Mexico peso to pare recent gains but be kept firm by tight policy: Reuters poll By Reuters
© Reuters. Three twenty pesos coins are seen, as Mexico’s Central Bank (Banco de Mexico) puts into circulation a twenty pesos coin which commemorates the 100th anniversary of the arrival of the Mennonites to the country, in this picture illustration taken August 9, By Gabriel Burin BUENOS AIRES (Reuters) – Mexico’s peso is set to […]
Japan’s Nikkei says the next BOJ Governor will be tasked with normalizing policy
From Japan’s Nikkei in an article saying that: Japan’s government has approached Bank of Japan Deputy Gov. Masayoshi Amamiya as a possible successor to central bank chief Haruhiko Kuroda, people familiar with the matter said, The article adds: The next BOJ chief will be tasked with charting a path to normal monetary policy after the […]
Fed’s Daly: The number was a “wow” number. The December Fed policy is a good indicator.
Fed’s Daly on FoxBusiness At the end of the day, nothing new. However, we do know that between yesterday and today, the Fed may not have a higher terminal rate, but they will also not stop tightening or reverse course for an extended time. The next meeting is on March 21. There will be another […]
Declines towards 127.00 amid less-hawkish Fed policy
USD/JPY is demonstrating a less-confident pullback move as the risk profile is extremely positive. A bear cross, represented by the 20-and 50-period EMAs around 130.00, adds to the downside filters. The RSI (14) has shifted into the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered. The USD/JPY pair has rebounded […]
Time to pause and assess whether policy is sufficiently restrictive
Following the Bank of Canada’s decision to raise the policy rate by 25 basis points to 4.5%, Bank of Canada (BoC) Governor Tiff Macklem delivers his remarks on the policy outlook and responds to questions. Key takeaways “Bank of Canada has raised rates rapidly, now it’s time to pause and assess whether monetary policy is sufficiently […]
USD/CAD struggles to extend recovery above 1.3380 ahead of BoC policy
USD/CAD is facing stiff resistance in surpassing the 1.3380 hurdle as the focus shifts to BoC policy. BoC Governor is expected to hike interest rates further by 25 bps to 4.5%. A sell-off in S&P500 futures is portraying caution in the market mood. The USD/CAD pair is facing barricades in paddling above the immediate resistance […]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s economic recovery. The USD/CAD pair has dropped to near 1.3367 gradually […]
Bank of Japan – Minutes of the Monetary policy Meeting on December 19 and 20, 2022
The decision to expand the tolerance for the 10-year JGB yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which […]
Dollar ends up vs yen, as super easy BOJ policy seems here for a while By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Profit taking dampened a dollar surge against the yen on Friday, but the buck ended higher and still logged the biggest weekly gain since early December, […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]