Market News
Market News
RBA makes a hawkish rate hike.
Aussie Gains on RBA Hawkish Tilt; Stocks Firmer Ahead of Powell Speaking.
Yen Tumbles on Report Dove Amamiya to be BoJ Governor; Stocks Lower as Sentiment Persists; RBA Expected to Hike Rates
The FED raised its interest rate by 0.25% yesterday, leaving benchmark borrowing costs at 4.75%, in what was the smallest rate rise since March 2022.
FOMC Hikes by 0.25%; FOMC Statement Slightly Hawkish; Powell Talks Down US Dollar in Presser; S&P 500 Golden Cross; Gold, Euro Reach Highs; ECB, BoE 0.50% Hikes Expected Today.
Markets Await FOMC and Expected Rate Rise; Stock Markets Higher; US Dollar Consolidates.
IMF Sees G7 Growth Except UK in 2023; Markets Quiet Ahead of FOMC Wednesday; US Dollar Strengthens.
Bitcoin Up 40% Since 2022; Global Stocks Mostly Falling; Yen Strengthens, Aussie Weakens.
Yesterday’s decision by the Bank of Canada’s Governing Council is a clear sign that its high-interest rate rise policy could be reversed later this year.
BoC Raises Rates by 0.25% to 4.50%; Chinese Stock Market Roars Ahead; Gold Reaches 9-Month High at $1948; US Advance GDP of 2.6% Expected
Australian CPI Reaches 8.4%; New Zealand Inflation Drops Slightly; Gold Reaches 9-Month High at $1942
Stock Markets Rise Strongly in Asia; Market Awaits Australian, New Zealand CPI Data
EUR/USD Currency Pair Reaches 9-Month High; ECB’s Knot Forecasts Two 0.5% Rate Hikes; US Dollar Declines.
Yen Recover’s Post-BoJ Losses; US 10-Year Treasury Yield Hits 7-Month Low; British Inflation Falls, Poor US Retail Sales, PPI Data.
The Bank of Japan held a monetary policy meeting earlier today, where it was a unanimous vote that all the current policy measures should remain in place.