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Forex
PBOC sets USD/CNY reference rate at 7.1705 vs. 7.1692 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1705 as compared to the previous day's fix of…
EUR/USD churns as markets hunker down ahead of Friday NFP print
EUR/USD overextended its recent bull run, getting rejected from 1.0850.
ECB rate cut forecasts have plummeted, prompting an FX rebalance.
US NFP net jobs…
Mexican Peso gains as Trump exempts tariffs on USMCA products
Trump delays reciprocal tariffs on Mexico until April 2 after talks with Sheinbaum.
USD/MXN briefly falls as tariff relief boosts MXN before rebounding…
Forex Today: The US Nonfarm Payrolls are coming!
The downtrend in the US Dollar gathered extra steam on Wednesday, fuelled by concerns over the US economy and some renewed hopes that the Trump administration…
Dow Jones Industrial Average backslides amid wavering sentiment
The Dow Jones shed around 575 points on Thursday, as trade war fears resume.
The more the Trump administration tries to soothe tariff fears, the worse…
US Dollar continues downward spiral as labor data disappoints
DXY weakens further amid rising job cuts and trade deficit concerns.
Challenger Job Cuts report shows layoffs surged over 100% in February.
ECB cuts rates…
Pound Sterling Price News and Forecast: GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
The rally in the Pound Sterling stalled after sustaining three straight days of gains.…
ECB Review: Meaningfully less restrictive – Danske Bank
Today the ECB decided to cut the policy rate by 25bp, so the deposit rate now yields 2.50%. The most important part of the decision was its assessment of the…
US Dollar retreats to below104.00 in the DXY after ECB’s Lagarde issues warnings on volatile period ahead
The US Dollar remains stuck on the backfoot and is unable to recover against the major peers.
ECB's Lagarde props up concerns by saying the ECB will need…
EUR/USD gains further despite ECB cuts interest rates amid downside economic risks
EUR/USD moves higher to near 1.0840 as the ECB reduces its Deposit Facility rate by 25 bps to 2.5%.
The ECB sees the core inflation averaging to 2.2% by the…