Friday, July 30, 2021

Pound Australian Dollar Sinks as Positive Risk Appetite Boosts Ć¢€˜AussieĆ¢€™

GBP/AUD Exchange Rate Falls, Risk-On Mood Buoys Australian Dollar The Pound Australian Dollar exchange rate fell today as an increase in risk appetite has boosted demand for the risk-sensitive Ć¢€˜AussieĆ¢€™. The pairing is currently fluctuating around AU$1.83. Risk sentiment has improved as key economies including the...

* This article was originally published here

Thursday, July 29, 2021

GBP/NZD Forecast: Pound New Zealand Dollar Exchange Rate Steady on UK Coronavirus Recovery Hopes

The Pound New Zealand Dollar (GBP/NZD) exchange rate has edged higher this morning as NZD exchange rates remain on the back foot against an ongoing surge in global coronavirus cases. At the time of writing the GBP/NZD pairing are trading around the NZ$1.9978 level as the UK enjoys a 7 day fall in UK coronavirus cases. Pound...

* This article was originally published here

Wednesday, July 28, 2021

Two-Day FOMC Meeting Ends Today with Likely Same Dovish Message

Against the backdrop of rising Covid-19 infections in the United States, this isn’t the time for the Fed to express a lot of concern about inflation or to show greater urgency as official begin to contemplate a plan to taper monetary stimulus. In the three days of July 25-27, new U.S. coronavirus cases averaged 57.3k […]

* This article was originally published here

Tuesday, July 27, 2021

ECB Changes Forward Policy Guidance

At today’s scheduled European Central Bank Governing Council meeting, news was made even though the interest rate structure (a zero percent refinancing rate of zero percent since September 2 the quantitative stimulus. A change in expressed guidance over what to expect from the bank’s policy in the future, officials now say that interest rates will […]

* This article was originally published here

Monday, July 26, 2021

Central Bank of Russia Hikes Interest Rate Further

The Central Bank of Russia’s policy interest rates was raised today for a full percentage point to 6.5%, which more than reversed last year’s entire easing from 6.25% to 4.25%. Along with increases of 25 basis points in March, 50 bps in April, 75 bps in May and 50 bps in June, the Russian central […]

* This article was originally published here