USD/CAD softens to around 1.3835 in Wednesday’s early Asian session.Trump said he’ll have a Fed majority soon to push rates lower.Traders raise their bets that the BoC would deliver a rate reduction at the next policy decision. The USD/CAD … [Continue reading]
Dow Jones Industrial Average slows down on Tuesday
The Dow Jones stuck close to the middle on Tuesday, holding above 45,000.US Durable Goods Orders hit markets without so much as a splash.The latest round of key US inflation data looms large later this week.The Dow Jones Industrial Average (DJIA) … [Continue reading]
BoE’s Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside … [Continue reading]
Pound Sterling edges higher against US Dollar as Trump removes Fed’s Cook
The Pound Sterling ticks up to near 1.3460 against the US Dollar as US President Trump fires Fed Governor Cook.The removal of Fed’s Cook has dampened the central bank’s independence.Investors await BoE Mann’s speech for fresh cues on the monetary … [Continue reading]
USD/INR jumps to two-week high as US confirms Russian-linked tariffs on India
The Indian Rupee slides to an over two-week low of around 87.90 against the US Dollar.Indian exports to the US are set to face 50% tariffs from Wednesday.The removal of Fed’s Cook by US President Trump has dampened its independence.The Indian Rupee … [Continue reading]
US President Donald Trump says he is removing Fed Governor Cook — Reuters
US President Donald Trump said that he was removing Federal Reserve (Fed) Governor Lisa Cook from her position on the Fed's board of directors, Reuters reported on Tuesday. Trump announced in a letter to Cook that he posted on social … [Continue reading]
The Monetary Sentinel: No further easing, your honor
With G10 central banks largely quiet this week, the spotlight shifts to Hungary’s MNB and South Korea’s BoK. Both are expected to keep rates unchanged, though the BoK may soon be forced to ease as trade pressures weigh on domestic growth.Bank of … [Continue reading]
GBP/USD steady near 1.35 as Powell hints at Fed cut
GBP/USD consolidates as Powell highlights labor market risks, reinforcing September Fed rate cut speculation.Market pricing shows 93% probability of a September cut, according to Prime Market Terminal’s Fed tracker tool.UK inflation focus ahead with … [Continue reading]
EUR/USD: Likely to consolidate between 1.1665 and 1.1745 – UOB Group
Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. … [Continue reading]
Australian Dollar steadies as US Dollar trims recent gains
The Australian Dollar trims recent losses amid rising likelihood of a Fed rate cut in September.The Reserve Bank of Australia is expected to resume easing with a larger 50 basis-point rate cut in November.The CME FedWatch Tool indicates an 87% chance … [Continue reading]