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British Pound Rises As BoE Leaves Interest Rates, QE Unchanged

The British pound is rising against many of its currency rivals on Thursday after the central bank left interest rates and its aggressive asset-buying program unchanged. But while the decision to hold things steady was widely expected, many analysts are combing through the Bank of England (BoE) head’s remarks that subzero interest rates are in the institution’s “toolbox.”

Pound Falls After BoE Fails to Deliver Adequate Stimulus Measures

The Sterling pound today spiked higher shortly after the Bank of England left its lending rate unchanged and increased its stimulus program by £100 billion as expected. However, the GBP/USD currency pair’s rally was short-lived as the pair quickly headed lower as investor risk appetite faded in the face of rising coronavirus infections globally.

Euro Strengthens As ECB Expands Stimulus Program to $1.5 Trillion

The euro is strengthening against its currency rivals on Thursday after the central bank expanded its pandemic bond-buying initiative by several hundred billion dollars. Policymakers are trying to throw everything at the bearish regional economy to help stop the bleeding and prevent the eurozone from slipping deeper into a recession. Will this be enough to reverse the eurozone market’s downward trend?

Euro Surges on Massive Stimulus Package to Support Economy

The euro is surging midweek after the European Union announced a monumental €750 billion ($826.5 billion) to support the eurozone economy. The region faces the worst financial crisis since the 1930s, which comes as many trade bloc members already faced anemic growth before the pandemic.

Hungarian Forint Strengthens As Central Bank Leaves Interest Rates Unchanged

The Hungarian forint is strengthening on Tuesday as the central bank left interest rates unchanged and confirmed that it would not be ultra-aggressive in its quantitative easing efforts as its global counterparts. The institution’s decision left investors with the impression that Hungary’s economy could withstand the global fallout from the coronavirus pandemic.

British Pound Mixed on Sliding Inflation, First-Ever Negative-Yielding Bond

The British pound is trading mixed against its G10 currency competitors midweek as investors comb through the influx of April inflation data. For the first time in the nation’s history, the United Kingdom sold a negative-yielding bond, meaning that the government is being paid to borrow. In the post-Coronavirus economy, this might be the new norm for a myriad of nations around the world.

NZ Dollar Weakest After RBNZ Expands QE Program, Talks About Negative Interest Rates

The New Zealand dollar was the weakest currency on the Forex market today, sinking after the monetary policy announcement from the Reserve Bank of New Zealand. While the central bank kept its benchmark Official Cash Rate (OCR) unchanged, it almost doubled the scale of the quantitative easing program.

Euro Trades Sideways on Weak German Data, EU Differences

The euro today traded sideways against the US dollar amid weak macro reports from Germany and France as investors await crucial US jobs data. The EUR/USD currency pair today traded within a tight range following three daily pullbacks as divisions among EU nations persist.

Swedish Krona Rallies As Riksbank Leaves Rates Unchanged at 0%

The Swedish krona rallied against many of its major currency counterparts on Tuesday after the central bank left interest rates unchanged and maintained stimulus measures to reverse its worst economic slump since the Second World War. But policymakers assured markets that they would act if the financial crisis intensifies and additional monetary easing is needed to mitigate a severe downturn.

Canadian Dollar Plunges As GDP Contracts 9% in March, BoC Unveils New QE

The Canadian dollar hit the pause button on its recent rally after the federal government released its gross domestic product (GDP) reading early for the first time ever. The loonie is slumping on news that economic activity suffered the biggest monthly decline in history. With falling energy prices and accommodating central bank, it could be a downward trend for the Canadian dollar in the near-term.

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