quarter in Q1 of 2025, after a revised down 0.9% decline in the preceding quarter. The GDP […]
Read moreMay 17, 2025 11:57 am
The EUR/MXN currency pair settled above recent low of 21.6176, its weakest level since March 26th, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of the Euro Area. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, […]
Read moreMay 17, 2025 10:18 am
The GBP/MXN currency pair settled above recent low of 25.6523, its weakest level since March 14th, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of the UK. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, since […]
Read moreMay 17, 2025 8:26 am
The CHF/MXN currency pair settled above recent low of 22.9761, its weakest level since April 3rd, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of Switzerland. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, since Mexico’s […]
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