Monetary Policy — News Archive

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Swiss Franc Strongest on Forex Market During Friday’s Trading

The Swiss franc was extremely strong today, beating all of its most-traded rivals. That is surprising, considering that Switzerland’s economic calendar is empty today, and the currency had no factors to facilitate such good performance. Yesterday, the nation’s central bank made its policy announcement.

Japanese Yen Remains Soft After BoJ, Trade Balance

The Japanese yen remained broadly weaker against its most-traded rivals. While domestic releases were unfavorable to the currency, the major reason for the yen’s weakness was the market sentiment that favored riskier currencies, not safer ones.

No Demand for Safe Haven, Yen Retreats Ahead of BoJ Meeting

The Japanese yen was weak today ahead of tomorrow’s policy meeting as markets largely ignored escalating trade tensions between the United States and China, lowering demand for the currency as a safe haven.

Aussie Bounces After Initial Decline Caused by RBA Minutes & Economic Data

The Australian dollar dipped initially today following the release of central bank’s monetary policy minutes and poor macroeconomic data. Yet the currency has bounced by now after markets had calmed, largely ignoring US tariffs on Chinese goods.

Euro Rallies Higher on Weak US CPI Data Amid Dovish ECB Rate Decision

The euro today rallied higher against the US dollar in the early American session following the release of disappointing US inflation data. The EUR/USD currency pair barely reacted when the European Central Bank announced its interest rate decision earlier today, which was in line with expectations.

NZ Dollar Mixed After Macroeconomic Data & Ahead of RBNZ

The New Zealand dollar was mixed today after decent macroeconomic data and ahead of the central bank’s monetary policy meeting.

Turkish Lira Declines After Central Bank Upgrades Inflation Forecast

The Turkish lira fell today after Turkey’s central bank revised its inflation forecast up. The currency declined even as the bank signaled about possibility of an interest rate hike.

Japanese Yen Drops After Uneventful BoJ Meeting

The Japanese yen fell against all of its major rivals today. While domestic macroeconomic data was certainly unhelpful, the biggest reason for the drop was the uneventful Bank of Japan policy meeting.

Euro Drops Against Peers on Draghi Speech and ECB Rate Decision

The euro today headed lower after the European Central Bank‘s interest rate decision and the press conference following the announcement. The euro gave up most of yesterday’s gains that were triggered by President Donald Trump‘s decision to remove the pre-announced tariffs on car imports from the EU.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

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