Fx News

Breaking: BOE hikes policy rate by 75 bps to 3% as expected

Following its November coverage meeting, the Bank of England (BoE) introduced that it raised the coverage fee by means of seventy five groundwork factors (bps) to 3%. Policymakers voted 7-2 in favour of this decision. One policymaker voted for a 25 bps hike and one voted for a 50 bps. Follow our stay insurance of the BoE coverage bulletins and the market reaction. Market reaction The British pound…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Trading Patterns

Forex Today: Dollar clings to recovery gains ahead of inflation data

Here is what you want to comprehend on Friday, October 28: The greenback holds its floor towards its competitors early Friday with the US Dollar Index consolidating Thursday’s sturdy restoration positive aspects above 110.50. German Q3 Gross Domestic Product and October inflation records will be featured in the European monetary docket alongside patron and commercial enterprise sentiment…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region