During her press conference, European Central Bank President Christine Lagarde outlined the ECB’s decision to cut key interest rates by 25 basis points at the March policy meeting. She elaborated on the rationale behind the move, emphasizing its role in supporting economic stability. Lagarde also addressed questions from the media, providing insights into the ECB’s outlook … Read more
EUR/USD moves higher to near 1.0840 as the ECB reduces its Deposit Facility rate by 25 bps to 2.5%. The ECB sees the core inflation averaging to 2.2% by the year-end. US President Trump provides one month of tariff relaxation on automobiles from Canada and Mexico. EUR/USD gains further to near 1.0840 in Thursday’s North American session after the European Central … Read more
The US Dollar is facing its worst week in over one year. Traders pull their money out of the Greenback and into domestic currencies. The US Dollar Index faces devastation and devalues over 3% so far this week. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major … Read more
NZD/USD refreshes weekly high near 0.5750 as the New Zealand Dollar strengthens after Chinese officials left the door for additional monetary stimulus. PBOC Pan Gongsheng indicated that more interest rate cuts are on the table. Easing Trump tariff fears have diminished the risk premium of the US Dollar. The NZD/USD pair posts a fresh weekly … Read more
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $32.48 per troy ounce, down 0.65% from the $32.69 it cost on Wednesday. Silver prices have increased by 12.41% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 32.48 1 Gram 1.04 The Gold/Silver ratio, which … Read more
People’s Bank of China (PBOC) Governor Pan Gongsheng said on Thursday that the central bank “will cut interest rates and Reserve Requirement Ratio (RRR) at an appropriate time.” Additional quotes Will study, establish new structural policy tools for monetary policy. Will resolutely prevent exchange rate overshooting risks. Market reaction The Chinese-proxy, the Australian Dollar (AUD) … Read more