Interest rates news

The US dollar has rallied a bit during the early part of the session on Monday, as we are breaking above the 1.40 level. The market has been very important. All things being equal, we had recently been consolidating between the 1.37 level and the 1.39 level but broke out of there, we tested 1.39 for support and we have continued to go higher. The 1.40 level is likely to be an area where I think we…

Amid heightened interest from forex traders in the future of US Federal Reserve policies and the ongoing dispute between Trump and bank officials over pressure to continue cutting interest rates, the main focus during today's trading session will be on the reaction to remarks from US Federal Reserve Chair Jerome Powell at 19:30 Egypt time. Prior to that, during the European session, the Euro's pri…

The Reserve Bank of New Zealand (RBNZ) surprised the markets with a jumbo rate cut of 0.50% on Wednesday. This brought the benchmark interest rate to 2.5%, its lowest level since July 2022. The rate decision has sent the New Zealand Dollar to a 6-month low.

The euro rose again during the trading session on Tuesday against the Japanese yen, as traders continue to price in the idea of a potentially loose monetary policy coming out of Japan. At this point, traders are blaming it on the election, but I have no idea why they thought Japan was ever going to have any other type of monetary policy. Japan has been loose for over 20 years now, and quite frankl…

The GBP/USD exchange rate remained in a tight range on Wednesday as investors focused on the upcoming Federal Reserve minutes. It also wavered as the US government shutdown continued. It was trading at 1.3420, down by over 2.2% from its highest point in September.

The EUR/USD exchange rate pulled back to its lowest level since September 8 as traders focused on the developments in France, where Emmanuel Macron’s efforts to prevent a political crisis failed. It was trading at 1.1657 on Wednesday, down from the year-to-date high of 1.1920.

Gold Trades at All-Time High Above $4,029; Silver Nears New 14-Year High; Precious Metals Platinum, Palladium Reach Multi-Year Highs; Reserve Bank of New Zealand Surprises With 0.50% Rate Cut; USD/JPY Breaks to New 50-Day High; Fed to Release FOMC Minutes Today; Global Stock Markets Mostly Bullish, US Indices Near Record Highs