Most U.S. Federal Reserve (Fed) officials showed concern last month about the possibility of lowering interest rates too quickly, noting that the risks of lowering rates too quickly outweigh the risks associated with maintaining high borrowing costs for an extended period. The minutes of the Federal Open Market Committee meeting held on January 30-31 reported […]

Canada’s annual inflation fell to 2.9%, largely due to a reduction in fuel prices, according to Statistics Canada data. This marks the first occurrence since June of the previous year that the annual rise in consumer prices has dipped below 3%. These numbers bring inflation ever closer to the Bank of Canada’s target level of 2%. […]

The U.S. dollar (USD) is losing ground in early European trading today but remains near recent highs, as expectations persist that U.S. interest rates will stay high for some time. Meanwhile, the euro (EUR) faces a crucial test with the upcoming wage data release later today. With the U.S. stock market reopening today after its […]

U.S. Federal Reserve (Fed) Governor Christopher Waller said the U.S. dollar (USD) is likely to sustain its dominant status around the world despite recent threats from both cryptocurrencies, the promotion of the Chinese yuan and the strengthening of the euro. “I do not expect the US dollar to lose its status as the world’s reserve […]

In January, China recorded the most significant drop in consumer prices in more than 14 years, while producer prices also fell. This phenomenon underscores the ongoing deflationary risks that Asia’s largest economy is struggling with as it seeks to recover. Consumer Price Indices in decline According to data from the National Bureau of Statistics (NBS), […]

Today’s trading showed notable movements, as the euro started as the strongest currency in the market but fell after the U.S. inflation rate of 3.4% was announced. Although the euro was the currency that most marked the market trends, behind it there were also others that registered striking movements, such as the pound sterling, which […]

The British pound increased its value in the market shortly after the release of the data regarding inflation in the United Kingdom. Inflation has been stable recently in the UK, thanks to the Bank of England’s (BoE) firm policy on interest rates to combat inflation. One key piece of data is the UK consumer price […]

The yuan lost value in response to China’s economy growing much less than expected. It barely surpassed the government’s estimate of 5% for 2023, marking one of the worst growth rates in over three decades. This means that the rebound after the health crisis did not have the expected momentum and, on the contrary, set […]

The dollar (USD) is trading lower on Monday, in a vital week ahead of key U.S. growth and inflation data and the first meeting of the Federal Reserve (Fed).C The dollar index, which follows the greenback against a basket of six other benchmark currencies, was down 0.1 percent at 102.984 at midday, falling from one-month […]

Today, the USD/JPY hit an eight-week high, rising above 148.80 before settling back at around 148.35. This move comes as markets await the Bank of Japan (BoJ) meeting scheduled for early next week with high expectations. The bank is expected to halt its negative interest rate policy, which could curb the recent depreciation of the […]