The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower near 100.15 in the Asian trading session on Monday after retracing from its intraday high of 100.35. Still, the USD Index is close to its two-week high. US Dollar Price Last 7 Days The table below shows the percentage change of US…
China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the…
The Bank of Japan (BoJ) published its Summary of Opinions of the March monetary policy meeting, with the key takeaways found below. One member said appropriate to continue raising interest rates if economic, price forecasts materialise. One member said monetary condition remain accommodative even after past rate hikes. One member said the BoJ can keep rates steady this time…
BdF’s Villeroy says ECB ready to act, but too early to discuss timing of any rate hike European Central Bank’s François Villeroy says policymakers are ready to act if energy-driven inflation broadens. Emphasises it is too early to discuss timing of any rate hike despite rising market expectations. Iran war-driven energy shock is seen as inflationary near term, but…
Thursday‘s unilateral ceasefire into the close annoncement causing S&P 500 to rip, and how much time it bought? That announcement level was broken even before European session, and it was downhill pretty much since. Tech though maintained stronger posture than S&P 500 during the first two hours of the regular session before catching up more to the downside –…
Mon: German Prelim. CPI (Mar) Tue: RBA Minutes (Mar), Chinese NBS Manufacturing PMI (Mar), French CPI Prelim (Mar), EZ CPI Flash (Mar), BoJ Tankan Survey (Q1) Wed: BoC Minutes (Mar), CBR Minutes (Mar), Chinese RatingDog Manufacturing PMI (Mar), Global Manufacturing PMI Finals (Mar), EZ Unemployment Rate (Feb), US ADP Employment Change (Mar), US Retail Sales (Feb), US ISM Manufacturing…
ING’s Deepali Bhargava warns that higher Oil prices and supply disruptions are worsening growth, inflation and external balances in the Philippines. The report highlights rising odds of a Bangko Sentral ng Pilipinas (BSP) rate hike as inflation breaches target, but stresses that tighter policy alone is unlikely to change the Philippine Peso’s trajectory against the Dollar in coming months….
Technology takes a hit, energy and consumer staples show strength The US stock market today presented a dynamic landscape, characterized by significant shifts across various sectors. Notably, the technology sector faced headwinds, while energy and consumer staples showed resilience in the turbulent market conditions. 📉 Technology Sector: Facing Challenges Today’s market heatmap reveals widespread declines in the technology sector….
NZD/USD falls for the fourth consecutive day and trades around 0.5750 on Friday, down 0.17% at the time of writing, pressured by renewed risk aversion and the resilience of the US Dollar (USD). The New Zealand Dollar (NZD) faces headwinds from a tense global backdrop marked by escalating geopolitical risks in the Middle East. US President Donald Trump’s decision…
Last week’s price action was driven almost entirely by the US-Iran conflict — if you missed it, catch the full recap here. The short version: a Trump social media post about “productive talks” triggered a sharp Monday reversal, Iran denied everything, and markets spent the rest of the week repricing higher on geopolitical safe-haven demand and a string of…
