Asia FX flat despite Fed cut bets; rupee hits record low amid foreign outflows

Asia FX flat despite Fed cut bets; rupee hits record low amid foreign outflows
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Asia FX flat despite Fed cut bets; rupee hits record low amid foreign outflows
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Yesterday’s Fed meeting proceeded in line with expert forecasts. The base interest rate remained at 4.50%. Jerome Powell, who spoke after the Fed’s decision was announced, did not clarify the future direction of monetary policy. The head of the US regulator, in particular, noted that the Fed would not rush to cut rates and that,…
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode, we discuss: UK Inflation RateThe UK’s inflation report on Wednesday will be crucial after…
I saw this from Nomura on Friday and am a wee bit slow to post it. here it is now. – With U.S.–China trade tensions expected to escalate following the Trump administration’s latest “America First” policy review, China’s measured response to new U.S. tariffs appears to be a calculated move, according to Nomura. In a…
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GBP/NZD made a couple of failed attempts to close below the 2.2200 handle, creating what appears to be a double bottom pattern. Or is it just about to move sideways from here? GBP/NZD 4-hour Forex Chart by TradingView A less dovish than expected BOE decision last week lifted GBP/NZD close to its double bottom neckline…