US dollar slumps as meager US data fuel interest rate speculations
Wednesday’s disappointing US economic data result in a dollar selloff, indicating a shift in investors’ expectations about the timing of the Fed interest rate hikes. The EUR/USD rallied to a three-week high, More...
The Fed indicate dollar firmness and global economic slowdown as threats to US recovery
The Federal Reserve minutes released on Wednesday show central bankers’ anxiety about the strong US dollar and the global economic slowdown. The minutes released of the Federal Reserve’s last policy meeting, More...
G-20 warns of growing financial market risks
G-20 finance bosses and central bankers lay the focus on possible soaring of financial market risks due to low interest rates, uneven economic growth and increased dependence on monetary stimulus. According to More...
Factors impacting major currencies explained: Part 3, the British pound
Bank of England The Bank of England (BoE) is operationally independent with respect to establishing monetary policy, with the aim of attaining price stability together with supporting the government goals regarding More...
Fed reassures it is sticking to zero rates, but projections point to steeper rate hikes
On Wednesday the Fed assured it is pursuing very low interest-rate policy for “considerable time”, but the new projections give a clue of more aggressive rate hikes to come. The Fed announced once again on More...
US labor market stalls in August
The stall in the US labor market in August, with the fewest workers hired in the last eight months, can add to the reasons for the Fed to stave off raising interest rates. The US labor market stalled in August, More...
AUD/USD steady as RBA keeps rates unchanged and describes Aussie as overvalued
The Reserve Bank of Australia kept interest rates at 2.5 percent and commented on the strength of the national currency, which has remained stubbornly high despite declining commodity prices. The Reserve Bank of More...
Factors impacting major currencies explained: Part 1, the EURO
The eurozone comprises 18 countries, which have adopted the euro as their national currency: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the More...
The British pound hammered by UK inflation slowdown exceeding economists’ forecasts
UK inflation slowdown last month surpassed estimates, leaving room for the Bank of England to keep interest rates at record lows for some more time. The slowdown in UK inflation exceeded economists’ forecasts More...
The British pound ticks up on renewed speculations on a rate hike
Bank of England’s Governor, Mark Carney, fueled bets on GBP strength by stating that the British economy is “much more than halfway” to full recovery. The pound commenced this week with a slight bounce against More...
