Australian Dollar (AUD) Suffers Risk-Off Mood due to Covid Variant
The Australian Dollar is losing ground against the Pound so far this morning due to risk-off sentiment despite positive retail sales for October.
October’s retail sales were released during the overnight session which showed an increase of 4.9%,...
* This article was originally published here
Friday, December 31, 2021
Thursday, December 30, 2021
Next Week’s Menu: December 25 – 31, 2021
Central Banks: No central bank policy reviews among major central banks are scheduled for the final week of 2021. A summary of the discussion at the last Bank of Japan Board meeting will be published. Holidays: Several countries such as the U.K., Canada, Australia, Italy and Switzerland will be observing Boxing Day early in the […]
* This article was originally published here
* This article was originally published here
Wednesday, December 29, 2021
Russian Central Bank Rate Hike
The Central Bank of Russia has raced even harder to overtake inflation, which has climbed to 8.4% from 4.9% at the end of 2020. The latest increase by Russian monetary officials announced today is a full percentage point to 8.5% in size. This was the sixth hike since March, the total of which has equaled […]
* This article was originally published here
* This article was originally published here
Tuesday, December 28, 2021
Monday, December 27, 2021
Central Bank Thinking in Addressing the Spike in Inflation
The following excerpts from the Bank of Russia governor explaining today’s sharp interest rate hike epitomized the dilemma of many central bankers around the world coming to terms with an inflation spike caused by mostly supply bottlenecks that has lasted longer than anticipated. Our special focus is to ensure that the monetary policy is well-balanced. […]
* This article was originally published here
* This article was originally published here
Sunday, December 26, 2021
Saturday, December 25, 2021
Pound Australian Dollar Exchange Rate Muted as Omicron Worries Continue
GBP/AUD Exchange Rate Trends Sideways as Omicron Variant Weighs Heavily on...
* This article was originally published here
* This article was originally published here
Friday, December 24, 2021
Pound Canadian Dollar Muted as Covid-19 Cases Rise, Retail Data Improves
GBP/CAD Lacks Direction as UK and Canadian Retail Sales Provide...
* This article was originally published here
* This article was originally published here
Thursday, December 23, 2021
Volatile Markets as Investors Scramble to Assess Omicron Variant
Ten-year sovereign debt yields rose nine basis points overnight in the U.K., eight bps in Spain and Italy, seven bps in France, six bps in Germany, five bps in the United States and a basis point in Japan. The steep drop in stock markets was partially trimmed overnight, but equities still appear vulnerable. U.S. stock […]
* This article was originally published here
* This article was originally published here
Wednesday, December 22, 2021
A 50 Basis Point Colombian Central Bank Rate Hike with Three Dissenters Favoring a Larger Increase
Colombia’s monetary policy rate was raised today to 3.0% from 2.5%. This increase followed hikes of 25 basis points in September and 50 bps in October, and it was decided by a thin 4-3 vote where the disagreement pertained to how much to tighten rather than whether to lift the rate again or not. Three […]
* This article was originally published here
* This article was originally published here
Tuesday, December 21, 2021
Pound Euro Exchange Rate Rises amid EU Border Tensions
Pound Euro (GBP/EUR) Exchange Rate Climbs as Euro Confidence...
* This article was originally published here
* This article was originally published here
Sunday, December 19, 2021
Bank of Mexico Raises Overnight Interbank Rate by Greater-than-Expected 50 Basis Points
The four previous rate hikes in June, August, September and November had been all 25-basis point changes, and analysts had assumed a similar increment. The rate was cut by three percentage points in 2020 and topped off by a 25-basis point reduction to 4.0% in February of 2021. The vote was not unanimous, as one […]
* This article was originally published here
* This article was originally published here
Saturday, December 18, 2021
Pound Australian Dollar Exchange Rate Tries to Regain Lost Ground as UK Announces New Covid-19 Restrictions
Pound Australian Dollar (GBP/AUD) Exchange Rate Attempts to Regain Losses...
