Page 37 - Nterestrate News Today

The EUR/USD pair lacks any firm intraday direction on Wednesday and oscillates in a narrow trading band, around the 1.0700 round-figure mark during the Asian session.

Bank of England (BoE) Governor Andrew Bailey is speaking at the Central Bank of Ireland Financial System Conference, in Dublin, on Wednesday.

The Dollar rebound has started to gain some momentum. Economists at ING analyze USD outlook.

Since the start of the week, Sterling has been depreciating.

Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the $1,957-1,956 region or a two-week low, and oscillates in a narrow trading band during the Asian session on Wednesday.

Alfred Kammer, the head of the International Monetary Fund’s (IMF) European Department suggested on Wednesday that the European Central Bank (ECB) should maintain interest rates at or near 4.0% through the next year to bring inflation down.

The Zloty has been rather stable for the last few weeks. Economists at ING analyze EUR/PLN outlook ahead of the National Bank of Poland meeting.

The Reserve Bank of Australia (RBA) is widely expected to resume tightening when it meets on Melbourne Cup Tuesday, having held the benchmark interest rate steady for four straight meetings.

AUD/USD rally stalls around the 0.6520s area as traders brace for the Reserve Bank of Australia (RBA) monetary policy meeting later during Tuesday’s Asian session at 03:30 GMT.

Minneapolis Federal Reserve Bank President Neel Kashkari, in an interview with the Wall Street Journal on Monday, said that he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the central bank's 2% target.