Sri Lanka approves lifting some limits on rupee conversion for outward remittances Reuters
* This article was originally published here
Sunday, March 31, 2024
Saturday, March 30, 2024
Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift
The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged.
The Pound to Euro exchange...
* This article was originally published here
* This article was originally published here
Friday, March 29, 2024
GBP/EUR: MUFG Lowers Pound to Euro Forecast Gains to 1.2085
The Pound to Euro exchange rate (GBP/EUR) dipped to 2-month lows at 1.1625 on Friday before a limited recovery to 1.1655 on Monday.
The shift in interest rate...
* This article was originally published here
* This article was originally published here
Thursday, March 28, 2024
Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed
The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685.
MUFG is still...
* This article was originally published here
* This article was originally published here
Wednesday, March 27, 2024
Tuesday, March 26, 2024
Pound to Dollar Rate Rallies to 1.2650, Asian Warnings Keep USD in Check
The U.S. Dollar was hampered by two global developments during Monday and drifted lower in global markets.
In this context, European currencies were also able to...
* This article was originally published here
* This article was originally published here
Monday, March 25, 2024
Sunday, March 24, 2024
Saturday, March 23, 2024
Bank of Mexico Cut Interest Rate, Too
Mexico’s overnight interbank interest rate has been sliced to 11.0% from 11.25%. This is the first reduction since February 2021, when the rate settled in at a pandemic low of 4.0% that would last only four months. After increases totaling 150 basis points during the final seven months of 2021, 500 bps in 2022, and […]
* This article was originally published here
* This article was originally published here
Friday, March 22, 2024
Turkish Monetary Policy Pause Shortlived and Ends With Big Interest Rate Hike
Turkish consumer price inflation accelerated from 38.2% in mid-2023 to a 15-month high in February of 67.1%. But after leaving its policy interest rate unchanged at 45% after February’s policy meeting, officials at the Central Bank of Turkey were not expected to modify their stance, which had seen the rate raised from 8.5% since the […]
* This article was originally published here
* This article was originally published here
Thursday, March 21, 2024
Wednesday, March 20, 2024
Tuesday, March 19, 2024
Monday, March 18, 2024
Sunday, March 17, 2024
Saturday, March 16, 2024
Market Focus Swings Back to Inflation
This week brings the release of U.S. consumer price data tomorrow, U.S. producer prices on Thursday and U.S. import prices due Friday. China reported CPI and PPI figures today, Japanese producer prices arrive Tuesday as do Brazil’s CPI and the finalized German CPI data. Barring a big surprise, the likeliest initial Fed rate cut is […]
* This article was originally published here
* This article was originally published here
Friday, March 15, 2024
Thursday, March 14, 2024
Continuing Focus Upon Inflation Data
Several price data were released this Thursday even before the highly awaited U.S. PPI report. The monthly increase of Spanish consumer prices in February got revised higher to 0.4% from 0.3% reported initially, by year-on-year CPI inflation remained unchanged at a 6-month low of 2.8%. Spanish inflation peaked in July 2022 at 10.8%. Irish CPI […]
* This article was originally published here
* This article was originally published here
Wednesday, March 13, 2024
Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative
Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of...
* This article was originally published here
* This article was originally published here
Tuesday, March 12, 2024
Contending With Super Tuesday Primaries, China’s Lackluster Growth Outlook, and Uncertain Monetary Policy
There’s an uneasy mood in the financial community. The likelihood of a second and far more chaotic Trump presidency keeps growing. Once today’s U.S. primary results are counted, the Republican nomination race will be effectively over. Meanwhile, the Democrats can’t find a convincing way to dispel comparisons of Biden’s current health to those of Woodrow […]
* This article was originally published here
* This article was originally published here
Monday, March 11, 2024
Sunday, March 10, 2024
Saturday, March 9, 2024
Friday, March 8, 2024
Thursday, March 7, 2024
Wednesday, March 6, 2024
February 2024 in Figures
February 2024 was another strong month for global equities and the dollar and a spectacularly good one for holders of Bitcoin. None of the major central banks in the table below changed their reference interest rates. Outside that group, central banks cut rates by a full percentage point in Hungary and by 50 basis points […]
* This article was originally published here
* This article was originally published here
Tuesday, March 5, 2024
Pound Sterling Creeps Higher vs Dollar as US Yields Retreat
Thursday’s UK and US economic data releases failed to have a major impact, although slightly softer than expected US jobless claims data did trigger limited dollar...
* This article was originally published here
* This article was originally published here
Monday, March 4, 2024
Euro to Pound Rate "Finds itself in a State of Flux": Danske
The latest UK data indicates that hopes for lower interest rates have underpinned a rebound in the housing sector and boosted business confidence.
The Euro has held...
* This article was originally published here
* This article was originally published here
Sunday, March 3, 2024
Saturday, March 2, 2024
Friday, March 1, 2024
Pound to Dollar Week Ahead Forecast: Ranges 1.18-1.131 in Twelve Months
ING analysts forecast the Pound to Dollar exchange rate (GBP/USD) will strengthen to 1.31 on a 12-month view as the dollar loses ground.
Danske Bank, however,...
* This article was originally published here
* This article was originally published here
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