Monetary Policy — News Archive

    Archives

Euro Weak Before Week of ECB Decision

The euro was weak today, falling against the vast majority of its most-traded peers. US nonfarm payrolls did not have a lasting impact on the currency. While the euro sank sharply immediately after the release of US employment data, the shared 19-nation currency rebounded quickly just to resume the gradual decline it has been experiencing throughout the trading session.

Outlook for NZ Dollar Ahead of First RBNZ Policy Meeting in 2021

The New Zealand dollar started the week as the strongest most-traded currency on the Forex market thanks to the upgrade of the nation’s credit rating by Standard & Poor’s. What other factors will be influencing the New Zealand currency and what traders should watch for during the rest of the week?

Australian Dollar Starts Trading Weak, Races to Top Later

The Australian dollar started today’s trading weak against the US dollar and other most-traded currencies, though not all of them. In particular, the Aussie managed to gain on the Swiss franc and to reverse yesterday’s losses versus the New Zealand dollar. But at the time of writing, the Aussie not just managed to rebound to the opening level, it has been trading as one of the strongest currencies on the Forex market.

Japanese Yen Falls on Monetary Policy Outlook, Tries to Recover

The Japanese yen fell intraday but reversed its movement afterward, managing to erase losses against a few of its rivals and trim them against others. The currency has been under pressure from the central bank’s loose monetary policy for a long time, and Japanese officials signaled today that it will not change anytime soon.

Australian Dollar Flat After RBA Minutes Provide No Surprises

The Australian dollar rose a bit at the start of Tuesday’s trading session but has retreated to trade near the opening level at the time of writing. The Aussie dropped versus the New Zealand dollar, which was the strongest currency on the Forex market today. The central bank’s minutes released on Tuesday did not provide any surprising new insights.

Euro Forecast for February 15-19, 2021

The euro started the trading week on a weak footing, falling against many of its most-traded counterparts. The EUR/USD currency pair has been trading about flat. What can traders expect from the EUR/USD pair and the euro in general during the rest of the trading week?

Euro Rallies on ECB Rate Decision Despite Dovish Comments by Lagarde

The euro rallied against the dollar today buoyed by the elevated risk appetite that saw the greenback sidelined in favor of riskier assets such as the single currency. The EUR/USD currency pair hit its daily highs after the European Central Bank released that it was leaving interest rates unchanged as expected after today’s meeting.

Japanese Yen Flat vs. US Dollar, Falls vs. Other Majors After BoJ

The Japanese yen remained about flat against the US dollar but fell against other most-traded currencies after the Bank of Japan announced its monetary policy decision during the Asian trading session on Thursday.

Canadian Dollar Rallies on BoC Rate Decision and Biden Inauguration

The Canadian dollar today rallied higher against its US peer after the Bank of Canada left interest rates unchanged with a bullish economic outlook. The USD/CAD currency pair fell to new multi-year after Joe Biden’s inauguration marked the end of the Donald Trump era.

Greenback Firms After US Stocks Sink

The US dollar firmed by the end of Wednesday’s trading session, trimming losses against some peers and erasing them completely against others. Market analysts pointed at the slump of the US stock market as the likely reason for the recovery of the greenback.

Navigation

Menu