GBP/USD reversed its direction after dipping below 1.2700 and closed in positive territory above 1.2750 on Thursday.
Blogs
US Dollar stuck at 102 area despite Fed Mester’s pushback against March cut
The US Dollar (USD) should be expected to be trading around 103 in its US Dollar Index (DXY) after the red-hot inflation data from Thursday. The headline inflation rate was the biggest omen for Greenback bears who are betting on quick interest
Gold price rallies amid deepening Middle East tensions, steady Fed rate cut bets
Gold price (XAU/USD) delivers a swift recovery as investors are confident about an interest rate cut by the Federal Reserve (Fed) at its monetary policy meeting on March 20 – such a move would support non-yielding assets such as Gold.
USD/CAD to continue its downtrend toward 1.30 by year-end – BofA
Economists at the Bank of America expect the USD/CAD pair to embark on a downward trajectory over the course of the year.
India Cumulative Industrial Output declined to 6.4% in November from previous 6.9%
India Cumulative Industrial Output declined to 6.4% in November from previous 6.9%
India Manufacturing Output dipped from previous 10.4% to 1.2% in November
India Manufacturing Output dipped from previous 10.4% to 1.2% in November
India Industrial Output registered at 2.4%, below expectations (4%) in November
India Industrial Output registered at 2.4%, below expectations (4%) in November
US: Surprisingly high inflation can hurt USD if monetary policy is perceived to be too dovish – Commerzbank
What does Thursday's US inflation data tell us? Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes why USD exchange rates did not make huge jumps after the data was released.
India FX Reserves, USD: $617.3B (January 1) vs previous $623.2B
India FX Reserves, USD: $617.3B (January 1) vs previous $623.2B
India Bank Loan Growth fell from previous 20.2% to 19.9% in December 25
India Bank Loan Growth fell from previous 20.2% to 19.9% in December 25