Japanese yen soft after reported govt intervention; dollar steadies

Japanese yen soft after reported govt intervention; dollar steadies
Source link

Japanese yen soft after reported govt intervention; dollar steadies
Source link
2024.05.27 2024.05.27 Markets eagerly await BoJ move. Forecast as of 27.05.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ If you constantly wait for new evidence, you may miss the moment for decisive action. The Bank of Japan’s decisions are made by people, and their reluctance to take action hinders the yen. Let’s talk about this and make a trading plan…
Bank of Canada Interest Rate Cut to 2.5% from 2.75% September 17, 2025 Today”s correctly anticipated 25-basis point reduction of the Canadian policy interest rate followed a half-year pause in monetary easing. The new overnight rate level is half the size of the 5.0% peak that had been maintained from July 2023 until an initial…
Contribution by Philip R. Lane, Member of the Executive Board of the ECB, to the panel on “Reassessing the effectiveness and transmission of monetary policy” at the Federal Reserve Bank of Kansas City Economic Symposium Jackson Hole, 24 August 2024 Introduction My aim in this contribution is to provide a euro area perspective on the…
As the EUR/USD chart shows today, the euro has strengthened against the US dollar, climbing above the 1.1670 level, compared to the 1.1400 area at the beginning of the month. Why Is EUR/USD Rising? According to Reuters, the US dollar’s weakness is being driven by: → Expectations of a Federal Reserve rate cut, which intensified…
A French minister has said she is taking legal action against an unidentified man who was filmed lighting a cigarette from a memorial flame at a major Paris war monument. The video of a man stooping to light a cigarette from the fire at the Tomb of the Unknown Soldier under the Arc de Triomphe,…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday February 11th and shows a quick view of how large market participants (for-profit speculators and commercial traders) were positioned in the futures markets….