The dollar (USD) reached its highest level in five months on Tuesday, as stronger-than-expected economic data caused investors to halt their bets on a rate cut in June, boosting the currency’s value. However, fears of intervention by Japanese authorities halted the dollar’s gains against the yen, even as long-term yields on U.S. Treasuries, which the […]

The US Federal Reserve (Fed) decided on Wednesday to hold interest rates in the 5.25% to 5.50% range for the fifth consecutive time, in line with market expectations. Officials added that they do not believe it is advisable to reduce the target range until they have gained more confidence that inflation is moving towards the […]

The US dollar (USD) gained value against other currencies on Wednesday in Europe ahead of the Federal Reserve’s (Fed) latest monetary policy decision. The British pound (GBP) lost value after signs of cooling inflation in the UK, while the Japanese yen (JPY) continued to decline. Federal Reserve decision Federal Reserve policymakers are set to conclude […]

In its recent Tuesday meeting, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% and the interest rate on exchange settlement balances at 4.25%, key rates that influence borrowing costs and economic activity. The Australian central bank noted a moderation in inflation rates, though they remain elevated due to factors such as […]

On Tuesday, the Bank of Japan (BoJ) decided to raise its short-term benchmark interest rate to 0.1%. This is the first such measure taken in 17 years, and it comes alongside the withdrawal of other stimulus measures that were applied under its monetary policy program. The decision was made by the policy board of the […]

Headline inflation in the euro area moderated by nearly two-tenths in February on a year-over-year basis, reaching 2.6%. The core rate, which excludes volatile items such as energy, food, alcohol, and tobacco, to provide a clearer measure of long-term inflation trends, fell to 3.1% from 3.3%, its lowest level in two years, according to data from Eurostat, […]

China’s latest economic data for January and February 2024 have exceeded analysts’ estimates. Notably, retail sales rose by 5.5%, surpassing forecasts of 5.2%. Similarly, industrial production grew by 7%, beating forecasts of a 5% increase. Labor market and investments: a mixed picture Fixed asset investment also exceeded expectations, rising by 4.2% compared to analysts’ predictions […]

The U.S. dollar (USD) gained value in European market trading on Thursday, maintaining recent strength in anticipation of the release of further clues about U.S. interest rates relative to producer inflation along with retail sales data. The dollar Index (DXY), which tracks the value of the U.S. dollar against a basket of six major currencies, stood […]

In February, the Consumer Price Index (CPI) grew grew 0.4% month-over-month and 3.2% annually. The Bureau of Labor Statistics of the Department of Labor reported that the core CPI, which does not include food and energy prices, rose 0.4% in February and 3.8% compared to the same month last year. Although inflation has been falling since […]

Most U.S. Federal Reserve (Fed) officials showed concern last month about the possibility of lowering interest rates too quickly, noting that the risks of lowering rates too quickly outweigh the risks associated with maintaining high borrowing costs for an extended period. The minutes of the Federal Open Market Committee meeting held on January 30-31 reported […]