Share: NZD/USD loses momentum above the mid-0.6000s on Monday. Reserve Bank of New Zealand (RBNZ) is anticipated to hold the Offical Cash Rate (OCR) at 5.50% on Wednesday. US S&P Global Manufacturing PMI dropped to 49.4 vs. 50.0 prior, below the market consensus. RBNZ interest rate decision and US Gross Domestic Product (GDP)
Share: USD/MXN consolidates in a tight range of 17.4000 – 17.5900 since Monday. Banxico is expected to keep interest rates unchanged at 11.25%, Investors await Fed Chair Jerome Powell’s conference to gain additional insights into the interest rate trajectory. USD/MXN treads water near 17.5000 during the European session on Wednesday. The pair has
The exchange rate remained stable at €1.1502 on Thursday, as investors awaited the Bank of England’s (BoE) decision on interest rates amidst deteriorating economic conditions in the UK. This comes in the wake of October’s manufacturing PMI data, which showed a significant contraction in UK factory activity, fueling fears of a recession. S&P Global Market
© Reuters The British pound is showing resilience ahead of the Bank of England’s (BoE) Monetary Policy Committee (MPC) November interest rate decision, which is expected to maintain the 5.25% rate, a prediction backed by over 90% of money markets and a majority of surveyed analysts. The BoE’s anticipated “high-for-longer” policy might bolster the pound
Fed Chair Powell MUFG delves deep into the anticipated FOMC decision, suggesting that, while the FOMC will most likely keep the fed funds rate unchanged, market participants should be keenly watching for any deviations in the typical messaging from the Federal Reserve. Key Takeaways: Rate Expectations: The market has virtually no expectation of a rate
© Reuters. The Reserve Bank of India (RBI) is facing challenges in managing the volatility of the rupee due to a continuous decline in forex reserves, which fell by $2.36 billion to $583.53 billion for the week ending October 20th. This decrease occurred despite a $1.15 billion increase in the preceding week, and follows a
Share: USD/CAD continues to draw support from bearish Oil prices and a modest USD strength. Tuesday’s disappointing Canadian GDP also undermines the Loonie and acts as a tailwind. Traders now look to the US macro data for some impetus ahead of the key FOMC decision. The USD/CAD pair attracts some dip-buying during the
Share: EUR/GBP bottomed at a low of around 0.8695 and then recovered toward 0.8715. The EUR traded firm on Friday after the ECB’s decision on Thursday to hold rates steady. Focus now shifts to next week’s BoE decision on Thursday, which is also expected to hold rates steady at 5.25%. At the end
Share: The US Dollar is trading soft against its rivals and seems to be consolidating the last session’s gains. The Core PCE from September matched expectations at 3.7% YoY. The US bond yields are mixed, while dovish bets on the Fed remain high. Focus now shifts to next week’s Fed decision. The US
Japanese Yen Prices, Charts, and Analysis BoJ meeting is key for the Yen. USD/JPY is testing the BoJ’s resolve. Download our Free Q4 Japanese Yen Forecast Recommended by Nick Cawley Get Your Free JPY Forecast The Federal Reserve, Bank of England and the Bank of Japan all announce their latest monetary policy decisions next week
