The Bangko Sentral ng Pilipinas (BSP) is expected to raise its policy rate by 25 basis points (bps) in the coming weeks, according to UOB Group Economist Lee Sue Ann. The anticipated move comes as the central bank tries to control rising inflation and a revised timeline for the US.
The Bank of England (BoE) is set to announce its decision on interest rates on Thursday, and economists at Commerzbank have warned that if the central bank decides to pause its rate hike cycle, Sterling may suffer. Commerzbank economists believe that the BoE’s decision will be crucial in determining the.
Economists at Credit Suisse have a positive outlook for the Chinese yuan, despite the challenges facing China’s economy. They predict that the yuan will continue to be supported by growth-friendly policies and recent measures taken by the Chinese government to boost economic growth. According to Credit Suisse, the yuan is.
The US dollar is trading near five-week lows in early European trade, as investors await the latest Federal Reserve interest rate decision. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.825 at 03:55 ET (07:55 GMT), just above a new.
Lebanon’s central bank has announced that it will begin selling unlimited amounts of US dollars in response to the devaluation of the Lebanese pound. The move comes after the pound’s parallel market rate weakened from roughly 121,000 to the US dollar on Tuesday morning to 140,000 by the afternoon, leading.
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.
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 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.
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 US dollar experienced a slight uptick in early European trade on Tuesday, but remained unable to move much higher than recent five-week lows as the Federal Reserve prepares to begin its latest policy-setting meeting. This follows a period of volatility that saw the dollar fall to its lowest point.
The EUR/JPY currency pair has extended its downtrend to fresh lows in the sub-139.00 zone, signaling further losses for the cross. The bearish trend, which started in early March 2023, has continued to be driven by a range of factors, including the ongoing COVID-19 pandemic and the strength of the.
The Bank of England (BoE) recently announced its expectations of a significant decrease in inflation rates, which are currently in double digits. However, this prediction is yet to be reflected in the economic data. As a result, economists at Commerzbank forecast potential struggles for the British Pound (GBP). Commerzbank expects.