Monetary Policy — News Archive


Aussie Drops Intraday, Reverses Decline Sharply

The Australian dollar dropped intraday during the current trading session but has started a rebound at 10:45 GMT and managed to erase its losses against most of its rivals by now, with the notable exception of the US dollar.

Japanese Yen Loses Intraday Gains

The Japanese yen gained during the Asian trading session but has lost its gains by the start of the European session and is trading below the opening level now.

EUR/USD Plummets on Draghi Speech After ECB Rate Decision

The EUR/USD currency pair today plummeted to new lows following comments made by Mario Draghi regarding weak inflation in the euro area. The currency pair retraced all the gains it had made after the European Central Bank left its monetary policy intact at today’s meeting.

Japanese Yen Touches Highest Since November 2016 vs. US Dollar

The Japanese yen rallied against its most-traded rivals today, touching the highest level since November 2016 versus the US dollar, thanks to the outlook for monetary policy normalization, positive macroeconomic data, and the general risk averse sentiment on the Forex market.

Great Britain Pound Vulnerable Ahead of BoE Meeting on Thursday

The Great Britain pound was soft on Wednesday as traders were nervous ahead of the Bank of England policy meeting on Thursday. The currency fell against such rivals as the US dollar and the Japanese yen but managed to gain on its European peers, including the euro and the Swiss franc.

NZ Dollar Gets Boost from Employment Data, Struggles to Keep Gains

The New Zealand dollar climbed at the start of the current trading session following the release of surprisingly good employment data at the end of the previous session. But the currency has trimmed its gains against some rivals and lost them against others by now.

Euro Rallies Higher Against US Dollar on Mario Draghi Speech

The euro today rallied to new 3-year highs against the US dollar after the European Central Bank left interest rates unchanged. The single currency initially headed lower after the ECB rate decision, but rallied to new highs after Mario Draghi‘s speech at the ECB’s press conference in Frankfurt.

USD Slumps as Mnuchin Talks About Benefits of Weaker Currency

The US dollar slumped against all other major currencies today following the remarks from US Treasury Secretary Steven Mnuchin, who talked about benefits of weaker currency.

Euro Rallies Higher on ECB Minutes and Weak US Data

The euro today rallied to new highs against the US dollar after the European Central Bank released the minutes of its last meeting. The single currency rallied much higher during the early North American session after the release of weak US macro data.

US Dollar Starts 2018 with Extreme Weakness

The US dollar started 2018 extremely week, extending the trend from 2017 and falling against all of its major rivals.