RBNZ Governor Adrian Orr today, “We believe we still have some work to do, but the good news is because we’ve done so much already, the tightening cycle is very mature, it’s well advanced.” There’s Read more…
SNB board member Andrea Maechler said yesterday, “We have tightened monetary policy and raised interest rates to send a clear signal that we will do everything to bring down inflation over time.” “There are ever Read more…
Cleveland Fed President Loretta Mester said yesterday, “when there is uncertainty, it can be better for policymakers to act more aggressively because aggressive and pre-emptive action can prevent the worst-case outcomes from actually coming about.” Read more…
Atlanta Fed President Raphael Bostic said market reaction to UK government’s new growth plan, with sharp volatility in Sterling, was a “real concern”. There’s “a fear that the new actions will add uncertainty to the Read more…
Key Highlights GBP/USD traded to a new low at 1.0340 before it corrected higher. A major bearish trend line is forming with resistance near 1.1050 on the 4-hours chart. EUR/USD corrected higher, but it is Read more…
Christine Lagarde was on the wires today discussing the Euro and interest rates. She noted that the Euro depreciation has added to inflationary prices and that she expects interest rates to rise further over the Read more…
It’s not too often that we cover the same currency pair for our “Currency Pair of the Week” 2 weeks in a row, however this week it seems appropriate. Last week, the Bank of England Read more…
With all the attention on the pound today, there was some sharp movements in the euro which you may have missed. The single currency dropped to a fresh low on the year against the greenback, Read more…
Move will make it much easier for people to enter the country. The United States’ largest export market is moving to end its covid entry restrictions as the pandemic has wound down in the country. Read more…