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European Central Bank’s President Christine Lagarde speaks in Washington, DC. A firmer upside momentum now lifts EUR/USD pair to the area of daily highs near 1.0680.Earlier on Wednesday, Lagarde tweeted saying, “Later today I will be speaking at the Council on Foreign Relations about the European economy and implications of …

The Federal Reserve Chair Jerome Powell stated on Tuesday that the US central bank is unlikely to lower interest rates at its next policy meeting, which is just two weeks away, due to the US economy’s continued strength and a “lack of progress” on inflation. Powell stated during a moderated …

The board members of the Reserve Bank of New Zealand (RBNZ) opted to keep the Official Cash Rate (OCR) at 5.50% on Wednesday after the end of the April policy meeting. The choice was consistent with what the market anticipated. The New Zealand Dollar catches a fresh momentum in an …

Japanese Prime Minister Fumio Kishida emphasized on Thursday the necessity for the central bank to uphold accommodative monetary conditions, underscoring the government’s commitment to supporting economic recovery and defeating deflation. In a news conference, Kishida affirmed that the government would sustain close coordination with the Bank of Japan (BOJ) to …

Following its meeting in March, the Federal Reserve has just announced its monetary policy decision to hold the US central bank’s policy rate at 5.25%–5.5%. All eyes focus now on the policy statement as well as the press conference starring Fed Chair Jerome Powell.

Data from the UK Office for National Statistics (ONS) showed that the Consumer Price Index (CPI), a key indicator of inflation, rose by 3.4% in the UK in February last year. This represents a slight decline from the 4.0% increase recorded in January 2016. in line with market expectations, Just …

The Canadian currency has a mixed day’s performance, but it gains since the US dollar is weakening. Due to lower US dollar flows earlier in the day, the USD/CAD pair dropped down below 1.3500. On Thursday, the Canadian dollar managed to gain some ground over its US counterpart. The USD/CAD …

In January 2024, the US Federal Reserve left interest rates unchanged at a 22-year high of 5.25 percent to 5.5% as inflation continues to cool, signaling an end to its rate hiking cycle and possible rate cuts next year. The rate policy meeting summary indicated a general sense of optimism …

In January 2024, the US core producer price index, which excludes food and energy costs, experienced a notable surge, rising by 0.5% compared to the previous month. This robust rebound marked a significant turnaround from the 0.1% decline observed in the preceding month, surpassing market forecasts that had anticipated a …

Bitcoin has surged to $50,000 for the first time in over two years, marking a remarkable comeback from a series of crypto industry scandals and bankruptcies. The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded …