Earlier in the day, RBNZ hiked its interest rate to 0.75% and raised its long-term cash rate projection by 50 bps as it handed down its policy decision. After the press release, NZD immediately fell a...
On Monday in the US, President Biden reappointed Powell as the Fed Chair and Lael Brainard as the vice-chair. The news initially buoyed Wall Street but quickly markets began to price in an earlier-tha...
The China Foreign Exchange Committee — founded under guidance from the central bank – recently urged banks to limit speculative FX trading. CNY has climbed to its 6-year high versus USD, and it ...
According to the latest ADP data, Canada added 39,400 jobs in October. This was the third consecutive monthly gain. The increase primarily came from the transportation, trading, utilities, and constru...
Lira dropped for seven days in a row, losing 1.3% against USD and extending its monthly decline to nearly 9%. It has been the worst-performing currency in emerging markets. Economists predict the Turk...
No surprises came out from RBA’s latest minutes. Policymakers indicated that the current scale of QE was appropriate and was in no rush to taper. Moreover, the rate has been kept at 0.10% until wage a...
Asian shares jumped to a 2.5-week high as investors cheered a milestone in the US-China relationship. As Biden and Xi held the virtual meeting, the strong optimism pushed up CNH to its 5-month high ag...
USD is slightly down today, but it nevertheless trades around its nearly 16-month high. Currently, the DXY Index is still above 95, trading at 95.023, down about 0.11%. The upward momentum from the hi...
USD is heading for its best-performing week in five months against its major counterparts. Investors are betting for earlier interest rate hikes after this week’s inflation data. After all, the latest...
USD hit its annual high so far against GBP and EUR early Thursday morning in Asia. According to the latest news, US inflation has jumped to its highest point since 1990. On a monthly basis, CPI rose b...