Euro hits new 20-year low, on track for further losses
The Euro returns to red on Friday and extends below 0.98 handle, to hit new 20-year low after bears paused previous day, due to Japan’s intervention in FX market to support yen that temporarily deflated the dollar.
Thursday’s action ended…
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The Bank of England raises rates by 0.5% despite looming recession
The Bank of England raised its key interest rates by 50 basis points to 2.25%, in a widely expected action and repeated it would continue to respond forcefully as necessary to rising inflation, despite that rise in borrowing cost would slow…
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Turkish central bank surprises by another 100 basis points rate cut
Turkish lira hits new all-time low vs dollar following another surprise from Turkey’s central bank, which delivered a 100 basis points rate cut on its policy meeting today.
The central bank brought its benchmark interest rate to 12%,…
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Yen surges across the board on Japan’s intervention in FX market
Japanese yen was sharply up against its major counterparts in mid-European session on Thursday as Japan intervened in FX market to support its weakening currency, as weak yen was raising import costs and threatening to hurt consumption.…
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Hawkish Fed and dovish BOJ lift USDJPY
The USDJPY surges through 145 barrier in early Thursday’s trading and posts new 24-year high, inflated by hawkish Fed and repeatedly dovish stance from BOJ, which kept its ultra-easy policy and sent quite mild signals about possible…
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The Euro falls to new 20-year low after Fed, risks deeper drop
The Euro remains heavy in early Thursday’s trading and hit new marginally lower 20-year low, following 1.3% drop on Wednesday.
The sentiment was soured by growing geopolitical tensions, with hawkish Fed adding pressure on the single…
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Fed raises interest rate by 0.75%, expects more large hikes in 2022
The US Federal Reserve raised its key overnight interest rate by 75 basis points to the range of 3.00%-3.25%, mainly in line with expectations and disappointing a small percentage of those who bet for more aggressive action and rate hike by…
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Aussie stands at the back foot on risk aversion and expectations for aggressive Fed
Aussies falls to the lowest since June 2020 on Wednesday, under fresh pressure from stronger dollar as geopolitical situation is worsening and traders migrate into safety and lower prices of commodities.
Daily techs maintain negative…
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Cable hits new 37-year low, as Russia rattles the markets; focus turns to Fed
Cable hit new 37-year low on Wednesday after an announcement from Russia and tough rhetoric threatened of further escalation and send a shockwaves through the markets.
Fresh exodus into safety lifted dollar and added to pound’s existing…
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News from Russia and aggressive Fed may push Euro much lower
The Euro extends fresh bearish acceleration into second straight day, after disappointing EU data on Tuesday soured the mood, with announcement from Russian President Putin about the partial mobilization, further worsening the sentiment.…
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