Lebanon devalues official exchange rate by 90% By Reuters
2/2 © Reuters. A man counts Lebanese pound banknotes at a currency exchange shop in Beirut, Lebanon, January 5, 2022. REUTERS/Mohamed Azakir/Files 2/2 BEIRUT (Reuters) -Lebanon devalued its official exchange rate for the first time in 25 years on Wednesday, weakening it by 90% but still leaving the local currency well below its market value. […]
U.S. dollar slips against euro ahead of Fed rate decision 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 Joice Alves and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the […]
BNZ now expects the RBNZ cash rate to peak at 5% (vs. 5.5% prior forecast)
<p>BNZ still forecast a 50 rate hike on February 22 from the Reserve Bank of New Zealand.</p><p>The revision to the terminal rate comes after the jobs data earlier:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-jobs-report-for-q4-2022-unemployment-rate-34-expected-33-20230131/" rel="follow" target="_self" class="article-link vertical-align-baseline">New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)</a></li><li><a href="https://www.forexlive.com/news/nzdusd-drops-a-few-points-after-the-new-zealand-jobs-market-report-20230131/" rel="follow" target="_self" class="article-link">NZD/USD drops a few points after the New […]
Likely to emphasize it is still determined to reach the terminal rate projected in the dot plot – TDS
On Wednesday, the Federal Reserve will announce its decision on monetary policy with a 25 basis points hike already priced in. Analysts at TD Securities point out that the tone of the FOMC regarding growth and inflation and the guidance on future potential hikes could be what moves markets. Key quotes: “We expect the FOMC […]
EUR/USD Tests 1.0900 – ECB Rate Decision, Inflation and Growth Data Ahead
EUR/USD Price, Chart, and Analysis German Q4 GDP misses expectations and turns negative. EUR/USD is back above 1.0900 ahead of major data and events. Recommended by Nick Cawley Get Your Free EUR Forecast Most Read: EUR/USD Technical Outlook: Minor Setback on the Cards? German gross domestic product (GDP) turned negative in the fourth quarter of […]
GBPUSD Stuck As Both Fed, BoE Interest Rate Calls Loom
GBP/USD Prices, Charts, and Analysis The Bank of England is expected to add another 50 basis points to borrowing costs this week The US Federal Reserve may only add 25 But the Forex market will likely make sure before any big moves are made GBP/USD traders can look forward to interest rate decisions from both […]
PBOC sets USD/ CNY reference rate for today at 6.7626
<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead after the long Lunar New Year holiday break.</p><p>Mainland Chinese stockmarkets will reopen at the bottom of the hour. Hong Kong opened mid-last week and has rocketed higher. USD/CNY is the onshore yuan. Its permitted to trade plus or minus […]
PBOC is expected to set the USD/CNY reference rate at 6.7660 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Earlier:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/news/chinas-cabinet-said-it-will-promote-consumption-recovery-boost-imports-to-drive-economy-20230129/" rel="follow" target="_self" class="article-link">China's cabinet said it will promote consumption recovery, boost imports to drive economy</a></p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/weekend-china-to-extend-3-lending-tools-for-further-targeted-economic-support-20230129/" rel="follow" target="_self" class="article-link">China to extend 3 lending tools for further targeted economic support</a></p> This article was written by Eamonn Sheridan at www.forexlive.com. Source […]
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime to make sure that the market doesn’t get the idea that rate increases are finished, economists said. “Despite the good news on inflation and being one step closer to done, […]
A Break Decided Between Rate Forecasts and Risk Trends
USDJPY, Rate Forecasts and Volatility Talking Points: The Market Perspective: USDJPY Bullish Above 132 USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than later Carry trade appetite is still a strong influence on USDJPY; but with a FOMC […]