The Fed is due to deliver its meeting minutes later in the day. What can we expect? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses its expectations for tomorrow’s FOMC minutes from the January meeting. “The minutes of the January FOMC meeting will be of particular interest given the … “USD: 3 Things To Look At The FOMC Minutes On Wed – BofAML”
Author: admin_mm
USD: FOMC Minutes To Reveal If Hike Cycle If Complete Or Still Part Of Baseline Outlook – Barclays
The FOMC Meeting Minutes may reveal more about the next steps due by the Federal Reserve. Where will the USD go? Here is their view, courtesy of eFXdata: Barclays Research discusses its expectations for the FOMC minutes from the January meeting. “We look to the minutes of the January FOMC meeting for insights as to … “USD: FOMC Minutes To Reveal If Hike Cycle If Complete Or Still Part Of Baseline Outlook – Barclays”
Canadian Dollar Gains on Lack of Data, Higher Energy Prices
The Canadian dollar is taking advantage of the lack of data and news on Tuesday, rallying mostly on higher energy prices. After several consecutive reports of mixed numbers, the loonie is enjoying a breather and making gains against some of its currency rivals. In recent days, it was revealed that manufacturing sales fell 1.3% in December, new housing prices were flat, hourly wage growth was up 1.8% in January, and the Canadian … “Canadian Dollar Gains on Lack of Data, Higher Energy Prices”
Swedish Krona Plunges After Inflation Slows Unexpectedly
The Swedish krona tanked today after nation’s inflation slowed unexpectedly last month, threatening the central bank’s plans to raise interest rates. Sweden’s annual consumer inflation slowed to 1.9% in January from 2.0% in the previous month. That was contrary to analysts’ forecasts, which promised an increase to 2.2%. Previously, the krona was supported by prospects for an interest rate hike in the second half of this year. But such prospects diminished after … “Swedish Krona Plunges After Inflation Slows Unexpectedly”
Sterling Gains on Employment Data, Prospects for Delayed Brexit
The Great Britain pound gained today after employment data showed strong performance of the labor market in Britain. Prospects for a delay for the Brexit also supported the currency. The Office for National Statistics released a report on the UK labor market in the period from October to December, which showed very strong numbers. The employment rate was at 75.8%, the highest since estimates began in 1971. The unemployment rate remained at 4%, and no lower figures have been … “Sterling Gains on Employment Data, Prospects for Delayed Brexit”
Euro Drops on Weak Data amid Investor Fears of New US Car Tariffs
The euro today was on a downtrend against the US dollar from the early Asian session as investors worried about the introduction of new car tariffs by the US. The pair spiked higher briefly in the early European session, but quickly gave up its gains following the release of weak macro data from across the … “Euro Drops on Weak Data amid Investor Fears of New US Car Tariffs”
Japanese Yen Weakens After Kuroda Talks About Policy Easing
The Japanese yen weakened today, falling against the US dollar, after Bank of Japan Governor Haruhiko Kuroda said that the central bank may ease its already extremely accommodative monetary policy further. Kuroda suggested today that the central bank may step in if a rise of the yen will hurt the economy and pose an obstacle for inflation reaching the 2% target: If (currency moves) are having an impact on the economy and prices, … “Japanese Yen Weakens After Kuroda Talks About Policy Easing”
Swiss Franc Flat vs. Majors, Gains on Yen & Commodity Currencies
The Swiss franc was flat against most major currencies, with the exception of the Japanese yen, after the release of a trade balance report in Switzerland today. Risk aversion helped the Swissie to gain on commodity currencies. Switzerland’s Federal Statistical Office reported that the trade balance surplus shrank to CHF 1.39 billion in January from CHF 1.76 billion in December, demonstrating the smallest surplus since September. The report was not necessarily bad, … “Swiss Franc Flat vs. Majors, Gains on Yen & Commodity Currencies”
Australian Dollar Falls After Release of RBA Minutes
The Australian dollar fell today after the release of monetary policy minutes by the Reserve Bank of Australia. The currency also declined as optimism about this week’s trade negotiations between the United States and China turned into cautiousness. The RBA was less optimistic about economy both domestic and abroad, saying: Slowing growth in China and ongoing trade tensions had led to lower growth in global trade. Forecasters had lowered their outlook … “Australian Dollar Falls After Release of RBA Minutes”
Chinese Yuan Gains on Trade Talk Momentum, Trade Data
The Chinese yuan is gaining against major currency rivals on Monday as it is being supported by US-China trade talk momentum and better-than-expected January trade data. The yuanâs ascent was capped on disappointing auto sales figures and future industry projections. Last week, an American delegation was in Beijing for US-China trade deliberations. Both sides failed to reach a new trade agreement, but investors are cheering on reports that the discussions … “Chinese Yuan Gains on Trade Talk Momentum, Trade Data”