The Japanese yen recovered on Monday, but the prospect of the Bank of Japan keeping its ultra-loose monetary policy in January could limit any further gains.
Tag: interest rates
The Bank of Japan (BoJ) kept its dovish stance and left monetary policy unchanged. As a result, the USD/JPY pushed higher.
The USD has remained steady against its major rivals and financial markets are moderately quiet as investors await the release of the US inflation data.
The European Central Bank is releasing its interest rate decision today and markets anticipate the central bank to remain on hold.
EUR/USD currency pair remained strong despite the softer than expected German inflation data. The inflation data has been released by the Federal Statistical Office of Germany. The release is important as it will provide fresh insights on the Eurozone economy and affect the ECB’s policy. German inflation report Inflation in Germany, as measured by the…
After Monday’s uncertainty, markets remain volatile early Tuesday with investors being cautious ahead of this week’s key central bank meetings.
The pound fell as the Bank of England (BoE) Governor Andrew Bailey stressed that the interest rate hiking cycle was now close to an end.
The pound is vulnerable amidst elevated recession fears ahead of the Bank of England’s (BoE) next policy move on Thursday.
The South African Rand weakened early on Wednesday, as analysts expect that the Federal Reserve policy meeting later in the day could weaken it further.
In the City, investors and economists are now wondering whether the Bank of England (BoE) will become less aggressive.