Blogs

NZD/USD continues to move in a downward direction for the second straight session on European trading hours on Thursday.

After closing the second consecutive day in negative territory on Wednesday, GBP/USD continued to edge lower early Thursday and was last seen trading at around 1.2650.

The Dollar is doing a little better and equity markets are a little softer after the Federal Reserve pushed back against early easing and US regional banks again hit the headlines, economists at ING report.

Economists at Standard Chartered expect the Pound Sterling (GBP) to underperform as the Bank of England is likely to cut at a quicker pace than they had previously expected.

USD/MXN moves in an upward direction on stronger US Dollar (USD), which could be attributed to the Federal Reserve (Fed) Chairman Jerome Powell’s dismissal of the March rate cut.

The Eurozone Harmonised Index of Consumer Prices (HICP) rose at an annual pace of 2.8% in January, a tad slower from December’s 2.9% increase, the official data published by Eurostat showed on Thursday.

Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.9% (January) vs previous 0.5%

Eurozone Unemployment Rate meets forecasts (6.4%) in December

Italy Consumer Price Index (EU Norm) (MoM) registered at -1.1% above expectations (-1.3%) in January

Eurozone Harmonized Index of Consumer Prices (MoM): -0.4% (January) vs previous 0.2%