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Australian Dollar gains ground after rate cuts in China, remarks from RBA Hauser

The Australian Dollar (AUD) extended its winning streak against the US Dollar (USD) for the third consecutive session on Monday.
New
update2024.10.21 10:50

RBA's Hauser: Monetary policy is ready to respond in either direction

Reserve Bank of Australia (RBA) Deputy Governor Hauser spoke at the CBA 2024 Global Markets Conference in Sydney on Monday.
New
update2024.10.21 10:38

Fed's Bostic says he is not in a rush on rate cuts

Atlanta Federal Reserve Bank President Raphael Bostic said on Friday that he is not in a rush on rate cuts and see the case for rate reduction in the central bank's policy rate to somewhere between 3% and 3.5% by the end of next year, per Reuters.
New
update2024.10.21 10:27

PBOC sets USD/CNY reference rate at 7.0982 vs. 7.1274 previous

On Monday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0982, as compared to Friday's fix of 7.1274 and 7.0990 Reuters estimates.
New
update2024.10.21 10:20

PBoC cuts 1-year and 5-year Loan Prime Rates by 25 bps, as expected

The People's Bank of China (PBoC) announced on Monday that it cut the one-year Loan Prime Rate (LPR) by 25 basis points (bps) from 3.35% to 3.10% and cut the five-year LPR from 3.85% to 3.60%.
New
update2024.10.21 10:10

GBP/USD consolidates around mid-1.3000s, seems vulnerable amid bullish USD

The GBP/USD pair struggles to capitalize on modest recovery gains registered over the past two days and oscillates in a narrow range, around the 1.3050-1.3045 region during the Asian session on Monday.
New
update2024.10.21 09:40

EUR/USD hovers near 1.0850, downside seems possible due to shift in policies outlook

EUR/USD remains steady after gains in the previous session, hovering around 1.0860 during Monday's Asian trading hours.
New
update2024.10.21 09:38

Israel carries out new wave of air strikes on southern Beirut

The Israeli army launched a series of new air strikes across Lebanon, including Beirut's suburbs, after it announced the targeting of Hezbollah's al-Qard al-Hassan financial institution's offices, per the local news agency Aljazeera.
New
update2024.10.21 09:36

ECB's Villeroy expects inflation to be at 2% early next year

The European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Saturday that the Euro-area consumer-price growth probably will be at the ECB's 2% target in early 2025, per Bloomberg.
New
update2024.10.21 09:12

Gold Price Forecast: XAU/USD hits another record high above $2,700

The Gold price (XAU/USD) extends its upside to around $2,720 during the early Asian session on Monday.
New
update2024.10.21 09:01

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