The wait is almost over, or so it seems as
financial markets continue to price in the first Fed Fund rate hike since
mid-2006 at next week’s FOMC meeting.
According to Andrzej Pioch at L&G Multi-Index Funds, “The ...
Last week’s ECB decision, which
disappointed many in the market, has helped relieve some of the upward pressure
on the Swiss franc and on the Swiss National Bank (SNB) to further ease
monetary conditions, according to Joachim Corbach, head ...
recovered from a dip after strong US non-farm payroll (NFP) figures were
released, closing almost flat for the day.
After the NFP
showed that the US economy generated 211,000 new jobs in November, meaning that
the Federal Reserve Bank ...
Implementing an effective settlement mechanism for CNH is
likely to be a “tipping point” for increasing trading volumes in this currency,
according to senior staff at EBS BrokerTec.
EBS BrokerTec’s USD/CNH currency pair has been something of
The monetary policy announcement by the
European Central Bank sent EURUSD flying more than 440 points higher, the
largest intra-day move in the pair since March 18, 2009.
The ECB cut rates by 10bp, less than the
market had been expecting, and during ...
Today the International Monetary Fund (IMF) executive
board completed its regular five-yearly review of the basket of currencies that
makes up the Special Drawing Rights (SDR) basket and decided that the Chinese
renminbi (RMB) meets the existing criteria to be ...
Following the hawkish
October FOMC meeting and November’s near ‘perfect’ employment report, it has
almost become a given that the Fed will raise rates in December, with Fed Fund
futures assuming a 70-80% probability.
Markets of all hues