Last week, GBP suffered a straight week of loss after the Bank of England confounded market expectations by keeping its benchmark rate on hold. Ahead of the meeting on Nov.4, economists and traders ha...
USD made a steady start to the week today but stayed below Friday peaks. Last Friday, data showed stronger U.S. job growth than expected in October. USD jumped on Friday to hit its highest level in mo...
USD seems to be on course for a second straight week of gains today, as investors await the latest non-farm payrolls which are due later in the day. Economists have forecasted 450k jobs to have been a...
USD eased on Wednesday after the Fed said it would begin unwinding its pandemic stimulus. But Fed still held to its belief that high inflation was only transitory and likely did not require an interes...
USD was slightly down on Wednesday morning in Asia but is still hovering around its annual peaks against EUR and JPY. Later in the day, the Fed will hand over its policy decision and is widely expecte...
The Reserve Bank of Australia has decided to keep its November interest rate unchanged at 0.1%. The decision was based on the evidence that the central bank has failed to defend its yield target. AUDU...
USD approached a 1.5-week-high against JPY after Japanese Prime Minister Fumio Kishida’s ruling Liberal Democratic Party held its strong majority in Sunday’s parliamentary election in a su...
EUR jumped to its one-month high against USD after ECB hinted that rising inflation could force it to raise interest rates as soon as next year. During its latest meeting, ECB left the interest rates ...
After its policy meeting today, the Bank of Canada has decided to take a step further and end quantitative easing. It is now moving into the reinvestment phase, during which it will purchase Governmen...
Shanghai has launched a trial to eliminate the hidden government debt, in order to clean up off-balance-sheet risks. Shanghai’s decision came two weeks after Guangdong province, the manufacturing powe...