The British Pound Just Received a Double Boost against USD — Waiting for the Thursday’s Vote
The British pound rebounded as slowing US retail sales growth weighed on the dollar.
June 18, 2024
1390
Currencies
Central Bank of Nigeria Intervened in Nigerian FX Market by Injecting USD543.5M. CBN’s Determination Brings Hope to Beleaguered Naira
CurrenciesAs it can be figured out from the recent operation statement, to mitigate currency volatility, the Central Bank of Nigeria (CBN) intervened in the Nigerian foreign exchange market by injecting $543.5 million between September 6th and 30th.
October 10, 2024
520
1390
CBR Decided to Keep Its Key Rate Intact at 16 Percent, despite Rumors of its Hike to 17 Percent
Today, on June 7, the Bank of Russia (CBR), despite the prevailing rumors favoring the resumption of the rate hikes, decided to keep the key rate at 16%.
June 7, 2024
1161
PBOC Declares Yuan Fix to 3-week High Week, Stronger than Forecast
The People's Bank of China (PBOC) set the midpoint rate (CNY=PBOC), the yuan pegged trade boundaries in a 2% band, at 7.0994 per dollar, 69 pps higher than the previous fixing of 7.1063 on April 30.
May 8, 2024
1705
Russian Ruble: CBR Expectedly Keeps its Key Rate Unchanged at 16 Percent; No Rate Cut Anytime Soon
According to the Central Bank of Russia, inflation is gradually easing, but remains high.
April 26, 2024
1530
Japan Collaborates with Korea to Tame Rapid Depreciation of their Native Currencies Eyeing Fed’s Monetary Easing Non-Starter
The risks of too many investors crowding into a single currency pair position can be seen in this month's sharp fall in the Mexican peso as investors shed heavy carry trade opportunities.
April 22, 2024
1573
China's Yuan is at 5-Month Low and More to Go
China's yuan is at a 5-month low and has lost 1.9% against the dollar this year as foreign investors withdraw more money from its struggling markets.
April 17, 2024
867
USD May Return to Strengthening on Disappointing Inflation Report
The dollar strengthened on Wednesday ahead of the release of a key U.S. inflation report, which came out in the negative tonality.
April 10, 2024
2769
CBR Decided to Follow Steps of the U.S. Fed and Keep its Benchmark rate Unchanged at 16 Percent
USDRUB exchange rate during trading hours on the Moscow Exchange did not explicitly react to the decision of the Central Bank of Russia (CBR) to keep the key rate at 16% as expected.
March 22, 2024
1081
EUR Recovery on Weakening USD Proved to Become Short-Lived
EURUSD lost 0.4% to 1.0891. Technical charts show that EURUSD has room to drop further, despite current USD weakness.
March 18, 2024
1109
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