Posts Tagged ‘forex’
EUR/USD clings to mild losses below 1.0770, investors await Eurozone inflation, US PMI data
In the realm of currency markets, the EUR/USD pair is currently holding onto slight losses, trading below the key level of 1.0770, as investors eagerly anticipate the release of crucial economic data from both the Eurozone and the United States. Market participants are closely monitoring the Eurozone inflation data, which is expected to provide insights…
Read MoreForex Today: Gold surges to new record high on Easter Monday
In a remarkable surgeon Easter Monday, the price of gold soared to unprecedented heights, setting a new record high in the forex market. As financial markets reopened after the holiday weekend, investors were greeted with a flurry of activity, particularly in the precious metals sector. Gold, often considered a haven asset, experienced a dramatic rally,…
Read MoreSwiss National Bank sold forex worth nearly $150 billion in 2023
ZURICH (Reuters) – The Swiss National Bank sold foreign currency worth 132.9 billion Swiss francs ($149.51 billion) in 2023, the central bank said on Tuesday, showing its increased emphasis on supporting the Swiss franc as a shield against imported inflation. The figure was a massive increase from 22.3 billion francs in foreign currencies sold by…
Read MoreBoJ’s Pivot Imminent: Yen Ready for Takeoff or Tumble? Setup on USD/JPY
The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative borrowing costs, raising its benchmark rate to 0.0% from -0.1%. This would be the first hike…
Read More