Tag Archives: rate cut

In North American trading, the EUR/USD pair rises as a result of weaker US core PCE inflation statistics. As the Fed’s core PCE index drops to 2.9%, expectations of an interest rate reduction rise, supporting the rise in EUR/USD.Early in the North American session, the EUR/USD increased by about 0.14% …

US Treasury bond yields have been declining since the beginning of trading on Wall Street, after US economic data favouring the “flexible landing” scenario and that the Federal Reserve could be closer to achieving it.Ten-year US Treasury bond yields fell to 4.131%, compared to the last daily close, which recorded …

The EUR/GBP pair is standing at 08536 at the time of writing, down -0.20%, earlier on the day it was at almost 0.8530, down by 0.30%. The ECB held rates steady as expected. Christine Lagarde refrained from commenting on the timing of the ECB rate cuts. Monetary policy divergences are …

It is broadly expected that the European Central Bank will keep the interest rate unchanged this January at 4.00%, amid statements made by policymakers suggesting that it is still too early to talk about reducing interest.This scenario reinforces the European monetary authorities’ assertion that any future movement on the interest …

Tiff Macklem, Governor of the Bank of Canada (BoC), and Senior Deputy Governor Carolyn Rogers explain the BoC decision to leave the interest rate unchanged at 5% after the January policy meeting and respond to questions from the press.Key Quotes“Inflation is still somewhat broad-based and that’s why we’re concerned about …

In an interview with Fox Business on Friday, Mary C. Daly, President of the San Francisco Fed discussed the Fed’s policy outlook. The San Francisco Fed President since 2018, Mary C. Daly will be rotating from an Alternate Member voting seat to a full Member for the 2024 Fed chair …

Despite the ECB blackout, the Euro saw some minor gains. The final trading day saw a recovery in market sentiment as most markets were concentrating on news from the World Economic Forum in Davos. ECB President Christine Lagarde has made great efforts to avoid discussing monetary policy during her scheduled …

The USD Index (DXY) reached a new yearly high in due to adjusted expectations of a rate cut by the Fed in March. This was in line with an additional narrative that suggested the ECB also could hold off on cutting rates until the summer, which ultimately seems to have …

Global stocks and bond markets retreated on Wednesday as investors scaled back expectations of swift interest rate cuts in the eurozone, the UK, and the US. European Central Bank president Christine Lagarde signaled borrowing costs would come down in summer rather than spring, following the first rise in UK inflation …

The price of gold is trading around $2,035.03 per ounce at the time of writing. That’s down 0.94% since yesterday’s gold price per ounce and down 1.39% from the beginning of the year. The lowest trading price within the last 24 hours: $2,031.51 per ounce. The highest gold spot price …