© Reuters. The Euro has ascended to a six-month peak against the Pound Sterling, capping off a week with consistent gains as the pair approached 0.8750. This rise comes despite mixed economic data from both the European Union and the United Kingdom, where the UK’s figures have notably underperformed even when exceeding forecasts. At the
Share: The USD/SEK is seen at 10.908 with 0.10% loses US Treasury yields retreated after sharply rising on Thursday. All eyes are on next week’s CPI data from October from the US. The USD/SEK showed minimal downward movements around the 10.908 area on Friday. The pair declined as the Greenback consolidated the week’s
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Share: AUD/USD declined 0.12% for the day, marking a significant weekly drop from 0.6522 to 0.6338. The RBA’s 25 bps rate hike under new Governor Michele Bullock’s leadership fails to provide a bullish impetus for the Aussie. Jerome Powell’s hawkish tone on US monetary policy adds to the AUD’s woes, with China’s economic
Markets and ECB President Christine Lagarde are at odds. Right now, the rates market is pricing in s 68% chance of an ECB rate cut in April and a certainty of one in June (and two in September). Meanwhile, Lagarde spoke with the FT today and said that inflation could fall to 2% if rates
Share: The New Zealand Dollar declines across the board on Friday but rebounds late in session. Kiwi weakness comes from a combination of a negative global growth outlook and US Dollar outperformance. Hawkish commentary from Fed Chair Powell set the US Dollar trending higher against the Kiwi, NZD/USD resumes decline. The New Zealand
The EURUSD on Monday of this week reached up to test the 38.2% retracement of the move down from the July high to the October low near 1.07642. A high price on Monday reached 1.0756 just 8 pips short of that key target. EURUSD stalled the rally this week at the 38.2% retracement After a
Share: Spot Gold prices are seeing further downside on Friday as investors pivot on Fed remarks. Fed looking more hawkish than market participants believed last week. US Dollar, US Treasury yields seeing gains for the week, Gold swoons. XAU/USD prices are testing towards the downside on Friday, edging towards $1,930 after yesterday’s hawkish
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Policy is in a very good place Risk of over tighten and under tightening are balanced News on inflation has been fairly good It is far too early to declare a victory Not ready to say what that next move will be. Policy is significantly restrictive Not sure policy restrictive enough at current settings Need
