Tag Archives: interest rates

After the Fed kept interest rates constant as expected and Chief Powell ruled out an interest rate hike as the Fed’s next move, the US dollar gave up its gains on Tuesday with falling US yields across the curve.As US rates reversed following the FOMC meeting, the USD Index (DXY) …

The Pound Sterling has dropped below 1.2500 against the US dollar, trading at 1.2480, down 0.09% at the time of writing, and pressured by the strength of the US dollar ahead of the announcement of the latest Fed policy decision. The Pound Sterling’s valuation is largely influenced by the Bank …

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 …

The Pound Sterling fell against the US Dollar in early New York due to hot US Producer Price Index data for February, which dampened the appeal of risk-sensitive assets. The GBP/USD pair dropped as investors’ risk appetite eased on the expectation that the US PPI would reinforce fears that the …

Market analysts anticipate that the Bank of Canada will maintain its key overnight rate during its upcoming meeting on Wednesday. Despite this expectation, persistent inflationary pressures have prompted markets to revise their projections for the timing of the next interest rate cut, postponing the possibility of a reduction for the …

The US economic activity showed “little or no change” in recent weeks for most of the Federal Reserve’s 12 districts, amid signs that the labour market was cooling in most of the country’s regions, the central bank said on Wednesday in its Beige Book survey of regional business contacts.Consumer spending …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

Governor of the Bank of Canada Tiff Macklem said that unless the central bank is certain that the economy is returning to price stability, it is still too soon to think about cutting interest rates. The USD/CAD pair was last seen at 1.3372 and was headed for its lowest weekly …

The US Bureau of Labour Statistics is set to release November’s jobs report on Friday, December 8, with expectations for a 180,000 rise in Nonfarm Payrolls. Gold is expected to react stronger to a disappointing jobs report than an upbeat one. US stocks are trading modestly higher on Thursday, led …

Concerns regarding Germany’s recovery, which is anticipated to be challenging, are growing. Due to a combination of rising interest rates, weak global orders, and high energy costs, Germany’s economy has been among the weakest in Europe this year.Given a combination of rising interest rates, weak global orders, and high energy …