Big move for dollar not a given for next three months: Reuters Poll By Reuters
© Reuters. FILE PHOTO: A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron//File Photo By Hari Kishan BENGALURU (Reuters) – The dollar’s recent comeback may not be indicative of a new broad trend, with FX strategists in a Reuters poll split on […]
FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
The Financial Industry Regulatory Authority (FINRA) has slammed another fine on New York-based securities broker, UBS Securities (UBS-S). This time the self-regulatory organization hit the firm, which is the brokerage arm of Swiss banking group, UBS, with a censure order and fine of $475,000 for publishing “inaccurate” monthly statistics on execution Execution Execution is the […]
USD/JPY set to decline toward 125 over the coming months – Danske Bank
The Yen saw a boost from the BoJ initiating the beginning of the end to its Yield-Curve-Control. Economists at Danske Bank expect the USD/JPY pair to edge lower towards the 125 over the coming months. Tightening cycle commencing “Japanese monetary policy has taken over as a key driver of USD/JPY, while global inflation, bond yields […]
UK Chancellor Hunt wants to extend fuel duty cut by 12 months
Jeremey Hunt is the UK finance minister (Chancellor of The Exchequer). UK media (The Times) report Hunt wants an extension to the 5 pence cut in the price of petrol and diesel for another year in his spring budget. the Times says he Hunt is also facing pressure to freeze fuel duty for another year. […]
USD/JPY extends fall to lowest in over seven months
<p style="" class="text-align-justify">As mentioned earlier <a href="https://www.forexlive.com/news/dollar-faces-added-pressure-after-yesterdays-cpi-data-20230113/" target="_blank" rel="follow">here</a>, the pressure is very much on the dollar right now as the technicals are starting to favour a more downside push for the pair. The break below 130.00 yesterday vindicates the downside momentum from the latter stages of last year, with there being little in the […]