The AUD/USD may experience further downside as investors lose confidence in the Reserve Bank of Australia’s (RBA) ability to control stubborn inflation. While the RBA has acknowledged concerns about the volatility of monthly Consumer Price Index (CPI), investors are not convinced that their response is adequate to contain the consequences.
Introduction Statistics Canada is set to release consumer inflation figures for February, which will impact the Bank of Canada’s (BoC) Core CPI and the USD/CAD pair. The expected rise in the headline CPI and the projected deceleration of the yearly rate could impact the Canadian Dollar, particularly after the BoC.
Introduction The Philippine central bank is expected to raise its main interest rate by 25 basis points on Thursday, followed by another hike in the next quarter, according to a Reuters poll. This move comes after a 50 basis point increase in February, bringing the total to 400 basis points.
Introduction The USD/JPY currency pair has been experiencing a volatile market as buyers and sellers fight for control. After experiencing two consecutive days of losses, the currency pair has picked up momentum and is testing a key resistance level. In this article, we will discuss the current market status.
Alan Ruskin, chief international strategist at Deutsche Bank AG, has warned that the Federal Reserve’s decision to inject US dollar liquidity into the monetary system is a clear negative for the currency. In a coordinated effort with five other central banks, the Fed announced the move on Sunday to ease.
The GBP/USD pair had been on a winning streak, but that came to an end as the currency pair faced pressure from a modest USD bounce. The recent recovery in US bond yields is seen as a key factor benefiting the greenback. While bets for a less hawkish Fed and.
The Swiss National Bank (SNB) sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies interventions last year, according to the central bank’s annual report published on Tuesday. This is a reversal from the previous year, in which the SNB bought 21.1 billion francs. The SNB has regularly confirmed.
Natural gas prices have been trending downwards in recent days, with fears of reduced energy demand from Asia and a mild winter in Europe weighing heavily on the market. The price of natural gas has declined for two consecutive days, and it is currently trading at a lower level. This.
U.S. stocks jumped on Monday following news of a deal to rescue Credit Suisse and central bank efforts to boost confidence in the financial system. The market also considered the possibility of the Federal Reserve pausing its rate hikes this week. Late on Sunday, UBS agreed to buy rival Credit.
Introduction The EUR/USD currency pair has been experiencing a volatile market as buyers and sellers fight for control. While the Euro buyers had a good run, the sellers are now pushing back, leading to a mild decline. In this article, we will discuss the current market status of EUR/USD and.
UBS has agreed to buy Credit Suisse in a shotgun merger, a move engineered by Swiss authorities. The acquisition will cost UBS $3.23 billion and assume up to $5.4 billion in losses. The deal comes as Credit Suisse is facing multiple legal and financial problems, including its involvement in the.
The United States is increasingly becoming a major player in the global crude oil trade, as record exports to Europe and China this month show. This growth is solidifying the United States’ role in supplying Europe with crude oil, following Russia’s invasion of Ukraine. While Occidental and BP declined to.