European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the central bank is “still a long way from the neutral rate.” Additional comments If domestic demand remains weak, inflation could fall well below 2%. The ECB should move to neutral monetary policy stance, or even expansionary if necessary. Eurozone economic activity […]
The Japanese Yen continues losing ground amid the uncertainty over BoJ’s rate-hike plans. The recent intervention warnings and the risk-off mood do little to lend support to the JPY. An extension of the recent USD rally pushes the USD/JPY pair to a nearly three-month high. The Japanese Yen (JPY) remains on the back foot against […]
The Pound Sterling declines to a fresh two-month low against the US Dollar ahead of BoE Bailey’s speech. Bailey may reiterate a dovish stance on the interest-rate outlook, signaling that more interest-rate cuts are on the way. The US Dollar outlook remains upbeat as uncertainty increases ahead of the US presidential election. The Pound Sterling (GBP) […]
EUR/USD lost another one-third of one percent on Thursday. The ECB cut rates in-line with expectations, stripping support from underneath the Euro. US data blew the doors off market forecasts, further bolstering the Greenback. EUR/USD continues to backslide following the European Central Bank’s (ECB) quarter-point rate trim early Thursday. A lack of bullish momentum has […]
EUR/JPY drifts lower amid bets for another ECB interest rate cut later this Thursday. The BoJ uncertainty and a positive risk tone cap the JPY, lending support to EUR/JPY. Traders keenly await the ECB rate decision and cues about the further policy path. The EUR/JPY cross attracts fresh sellers during the Asian session on Thursday, […]
EUR/USD withered further on Wednesday, sagging below 1.0900. ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. Final EU inflation figures are unlikely to move the needle on Thursday. EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European Central Bank’s […]
Indonesia Bank Indonesia Rate meets expectations (6%) Source link
Bank of Japan (BoJ) board member Seiji Adachi said on Wednesday that “if inflation moves sustainably, stably around 2%, the BoJ can guide monetary policy in a way allowing for policy rate to move roughly in line with neutral rate.” Additional quotes If chance of underlying inflation exceeding 2% heightens, the BoJ will raise its policy rate […]
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Big interest rate moves are always a tricky business. Two weeks ago, the US central bankers may have hoped that by lowering the key interest rate corridor by 50 basis points, they would take the pressure off the table. But there is always the risk that a big interest rate move will only fuel expectations […]
EUR/USD climbed on reaction to first Fed rate cut since March of 2020. Fed delivers a surprise 50 bps rate cut out of the gate. Fed dot plot eases lower in September, unemployment forecast ticks slightly higher. EUR/USD soared into a fresh high for September after the Federal Reserve (Fed) surprised markets with a full 50 bps […]
USD/JPY ticks higher for the second straight day and draws support from a combination of factors. A downward revision of Japan’s GDP print and a positive risk tone undermines the safe-haven JPY. Reduced bets for a 50 bps Fed rate cut in September push the USD higher and further lend support. The USD/JPY pair turns […]
