Fed Cuts Interest Rates, USD Sold
Fed Cuts Interest Rates, USD Sold
U.S. Dollar Trading (USD) the Federal Reserve wrapped up its 2 day meeting with a statement that it was cutting rates to 1.0% from 1.5% and that the door was open for more cuts as the US economy slows. Durable goods in September unexpectedly rebounded higher to 0.8% vs. -1.5% […]
RBNZ Slashes Rates by the Most On Record to 6.50%
RBNZ Slashes Rates by the Most On Record to 6.50%
The New Zealand dollar is trading choppily above key support back as the Reserve Bank of New Zealand slashed their Overnight Cash Rate (OCR) target by 100bps to 6.50 percent, which is the sharpest cut since the OCR was introduced in March 1999.
While inflation measures remain […]
Bank of Canada Cuts Rates Less Than Expected to 2.25%
Bank of Canada Cuts Rates Less Than Expected to 2.25%
The Bank of Canada cut the overnight rate target by 25bps to 2.25 percent, the second reduction this month after participating in the October 8 coordinated rate cuts with the Federal Reserve and European Central Bank, among others. However, the reduction was less than expected, as […]