The US Federal Reserve will announce its interest rate decision later today at 18:00 GMT, while Chair Powell will start his press conference at 18:30 GMT. Markets expect the US central bank to maintain rates unchanged at 5.25%-5.50% and signal a hike in November. This is because the Fed feels that inflation and the labour…
After Monday’s uncertainty, markets remain volatile early Tuesday with investors being cautious ahead of this week’s key central bank meetings.
Today the ECB will decide about its future monetary policy. The Euro (EUR) has managed to rise against the US dollar (USD) on Thursday.
The dollar has risen ahead of the key US inflation report due later on Wednesday. The US Consumer Price Index (CPI) reading for August is expected to have increased by 0.6% last month, according to a Reuters survey of economists. The release will come just a week before the Federal Reserve (Fed) interest rate policy.…
The pound fell as the Bank of England (BoE) Governor Andrew Bailey stressed that the interest rate hiking cycle was now close to an end.
The Australian dollar fell sharply against the US dollar following weaker Chinese data and the RBA’s decision to hold rates the same
In this article, we will focus on the second most traded currency pair in the world, the USD/JPY pair.
The US dollar remained flat towards the end of Wednesday and ahead of US inflation data on Thursday.
Another disappointing set of Chinese trade figures has sent the Chinese yuan (CNY) lower, but later it regained some of its losses as expectations for further stimulus have increased. China’s imports and exports fell much faster than expected in July, according to data released on Tuesday. Imports fell 12.4% from a year earlier while exports…