Currency Converter

Currency Converter



Sunday, November 28, 2021

Turkish Central Bank Rate Cut

Turkish monetary policy has become very politicized this year, conforming to the wishes of President Erdogan’s view that inflation conforms positively, not inversely, to changes in the central bank interest rates. Erdogan has secured his desired downtrend in Turkey’s one-week repo rate by replacing policymakers at the Central Bank of Turkey who disagreed with him. […]

* This article was originally published here

Friday, November 26, 2021

South African Interest Rate Hike

The South Africa Reserve Bank’s repo rate was increased by 25 basis points to 3.75% from a record low of 3.5% in place since April 2020. The approved decision passed by a narrow 3-2 vote by members of the Monetary Policy Committee. Analysts had been anticipating an initial rate hike this month. CPI inflation has […]

* This article was originally published here

Thursday, November 25, 2021

Pound US Dollar Exchange Rate News: GBP/USD Mixed Overnight as Fed Minutes Released

US Dollar (USD) Mixed Following Fed Meeting Minutes The US Dollar (USD) is trading in a narrow range against the Pound so far this morning. The November Federal Reserve meeting minutes were released last night and alluded to faster tapering than previously expected, with a recuperating jobs market and 30-year-high...

* This article was originally published here

Monday, November 22, 2021

Dollar Volatility and Inflation

The acceleration of inflation in 2021 has been broadly experienced across the world and remarkable in its suddenness. Year-on-year inflation rates last December were both low and more tightly bunched than now. In the cases of Japan, Switzerland and the euro area, inflation was lower than zero back then at -1.2%, -0.8% and -0.3%, respectively. […]

* This article was originally published here

Sunday, November 21, 2021

Persistent Global Pressure on Prices, Some More Central Bank Hikes, and the Dollar Touches Its Firmest Level Since July 2020

The weighted DXY dollar index touched 96.24 overnight, its strongest level since the first week of July 2020, but has settled back to show no net changed. Relative to Tuesday closing levels, the dollar is down 0.3% relative to the kiwi, yuan, peso, and sterling and by 0.1% vis-a-vis the euro, yen and loonie. The […]

* This article was originally published here

Sunday, November 14, 2021

More Signs of Intensifying Inflation and Another Central Bank Rate Hike

The dollar didn’t move much right after U.S. CPI data were released but had already advanced by 0.0.4% overnight on a weighted basis before then to within 0.2% of its 52-week high. Dollar gains amounted to 0.5% against the kiwi and sterling, 0.4% relative to the euro and yen, and 0.3% vis-a-vis the Swiss franc […]

* This article was originally published here

Thursday, November 11, 2021

Dollar Back Close to 52-Week High Ahead of U.S. October Jobs Report

The weighted DXY dollar index is presently trading almost back at its one-year high. It rose overnight by 0.2% against the euro and 0.1% relative to the yen and loonie and scored even larger gains of 0.5% against the Swiss franc and Australian dollar and 0.4% relative to the New Zealand dollar, Mexican peso and […]

* This article was originally published here

Wednesday, November 10, 2021

Global Stock Markets and Dollar Pause

The strength of equities in October and the first week of November was fed by the tapering patience of major central banks, evidence of continuing economic recovery in spite of Covid and inflation, and robust corporate earnings. But new concerns are adding to the pile. Biden’s still-unannounced choice to lead the Fed Board of Governors […]

* This article was originally published here

Sunday, November 7, 2021

After Political Setback for the Democrats, Investor Attention Turns to Fed and Global Economic Trends

The FOMC decision will be announced at 14:00 EDT (18:oo GMT) and followed by Powell’s press conference 30 minutes later. A tapering of Fed net monthly asset purchases currently totaling $80 billion of Treasury securities and $40 billion of mortgage-backed securities is widely expected. Running on an anti-vaccination and anti-progressive cultural message, U.S. Republicans in […]

* This article was originally published here

Friday, November 5, 2021

Next Week’s Menu: November 6 – 12, 2021

Central Banks: Mexico, Peru, Romania, Serbia, Thailand and the Philippines have scheduled monetary policy reviews next week, and a summary of the Bank of Japan’s most recent Board meeting will be published. Events and Holidays: The North American return to Standard Time will restore the normal time intervals with Europe (e.g,, 5 hours between London […]

* This article was originally published here

Wednesday, November 3, 2021

GBP/USD News: Pound US Dollar Exchange Rate Firms on Strong UK Employment Data

GBP/USD Climbs on Positive UK Jobs Data The Pound US Dollar (GBP/USD) exchange rate has firmed today, after initially dipping at the open of the session, following the UK’s strong jobs data. Meanwhile, a recent absence of any meaningful US data is leaving the US Dollar (USD) open to losses. Pound...

* This article was originally published here

Tuesday, November 2, 2021

Summits and Manufacturing PMI Releases

All Saints Day 2021 marked the end of one summit and start of another and the release of manufacturing purchasing manager surveys for a number of economies. In overnight market action, Equities rallied 2.6% in Japan, over 1% in India, and so far between 0.8% and 1.2% in Germany, France, Italy and Spain. U.S. stock […]

* This article was originally published here

Monday, November 1, 2021

October 2021 in Figures

Equities rebounded in October. The dollar was mixed and down marginally on balance. The price of gold rose only slightly, but that of oil appreciated over 10%, aggravating the elevation of general inflation. Long-term interest rate climbed as investors anticipate that central bankers will begin to raise policy rates sooner than forward guidance suggests. 10-Yr […]

* This article was originally published here