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Rabobank analysts expects the ECB to maintain the deposit rate at 2.00% through 2026, with two rate hikes anticipated in March and June 2027. Analysts notes that while the Euro’s appreciation may prompt verbal intervention, it believes the currency can rise further before necessitating any policy changes.ECB policy outlook and Euro performance”We expect the ECB to leave the deposit rate unchanged at 2.00%.””The burden of proof for any cut or hike is very high. We see the ECB on hold through 2026.””The euro’s gains may draw some verbal intervention, but we believe the currency can appreciate quite a bit further…

GBP/USD trades around 1.3760 on Friday at the time of writing, retreating 0.30% on the day as the US Dollar (USD) regains some traction. The Greenback finds support after reports that the US Senate has advanced a spending agreement aimed at avoiding a federal government shutdown, easing recent political uncertainty.The US Dollar strengthens after US President Donald Trump and Senate Democrats reached a compromise that would allow funding legislation to move forward. This development reduces near-term fiscal risks and provides modest relief to the US Dollar, which had been under pressure in recent sessions.In addition, investors remain attentive to reports…

The rupee on Friday hit its record low of 92.02 before ending a tad higher at 91.97 against the US dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 91.89 and gained ground, touching 91.82 against the greenback during intraday trade. The currency touched its lowest-ever level of 92.02 before ending the session at 91.97 against the dollar, registering a gain of just 2 paise form previous closing level. On Thursday,…

The German/Eurozone Q4 GDP OverviewThe Federal Statistics Office of Germany is set to release preliminary Q4 Gross Domestic Product (GDP) data for Germany at 09:00 GMT, and Eurostat will likely report flash Eurozone GDP figures for the same period at 10:00 GMT on Friday.Germany’s preliminary GDP is forecast to grow 0.2% quarter-over-quarter (QoQ) in the fourth quarter, after stagnating in the prior quarter. Meanwhile, the economic growth is expected to hold steady at 0.3% Year-over-year (YoY) in Q4.Meanwhile, seasonally adjusted flash Eurozone GDP is projected to rise 0.2% QoQ in Q4, easing from 0.3% previously, while annual growth is seen…

USD/JPY price analysis tilts to the upside as the dollar recovers on the Fed hold and the US Senate approval to avoid a shutdown. BoJ remains highly accommodative, keeping the yield differential unattractive for yen buyers. FX intervention warnings keep yen losses in check. USD/JPY is consolidating after recent gains. The pair remains supported by yield differentials. US Treasury yields remain higher than those on Japanese government bonds. This keeps carry trades attractive. Markets have scaled back aggressive expectations of Fed rate cuts. Stronger-than-expected US data and sticky services inflation have delayed the timing of meaningful easing. Futures now imply…

The continued fall of the Indian Rupee against the US Dollar is mainly driven by persistent capital outflows, with upcoming developments such as the Union Budget and news related to US tariffs emerging as key factors to watch, currency experts said as the Rupee slipped close to the 92 level.Reacting to the recent movement in the domestic expert, told ANI that the Rupee opened on Friday morning at 91.91/92 and continued to trade around the same levels. The Rupee had briefly touched 92.00 a day earlier but recovered following reports of intervention by the Reserve Bank of India (RBI).K N…

The rupee recovered from its lowest level and gained 9 paise to trade at 91.90 against the American currency in early deals on Friday, supported by lower crude oil prices in the international market. According to forex traders, a sharp recovery in the Indian currency was capped by a strong greenback and withdrawal of foreign funds from domestic equity markets. At the interbank foreign exchange, the rupee opened at 91.89 and strengthened up to 91.87 against the greenback before trading at 91.90 in initial deals, up 9 paisa from its previous closing level. The rupee ended on a flat note…

West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium.Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never before” in reaction to fresh threats from US President Donald Trump, who urged Tehran to enter nuclear talks. Iran cautioned that it would retaliate if provoked.Tensions intensified further after the European Union designated Iran’s Islamic Revolutionary Guard Corps as a terrorist organization. Adding to the strain,…

The headline Tokyo Consumer Price Index (CPI) for January rose 1.5% YoY as compared to 2.0% in the previous month, the Statistics Bureau of Japan showed on Friday.Additionally, Tokyo CPI ex Fresh Food climbed 2.0% YoY in January against 2.2% expected and 2.3% in the prior month. The Tokyo CPI ex Fresh Food, Energy rose 2.0% YoY in January, compared to the previous reading of 2.3%, below than market consensus of 2.2%. USD/JPY reaction to the Tokyo Consumer Price Index dataAs of writing, the USD/JPY pair is down 0.17% on the day at 153.12. Japanese Yen Price Today The table below shows the percentage change…

Commerzbank’s report by Dr. Christoph Balz discusses the Federal Reserve’s decision to leave interest rates unchanged after three consecutive cuts. The Fed’s current target range remains at 3.50%-3.75%, reflecting a more favorable view of the economic situation, particularly the labor market. The report suggests that the Fed is not expected to make further cuts unless economic data weakens significantly.Fed maintains interest rates amid economic stability”The Fed is in no hurry to make further interest rate cuts, as the economic situation and, in particular, the labor market are now viewed more favorably.””Even though, according to Powell, interest rate hikes are not…