EUR/USD losses steady in the upper 1.08s. Economists at Scotiabank analyze the pair’s outlook.
Blogs
Euro remains capped near one-month lows with all eyes on the US Retail Sales
The Euro languishes at one-month lows amid broad-based Dollar strength.
US Dollar erases losses as Fed’s Waller backtracks
The US Dollar (USD) roars with the US Dollar Index (DXY) popping above a few important technical levels. The move comes with markets finally realizing that rate cuts will not take place before June for either the US Federal Reserve (Fed), the
Oil in the red with Russia breaking production cut commitment
Oil prices are dropping nearly 1% again this Wednesday with Oil traders sending the black fuel cheaper. The move comes on recent numbers from Russia that reveal it is not complying with the production cuts it agreed upon in the last OPEC+
USD/CHF reaches one-month highs near 0.8650 ahead of US Retail Sales
The US Dollar rallies to fresh one-month highs on dwindling hopes of Fed cuts.
Gold price remains on backfoot as traders pare Fed rate cut bets
Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has casted doubts about a rate cut by the central bank in the March meeting.
US Dollar likely to stay strong in the months ahead – HSBC
The US Dollar (USD) is likely to remain strong in the months ahead, according to economists at HSBC.
Brazil Retail Sales (MoM) in line with forecasts (0.1%) in November
Brazil Retail Sales (MoM) in line with forecasts (0.1%) in November
United States MBA Mortgage Applications climbed from previous 9.9% to 10.4% in January 12
United States MBA Mortgage Applications climbed from previous 9.9% to 10.4% in January 12
ECB likely to cut rates in summer, Lagarde says in Davos
Christine Lagarde, President of the European Central Bank (ECB), is set to speak on Wednesday at 15:15 GMT at the World Economic Forum (WEF), in Davos.