Will the RBA Hike Rates on Tuesday?
The AUD/USD pair recovered on Monday, but markets are anxious ahead of the Reserve Bank of Australia’s (RBA) interest rate decision.
Tag: inflation
Risk Aversion Boosts US Dollar as Focus Turns to US Debt Ceiling
On Wednesday, the value of the US dollar increased amidst concerns about a potential US debt default.
GBP/USD Rises Ahead of BoE Interest Rate Hike on Thursday
GBP/USD recovered after taking a break during the UK holiday on Monday.
USD Weakens Ahead of Fed Rate Decision
It is widely anticipated that on Wednesday, Federal Reserve officials will raise borrowing costs by a quarter of a percentage point, marking the 10th consecutive rate increase since March 2022. However, there is speculation among investors and economists that this may be the central bank’s final action before taking a pause. The US dollar has…
JPY Falls Following Governor Ueda’s Comments
On Tuesday, the Japanese yen weakened against the US dollar after the new Governor of the Bank of Japan (BoJ) indicated a cautious stance
NZD Weakens after Kiwi Inflation Drops
Before the end of the week, the exchange rate between the pound and New Zealand dollar increased to its peak level since October.
Strong UK inflation Data Pushes GBP/USD Higher
The pound strengthened after the release of strong UK inflation data on Wednesday morning 7am (UK time).
Will the Pound Strengthen in 2023?
According to investment bank Morgan Stanley the British pound could be one of 2023’s best-performing financial assets. However, 2022 was a bad year and 2023 is forecast to be as bleak, but positive developments and surprises could provide a healthy boost to Sterling.