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The pair accelerated its demise after soft US jobs report boosted calls for aggressive fed cuts and the BoJ stepped up its tightening efforts, but rebounds today on dovish BoJ commentary
The pair trades with caution against a volatile monetary policy backdrop, following last week’s apprehensive ECB and ahead of US inflation update
FXCM’s USDOLLAR basket has dropped over 1.13% this month, hitting its lowest levels since March. This decline is primarily due to continued dollar selling following recent disinflationary US price data and coinciding with a decline in the US 10-year real rate to below 2%. Federal Reserve member Christopher Waller indicated that softer US price data has paved the way for potential rate cuts, suggesting a bumpy path ahead. A significant…
The pair registered a sharp fall on Thursday following cooler US inflation, in a move that that has markets guessing if Japanese authorities intervened again
The central bank of New Zealand stayed on the sidelines again today, but its messaging was more dovish compared to the previous meeting, raising chances of rate cuts within the year
The pair extended its relentless rally to the highest since 1986 as the Fed is hesitant to slash rates and the BoJ is moving slowly to less easy stance, but risk of FX intervention rises
The pair jumped as chances of an RBA rate hike are boosted, after inflation hit six-month highs
The pair continues its surge towards the April multi-decade peak as the Fed’s reluctance to cut helps the greenback, while the BoJ moves slowly away from the easy stance and today’s mixed inflation data don’t help bolder action
The pair reacted higher after the Swiss National Bank (SNB) slashed rates for second straight time, whereas the Fed is reluctant to pivot
The Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 1.25%, amid mixed global monetary policy stances. Two-thirds of economists predicted this move, leading to a weakened Swiss franc, with the Euro up 0.5% and the US dollar rising 0.7%. The SNB forecasts inflation at 1.3% for 2024, 1.1% for 2025, and 1.0% for 2026, with economic growth projected at 1% this year and 1.5%…
The pair is subdued this week as poor US retail sales boost hopes for two Fed rate cuts this year, but monetary policy differential remains favorable
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