Currency News

Norway’s February retail sales rebound 0.1%

Retail sales in Norway went up at a monthly rate of 0.1% in February, data by Statistics Norway showed on Wednesday, while rebounding after a 0.1% drop in January. Market consensus had pointed to a 0.2% monthly growth. Last month, there was a rebound in sales at non-specialized stores, up 0.7% after a 0.1% fall […] Read more

USD/ZAR gains as focus sets on SARB meeting

The USD/ZAR currency pair edged higher on Tuesday ahead of a policy decision by the South African Reserve Bank, while investors were also eyeing Friday’s report on US PCE inflation that could affect Fed rate cut expectations. The US core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, is expected to […] Read more

USD/SEK trades near 6-week high ahead of Riksbank decision

The USD/SEK currency pair traded in proximity to recent six-week peak on Tuesday ahead of a rate decision by Sweden’s Riksbank, while investors were also eyeing Friday’s report on US PCE inflation that could affect Fed rate cut expectations. The US core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation measure, is […] Read more

USD/SGD: Singapore Dollar rebounds from six-week low

The USD/SGD currency pair extended a pullback from a fresh 6-week high of 1.3505 on Tuesday, after data showed a strong rebound in Singapore’s industrial production in February, while investors were also eyeing Friday’s report on US PCE inflation that could shape Fed rate cut expectations. Industrial output in Singapore grew at a monthly rate […] Read more

Singapore inflation accelerates to 3.4% in February

Annual consumer inflation in Singapore picked up to 3.4% in February from a more than two-year low of 2.9% in January. The actual figure exceeded market consensus of 3.3%. Last month, inflation accelerated for housing (3.9% YoY versus 2.4% YoY in January), recreation & culture (5.5% YoY versus 4.4% YoY in January) and education (3.4% […] Read more

NZD/USD trades near 17-week low ahead of Fed decision

The NZD/USD currency pair hovered just above a fresh 17-week low of 0.6024 on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting in March. Federal […] Read more

GBP/USD trades near 2-week low with Fed, BoE decisions in sight

The GBP/USD currency pair hovered just above recent two-week low of 1.2667 on Wednesday, as market players awaited the outcome of the Federal Reserve and the Bank of England policy meetings. Traders were also mulling the latest inflation figures that were reported by the United Kingdom. Earlier today, the ONS data showed UK’s annual inflation […] Read more

GBP/JPY scales 8 1/2-year peak after BoJ as UK inflation slows

The GBP/JPY currency pair extended the gains from the past six trading days on Wednesday, while scaling an 8 1/2-year peak of 192.854, as investors bet Japan would keep its accommodative monetary settings even after the BoJ’s decision to move away from negative interest rates. Yesterday the GBP/JPY pair surged more than 1% after the […] Read more

CAD/JPY scales 3-week peak as BoJ abandons negative rates

The CAD/JPY currency pair registered a fresh three-week high on Tuesday, after the Bank of Japan put an end to an eight-year period of negative interest rates and ahead of Canada’s CPI report. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market expectations. It has […] Read more

AUD/JPY gains as BoJ puts an end to negative rates

The AUD/JPY currency pair registered modest gains on Tuesday in the wake of central bank policy decisions in Japan and Australia. The Bank of Japan put an end to an eight-year period of negative interest rates. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market […] Read more