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AUD to MAD

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Technical Analysis

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News

Forex Market: NZD/USD hits 1 1/2-week high after RBNZ delivers 50 basis point rate hike

NZD/USD briefly touched a fresh 1 1/2-week high on Wednesday, after the Reserve Bank of New Zealand lifted its official cash rate by 50 basis points to 3.5%, a level unseen since April 2015, at its October meeting. This has been the fifth consecutive 50 basis point hike. RBNZ policy makers considered core CPI inflation […]

October 5, 2022, 9:19 am in Currency News

Forex Market: AUD/USD pares earlier losses, RBA delivers smaller-than-expected rate hike

The Aussie Dollar pared earlier losses against its US counterpart on Tuesday, which it recorded after the Reserve Bank of Australia surprised market players with a smaller-than-anticipated interest rate hike. The RBA raised its cash rate by 25 basis points to 2.60% at its October policy meeting earlier on Tuesday, while confounding market expectations of […]

October 4, 2022, 8:52 am in Currency News

Forex Market: EUR/USD off one-week high as ECB rate hike expectations heighten recession concerns, CPI inflation at record levels

EUR/USD came off recent one-week highs on Monday, as expectations for another sizable interest rate hike by the European Central Bank later in October reinforced concerns the Eurozone economy could enter a recessionary period. Last week, the annual CPI inflation in the Euro Area was reported to have accelerated to 10.0% in September from 9.1% […]

October 3, 2022, 8:21 am in Currency News

Forex Market: EUR/USD near fresh 20-year trough on energy woes, recession fears bolster greenback

EUR/USD was trading near its weakest level since June 2002 on Wednesday, as rising interest rates globally reinforced recession concerns, propelling the safe haven US Dollar to a new 20-year peak against peers. The yield on benchmark US 10-year Treasuries exceeded 4% for the first time since 2010, while 2-year yield was at 4.28%. “It’s […]

September 28, 2022, 9:11 am in Currency News

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