Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus
Japanese Yen Weakens Amid Fading Hopes for BoJ Rate Hikes, FOMC Minutes in Focus The Japanese Yen (JPY) continued to drift lower against the US Dollar (USD) on Wednesday, approaching levels last seen in mid-August. Recent economic data from Japan revealed that real wages declined in August after two consecutive months of gains, while household […]
New Zealand Dollar Hits Seven-Week Low After RBNZ Cuts Interest Rate by 50 bps
New Zealand Dollar Hits Seven-Week Low After RBNZ Cuts Interest Rate by 50 bps The New Zealand Dollar (NZD) has dropped to its lowest level since mid-August, following the Reserve Bank of New Zealand’s (RBNZ) decision to cut the Official Cash Rate (OCR) by 50 basis points, lowering it from 5.25% to 4.75% at the […]
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes
USD/CHF Gains Momentum Above 0.8550 Ahead of FOMC Minutes The USD/CHF pair is trading higher, hovering around 0.8575 during early European trading on Wednesday. This strength comes from a firmer US Dollar (USD), supported by fading expectations of aggressive rate cuts by the Federal Reserve (Fed). Investors are now focused on the release of the […]