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The Australian dollar was at a 10-month high against the greenback and set for the best week since April as soft U.S. data added to the case for several more rate cuts there, while bullish price signals pointed to further gains in the months ahead. The Aussie also scaled a seven-month high on the Japanese yen on Friday, and hit a three-month top on the euro and a 10-month peak on the Canadian dollar . Analysts said the Aussie also benefited from record-high stock prices, positive yield differentials as the Reserve Bank of Australia is set to go slowly on…
The RBI has stayed on the sidelines, with no visible intervention to support the currency | Photo Credit: PRAKASH SINGH The rupee hit an all-time low on Thursday, weighed down by demand for dollars from oil and defence companies for import payments, even as concerns over the US’s steep tariffs on Indian exports continue to rile market sentiments.The currency plunged to close at a record low of 88.4425 per US Dollar against previous close of 88.10, with the RBI reportedly not intervening in the market. It hit a record low of 88.36 last Friday.Amit Pabari, MD, CR Forex Advisors, observed…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereECB press conference key takeaways”Growth shows resilience of domestic demand.””GDP data reflects Q1 front-loading.””Investment should be underpinned by government spending.””Higher tariffs, stronger Euro, competition to hold growth back.””Headwinds on growth should fade next year.””Indicators of underlying inflation consistent with our 2% target.””Forward-looking indicators suggest that wage growth will moderate further.””Moderating wage growth to keep lid on domestic price pressures.””Core inflation to drop on declining labour cost…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Trade uncertainty has diminished.””All governments need to operate on basis of EU fiscal framework.””Minimal deviation from target will not necessarily justify movement.””Euro Area sovereign bond markets are orderly, functioning with smooth liquidity.” Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar.…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Disinflationary process is over.””We are still in a good place.””Inflation is where we want it to be.””Domestic economy is showing resilience.””We are not on predetermined path.””The decision was unanimous.” Source
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.Join our ECB Live Coverage hereKey quotes”Growth shows resilience of domestic demand.””GDP data reflects Q1 front-loading.””Investment should be underpinned by government spending.””Higher tariffs, stronger Euro, competition to hold growth back.””Headwinds on growth should fade next year.””Indicators of underlying inflation consistent with our 2% target.””Forward-looking indicators suggest that wage growth will moderate further.””Moderating wage growth to keep lid on domestic price pressures.””Core inflation to drop on declining labour cost pressures, stronger Euro.””Risks…
The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data. The ECB maintained its key policy rates, including the Main Refinancing Rate at 2.15% and the Deposit Facility Rate at 2.00%, aligning with market expectations. The accompanying statement emphasized that inflation is currently around the 2% target, while the outlook remains “broadly unchanged.”The ECB now sees core inflation at 2.4% in 2025, before easing to 1.9% in 2026 and 1.8% in 2027,…
The European Central Bank left interest rates unchanged Thursday, with inflation back under control, and the economy is weathering Trump’s tariff onslaught better than expected. The bank’s rate-setting council left its benchmark deposit rate unchanged at 2% at a meeting at its skyscraper headquarters in Frankfurt. Attention at the post-decision news conference will focus on what bank President Christine Lagarde will have to say about France’s fiscal crisis – and any possible role for the ECB in containing potential market turmoil that could erupt from the country’s out-of-control deficit and political logjam.The ECB is standing pat on interest rates even…
The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. Market participants are eagerly awaiting the US CPI report. Data on Wednesday revealed that US wholesale inflation eased by 0.1%. The USD/CAD outlook points to dollar strength ahead of the US consumer inflation report. The dollar regained some of its shine this week amid geopolitical tensions. However, Fed rate cut expectations rose after a poor wholesale inflation report. –Are you interested to learn more about Thailand forex brokers? Check our detailed guide- The dollar was on the front foot on Thursday as market participants eagerly awaited…
Crude oil prices also gained over the past few sessions, putting further pressure on the rupee | Photo Credit: FRANCIS MASCARENHAS The rupee slumped 36 paise and closed for the day at an all-time low of 88.47 (provisional) against the US dollar, as ongoing tariff issue between India and the US weighed heavily on the domestic currency’s vulnerability. Forex traders said a recovery in the US dollar ahead of the inflation data and foreign fund outflows further dented investors’ sentiments. Crude oil prices also gained over the past few sessions, putting further pressure on the rupee. Traders noted that the…