Forex trading

Peruvian Interest Rate Cut September 13, 2024 There has been a 25-basis point further cut in the reference interest rate of the Central Reserve Bank of Peru. The new 5.25% level constitutes a 27-month low and is down from the 7.75% peak maintained from June 2023 until September 2023. According to a released statement, “Year-on-year…

Speculation that the Fed Cuts By 50 BPS Gaining Traction September 5, 2024 The cooling U.S. labor market is a main focus with a series of key releases this week. Investors learned yesterday that job openings and quits dropped more sharply in July. Later in the day came the release of the Fed’s Beige Book…

Canadian 25-Basis Point Interest Rate Cut As Expected September 4, 2024 The Bank of Canada’s Governing Council agreed as expected to its third quarter percentage point reduction since June. Consumer price inflation has receded from 8.1% at peak in June 2022 to a 40-month low of 2.5% last month. The central bank interest rate had…

Chilean Interest Rate Cut September 4, 2024 The Central Bank of Chile announced its ninth interest rate reduction since July 2023. The latest cut of 25 basis points to 5.5% follows 250 basis points of easing during the first half of this year preceded by 300 basis points of cuts in the second half of…

Financial Market Risk Aversion Persisting September 4, 2024 Equity markets slumped today by 4.5% in Taiwan, 4.2% in Japan, 3.2% in South Korea, 1.1% in Singapore and Hong Kong, and 0.7% in China. Major European stock markets are down around 0.5-1.0%, and U.S. futures point to a further decline, led by the tech sector. Nvdia,…