EUR Recovery on Weakening USD Proved to Become Short-Lived
EURUSD lost 0.4% to 1.0891. Technical charts show that EURUSD has room to drop further, despite current USD weakness.
March 18, 2024
1373
Currencies
CBR Decided to Follow Steps of the U.S. Fed and Keep its Benchmark rate Unchanged at 16 Percent
CurrenciesUSDRUB exchange rate during trading hours on the Moscow Exchange did not explicitly react to the decision of the Central Bank of Russia (CBR) to keep the key rate at 16% as expected.
March 22, 2024
1274
1373
The Bank of Russia (CBR) Expectedly Kept its Key Rate at 16 Percent. Ruble Further Tumbled to 92.82/USD
The Bank of Russia (CBR) expectedly kept the key rate at 16% as Russia’s ruble has become one of the three worst performing global currencies in 2023.
February 16, 2024
1448
People’s Bank of China Faces Triple Challenge to Keep Yuan within its Traditional Bounds
With the continuous downtrend in the Chinese equities, pressure on the mainland yuan is mounting as well.
February 9, 2024
1559
Mexican Peso Jumped against USD on Interest Rate Differential Expectations, but Weekly Trend Remains Negative
Following positive trade balance data from Mexico and softer inflation data in the United States, the Mexican Peso (MXN) had a strong performance against the U.S. Dollar (USD) for the third consecutive day on Friday.
January 29, 2024
1500
Euro Keeps Rising against USD on Improving Economic Outlook
The EUR/USD recent surge to a 1.1066 is viewed as a positive sign for the Eurozone's economic recovery, as it indicates increased investors’ positive assessment of the Eurozone's economic prospects despite known geopolitical fallouts and rising gas prices.
December 27, 2023
1515
RUSSIA – CBR Rate = 16 Percent (obid 16 Percent/ previously 15 Percent). Ruble Little Changed at 90/USD
The Russian ruble looks stumbled over enlightenment that it excessively strengthened in the previous days, partially playing back and backing off from unrealized expectation of a rate increase by 200 points.
December 15, 2023
1524
Japan's 10yr Yields Recorded Their Highest Year-over-Year Increase in December
The yen extended losses today, plunging to 146.42 before slightly correcting to 146.37.
December 11, 2023
1472
Narrowing Interest Rate Gap Between the U.S. and Japan Has Led to Yen Buying
Japanese yen's (USDJPY) recent gains against the greenback are accelerating, with the yen hitting its highest level since mid-September on speculation that the Federal Reserve will cut interest rates in 2024 regardless of the inflation data readings.
November 29, 2023
1478
Dollar Poised for Weekly Decline amid Slowing U.S. Inflation
The dollar's appreciation has stopped amid a new array of evidence that the interest rates may have peaked in the U.S.
November 17, 2023
1535
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