The GBP/USD pair is trading in negative territory near 1.2400 on Thursday, struggling to regain momentum after the Bank of England (BoE) decided to cut its policy rate by 25 basis points (bps). Despite disappointing US economic data, which helped...
The main events by the morning: February 6 Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching the maximum price increase since August 2022. This is due to higher premiums for Middle Eastern raw...
Currency markets: the dollar is losing ground, the yen and the pound are rising The dollar hit an 8-week low against the yen and a 1-month low against the pound amid declining investor concerns about inflationary risks related to Trump's trade...
Market participants are widely anticipating a 25-basis-point rate cut by the Federal Reserve (Fed) at its upcoming meeting, with traders currently pricing in an 86% probability of this move. Ahead of the decision, all eyes are on the U.S. Consumer...
AUD/USD As of today, the AUD/USD pair is struggling near a five-year low, hovering around 0.6200. The U.S. dollar remains strong, backed by solid economic data and a hawkish Fed, while the Australian dollar faces pressure from both domestic...
