monetary policy

Image via Federal Reserve The Federal Reserve monetary policy meeting is due tomorrow. The Fed is expected to hold the fed funds rate steady at 0.25% - 0.50%, with traders gearing up to the FOMC statement, which could set the path for the…
Read More

The markets are set for another showdown with the Bank of Japan this week as the central bank meets on July 29, Friday for its monetary policy meeting. The dollar has posted steady gains since the past few weeks led by series of…
Read More

The US dollar emerged as the top currency last week as the US dollar index posted a 4-month high. Boosted by broadly better than expected economic data especially on the housing sector the dollar kept its gains into the weekly close ahead…
Read More

Summary: ECB expected to sit on its hands at today’s meeting with no changes expected to key rates ECB likely to wait and assess the impact of Brexit before making any changes to monetary policy ECB could address the issue of…
Read More

The New Zealand dollar fell sharply this morning, down 0.70% at one point after the RBNZ released its economic update. In the report, the central bank said "At this stage it seems likely that further policy easing will be required to ensure…
Read More

The Reserve Bank of New Zealand is expected to release its economic outlook on early Thursday. The schedule was announced a week ago which set off strong declines in the New Zealand dollar as investors sold off the NZD expecting the central…
Read More

The British pound was the top performing currency last week with most of the gains coming after the BoE left interest rates unchanged against market expectations. The political developments in the UK also attributed to the GBP's gains over…
Read More

This week was all about the speculative rally in the Japanese yen. Following the weekend elections in Japan which saw Shinzo Abe's party win a majority in the upper house elections, the dollar gained against the yen as investors hoped for…
Read More

Image via Bank of England / Flickr The Bank of England is widely anticipated to cut interest rate by 25bps for the first time in nearly seven years in a bid to cushion the UK's economy from the Brexit shock. The Bank of England's interest…
Read More

Bank of Canada kept the benchmark interest rate unchanged at 0.50% on Wednesday, marking an unchanged monetary policy since last summer. In its monetary policy meeting statement, the central bank said that the fundamentals were in place for…
Read More