Interest Rates — News Archive

    Archives

Chinese Yuan Jumps on Surprising Manufacturing Growth in March

The Chinese yuan is rallying against many currency competitors on Tuesday as the world’s second-largest economy surprised global financial markets by reporting manufacturing growth in March. The yuan is also benefiting from additional easing efforts by the People’s Bank of China (PBoC).

Canadian Dollar Weakens As BoC Imposes Emergency Interest Rate Cut

The Canadian dollar is weakening against many currency rivals to finish out the trading week. Following a week of modest gains, the loonie is falling on the central bank announcing an emergency cut to interest rates as the economy gets battered by coronavirus outbreak and tumbling energy prices.

Chinese Yuan Weakens As PBoC Mulls Additional Monetary Stimulus

The Chinese yuan is weakening against most major currency rivals midweek as reports suggest that the People’s Bank of China (PBoC) is considering a reduction in interest rates that financial institutions are required to pay depositors. Analysts are still bearish on the world’s second-largest economy, warning of double-digit economic contraction in the first quarter of 2020. Will the central bank implement more monetary stimulus measures?

Swiss Franc Extends Fall Against US Dollar on SNB Interventions

The Swiss franc is slumping on Tuesday as the central bank continues to intervene in foreign exchange markets and control the value of the currency. Despite being a conventional safe-haven asset for global investors, the franc’s appeal might diminish as the nation potentially slips into a recession.

NZ Dollar Drops After RBNZ Announces QE Program

The New Zealand dollar dropped today after the Reserve Bank of New Zealand made a surprise announcement of a quantitative easing program. Currently, the kiwi has trimmed its losses but is still trading below the opening level against its most-traded counterparts, with the exception of the Australian dollar. The Aussie was dragged down by bond purchases under the quantitative easing program of its own central bank.

Pound Remains Under Pressure Despite Bank of England Rate Cut

The Sterling pound today had a muted reaction to an emergency rate cut by the Bank of England after the close of the London markets. The GBP/USD spiked higher briefly before heading lower as the greenback posted gains due to high demand.

Aussie Attempts to Recover After Plunging to Lowest in Decade

The Australian dollar plunged to the lowest level in more than a decade against a range of currencies today but now is trying to recover. As was expected, the Reserve Bank of Australia announced additional monetary stimulus. Meanwhile, employment data showed surprisingly good results.

Japanese Yen Mixed on Tepid Data, Bearish Business Confidence

The Japanese yen is trading mixed on foreign exchange markets on Tuesday as recent economic data pointed to tepid conditions, diminishing overall business confidence. With the coronavirus crippling the world’s third-largest economy, policymakers are discussing a lot of ways to spur growth, including targeting the national sales tax.

AUD Extends Drop After RBA Policy Minutes, Poor Economic Data

The Australian dollar attempted to rally today after the release of monetary policy minutes from the Australian central bank and domestic macroeconomic data but failed and continued its crash to new multi-year lows. The outlook for another interest rate cut was not helping the Aussie either.

Canadian Dollar Crashes As Trudeau Shuts Down Border Over COVID-19

The Canadian dollar is crashing against most currency rivals on Monday after the federal government announced that it would shut down the border to non-Canadian citizens. Anyone who is showing symptoms of Covid-19 will not be permitted to enter the country. This was Prime Minister Justin Trudeau’s first major policy response to the virus outbreak, and he confirmed that more fiscal announcements will be coming this […]

Navigation

Menu