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FX Outlook: As Hawkish as It Gets

Spot Gold dropped $56.10 or 1.33% to $4,152.90 at 17:46 GMT Friday, extending the selling into the end of the week after the most consequential Fed meeting in months. For the week the metal lost 1.55%. This was not a ge…

Breaking: Bank of England keeps its policy rate at 3.75%

At its September meeting, the Bank of England (BoE) held its policy rate at 3.75%, as markets had anticipated. The vote, however, exposed a split on the Monetary Policy Committee (MPC) as three members supported a 25-ba…

Indian Rupee finds interim support from RBI's intervention

The Indian Rupee (INR) finds some buying interest against the US Dollar after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian R…

New Zealand GDP in the barrel with the Kiwi at July lows

New Zealand reports second-quarter growth later on Wednesday, or early on Thursday depending on where you are relative to the international date line, and the forecast is 0.1% for the quarter, down from 0.8% in the firs…

Trump demands 1% rates hours after the Fed raised them

Trump posted on Wednesday that US rates should be 1% or less and that the country has the strongest credit anywhere. He also wrote that cutting off trade with every nation the US runs a deficit with would earn at least …

New Zealand Dollar sinks toward its July low after the Fed hikes

NZD/USD has dropped in six straight sessions. The run started near 0.5900 on September 8, went through both long-run averages near 0.5850 early in the run, and the last three sessions have been the biggest of the lot. T…

US Federal Reserve sends Gold to fresh one-month lows

Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market …