Dollar edges lower, while yen slumps after BOJ’s surprise inaction By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, with the focus mainly on the falling Japanese yen after the Bank of Japan maintained its accommodative stance, bucking expectations for a hawkish policy shift. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
Dovish surprise in US retail sales leaves little to salvage dollar bulls
The Bank of Japan dismissed market rumors about further adjustments in the yield curve control and left the policy unchanged today, disappointing recent yen buyers. The Bloomberg report released yesterday about the ECB plans to execute more caution in the rest of the tightening cycle caused brief market embarrassment sending EURUSD to 1.08 and below, […]
BOJ Interest Rate Decision: Another Surprise?
Yen pairs have been extraordinarily active these last couple of days. Implied volatility in the USDJPY rose to a six-month high. There is a lot of apprehension about what might happen at the BOJ’s interest rate decision overnight. Which is funny, because the consensus among economists and analysts is that there won’t be any change […]
GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
GBP/USD Price, Analysis, and Charts The Pound gained on the Dollar as did many other currencies Friday Relaxing US inflation has buoyed hopes that rate hikes could end soon UK Growth beat expectations, but expectations were pretty low Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the US Dollar on […]