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FX Desk

Australian Dollar rebound offsets the hawkish Fed hike

AUD/USD rebounds near the 0.7110s area on Thursday after the pair spent recent sessions nursing losses on bets for a hawkish Federal Reserve (Fed). At the time of writing, the pair rises by over 0.40%…

British Pound loses its footing as BoE hold meets Fed hike

The Pound Sterling (GBP) extends its losses on Thursday after the Bank of England's (BoE) decision to hold rates unchanged in a 6-3 vote, while leaving the door open for a potential hike. This, along …

Euro: Stabilizing with policy support – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret say EUR/USD is stabilizing after Wednesday’s Fed decision, as improving Germany-US 2-year yield spreads and a hawkish ECB stance support the euro.…

Gold climbs over 2% as US Dollar trims post-Fed gains

Gold (XAU/USD) holds near its daily high on Thursday after rebounding sharply earlier in the day as the US Dollar trims some of its post-Fed gains. A cooldown in the Oil rally also pulls US Treasury y…

FX Outlook: As Hawkish as It Gets

Spot Gold dropped $56.10 or 1.33% to $4,152.90 at 17:46 GMT Friday, extending the selling into the end of the week after the most consequential Fed meeting in months. For the week the metal lost 1.55%…

Breaking: Bank of England keeps its policy rate at 3.75%

At its September meeting, the Bank of England (BoE) held its policy rate at 3.75%, as markets had anticipated. The vote, however, exposed a split on the Monetary Policy Committee (MPC) as three member…