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...
Turkish lira bounced back from its multi-month lows after President Tayyip Erdogan’s statements on Monday, which paved the way for the de-escalation of a diplomatic crisis. Earlier, Erdogan had ...
Argentina’s informal peso rate weakened 2.05% to 195 per dollar on Friday. The country risk has widened 19 basis points to an all-time high of 1,672 as inflation soars ahead of November’s congre...
USD gained on Thursday slightly to 93.76 against a basket of currencies but quickly fell to 93.713 at press time. The temporary strength was due to the promising job and housing data. Data showed that...