Daily Pivots: (S1) 1.0130; (P) 1.0175 (R1) 1.0207; More… EUR/USD falls to as low as 1.0070 so far and met 1.0090 long term projection level. Intraday bias stays on the downside. Firm break of 1.0090 will target 100% projection of 1.1184 to 1.0348 from 1.0773 at 0.9937, which is close to parity. On the upside, […]
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RBA delivered a widely expected 25 bps rate cut, lowering the cash rate to 3.85%. In its statement, RBA said the risks to inflation had become “more balanced,” with headline inflation now within the target Read more…
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Inflation continues to moderate. Inflation has fallen substantially since the peak in 2022, as higher interest rates Read more…
China’s central bank lowered its key lending benchmarks for the first time since October, delivering a long-anticipated move to support the economy. PBoC lowered the one-year loan prime rate by 10 bps to 3.0%. The Read more…