GBP/USD extends gains near 1.2630 on subdued US Dollar

[ad_1] Share: GBP/USD Forecast: Bulls maintain the pressure, aim for 1.2700 and beyond The British Pound retains its strength against the US Dollar, with GBP/USD comfortably trading above the 1.2600 threshold after peaking on Monday at 1.2644, its highest since last August. On the one hand, the GBP benefited from hawkish comments from

PBoC sets USD/CNY reference rate at 7.1151 vs. 7.1212 previous

[ad_1] Share: On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day’s fix of 7.1212 and  7.1440 Reuters estimates. Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%. 352 billion

I may support holding rates for about 8 to 10 months

[ad_1] Share: Atlanta Federal Reserve President Raphael Bostic said on Friday that monetary policy is in the right place given the economic outlook. He added he may support holding interest rates steady for about 8 to ten months.  In an interview with Bloomberg TV, Bostic mentioned that he does not see a recession

We have not made any decisions on future meetings

[ad_1] Share: Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions. Key quotes “We are attentive to increase in longer term yields, it can have implications on monetary

Inflation likely to slow, then re-accelerate as wages rise

[ad_1] Share: The Bank of Japan’s (BoJ) published its quarterly outlook report, following its October policy meeting, with key highlights noted below. Key takeaways (via Reuters) Japan’s economy likely to continue recovering moderately. Inflation likely to slow, then re-accelerate as wages rise, inflation expectations heighten. Uncertainty over Japan’s economic, price outlook very high . Must be vigilant

Lagarde explains decision to leave interest rates unchanged in October

[ad_1] Share: Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave the key interest rates unchanged in October and responds to questions from the press. ECB press conference key quotes “The economy is likely to remain weak for the rest of the year.” “The economy should strengthen

Bank of Canada leaves policy rate unchanged at 5% as expected

[ad_1] Share: The Bank of Canada (BoC) announced on Wednesday that it left the benchmark interest rate unchanged at 5% following the October policy meeting. This decision came in line with the market expectation.  BoC Governor Tiff Macklem will explain the policy decisions and comment on the policy outlook in a press conference

Jerome Powell speech likely to hint at next Fed move

[ad_1] Share: Fed Chairman Jerome Powell will speak before the Economic Club of New York. Powell’s comments on monetary policy and interest rate path will be scrutinized by markets. The US Dollar could show significant reaction to Powell’s speech before the Fed’s blackout period begins on Saturday. Jerome Powell, Chairman of the Federal