The week that wasThe US Dollar (USD) spent much of the week on the back foot, retreating from last week’s highs and leaving the US Dollar Index (DXY) with a softer tone. That said, the index found some support around the 98.00 area but stayed stuck … [Continue reading]
BoE’s Greene: We should not cut rates every quarter, but rate-cutting cycle not over
Bank of England (BoE) MPC member Megan Greene spoke about inflation dynamics, the global rate path, and risks in currency markets at the annual meetings of the International Monetary Fund and World Bank Group, hosted by the Atlantic Council in … [Continue reading]
Canada Foreign Portfolio Investment in Canadian Securities above forecasts ($11.61B) in August: Actual ($25.92B)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Pound Sterling extends winning streak against US Dollar
The Pound Sterling (GBP) extends its winning streak against the US Dollar (USD) for the third trading day on Friday. The GBP/USD pair jumps to near 1.3470 during the European session as the US Dollar underperforms its peers due to trade frictions … [Continue reading]
EUR/USD moves above 1.1700 as France’s government survives a no-confidence vote
EUR/USD extends its gains for the fourth consecutive session, trading around 1.1710 during the Asian hours on Friday. The pair appreciates as the Euro (EUR) receives support after France’s government survived a no-confidence vote, as Prime Minister … [Continue reading]
ECB’s Scicluna: Central bank mustn’t rush further rate cuts
European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said late Thursday that the central bank must not rush further interest-rate cuts.Key quotesECB mustn’t rush further interest-rate cuts.The effects … [Continue reading]
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431, rebounding after briefly falling to a two-and-a-half-month low on … [Continue reading]
Fed’s Miran:Fed officials must treat all governmentt policies equally, not only highlighting tariffs
Federal Reserve Stephen Miran spoke at the Institute of International Finance Annual Membership Meeting in Washington, DC. He stated that regulation is a significant driver of the supply side of the economy, and other economists underappreciate the … [Continue reading]
Pound Sterling outperforms its peers as UK GDP returns to growth
The Pound Sterling (GBP) gains against its major peers on Thursday after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data for August. The Office for National Statistics (ONS) reported that the economy grew … [Continue reading]
ECB’s Dolenc: Inflation risks are balanced around the baseline scenario
European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Thursday that the central bank should hold interest rates steady unless new shocks hit. Dolenc pushed back on arguments that inflation could … [Continue reading]