* This article was originally published here
* This article was originally published here
Thursday, December 16, 2021
Dollar Marking Time as Two-Day FOMC Meeting Commences
The dollar remained unchanged on balance overnight against the euro, Swiss franc, kiwi, yuan and versus its weighted DXY index. The greenback ticked 0.1% higher relative to the yen and loonie and 0.1% lower vis-a-vis sterling. A two-day meeting of the FOMC began in which policymakers are expected to accelerate previously signaled plans to taper […]
* This article was originally published here
* This article was originally published here
Wednesday, December 15, 2021
Monday, December 13, 2021
Brazilian Selic Rate Began 2021 at 2.0% and Ending the Year at 9.25%
The Copom committee at the Central Bank of Brazil that decides monetary policy settings unanimously voted to hike its Selic interest rate by 150 basis points to 9.25%, matching the previous advance in October that had been the largest since 2002. Rate cuts of 250 basis points in 2020 have been far exceeded in 2021 […]
* This article was originally published here
* This article was originally published here
Sunday, December 12, 2021
Next Week’s Menu: December 11 – 17, 2021
Central Banks: A cornucopia of monetary policy meetings scheduled next week includes the Federal Reserve, the Bank of Japan, European Central Bank, Bank of England, and monetary authorities in Switzerland, Russia, Turkey, Norway, Hungary, Indonesia, Taiwan, the Philippines, Mexico, Chile and Colombia. Powell, Lagarde, Bailey, Kuroda, Macklem and Lowe are some of the central bank […]
* This article was originally published here
* This article was originally published here
Saturday, December 11, 2021
Higher Inflation and Disappointing Industrial Production Headline Friday’s Global Economic News
The dollar is unchanged compared to late Thursday against the yen, loonie, peso, sterling and measured by the weighted DXY index. The dollar strengthened 0.4% versus the Turkish lira but dipped 0.2% relative to the Swiss franc and o.1% versus the euro and peso. Ten-year U.S. Treasury and British gilt yields have slid four and […]
* This article was originally published here
* This article was originally published here
Friday, December 10, 2021
Quieter Day: Omicron Developments Still Encouraging
Omicron news continues to be reassuring. Booster shots appear to reduce rate of transmission, and the symptoms of this Covid variant seem less severe than with the Delta Variant. The most notable financial market development today has been a large rise in Continental European ten-year sovereign debt yields, for instance, of 10 basis points in […]
* This article was originally published here
* This article was originally published here
Wednesday, December 8, 2021
Tuesday, December 7, 2021
Markets Jolted by Omicron Fears
Each month, no two-day sequence produces a heavier data release flow than the last business day on one month and first business day of the next. Navigating that period this time was magnified by worrisome developments in the race to understand the new Omicron variant of the Covid-19 pandemic. The CEO of Moderna, whose vaccine […]
* This article was originally published here
* This article was originally published here
Monday, December 6, 2021
Sunday, December 5, 2021
Immediate Market Reaction to Omicron Trimmed Back but Only Partially
It will take a week or two before a clearer picture emerges of the Omicron Variant and investors have a better understanding of key questions such as the protection existing vaccines provide to the new mutation. Markets had reacted very adversely on Friday to first learning about Omicron. Today has seen a partial reversal of […]
* This article was originally published here
* This article was originally published here
Saturday, December 4, 2021
Friday, December 3, 2021
Pound Canadian Dollar Exchange Rate News: GBP/CAD Surges amid Oil Price Rout
Canadian Dollar (CAD) Tumbles as Oil Price Collapse
The commodity-linked Canadian Dollar is stumbling against the Pound this morning as fears over the latest Coronavirus strain, Omicron, is causing oil prices to decline.
On Friday, oil prices plummeted which later restabilised on Monday. Today, however, Brent...
* This article was originally published here
* This article was originally published here
Thursday, December 2, 2021
Wednesday, December 1, 2021
Global international money transfer provider, OFX (ASX: OFX) named Official Currency Exchange Provider of the National Hockey League - Yahoo Canada Finance
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