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Asian currencies held steady against a weaker U.S. dollar, which was hit by softer-than-expected inflation data. The yen, however, remained pressured as markets anticipated outcomes from a Bank of Japan meeting. The Federal Reserve left interest rates on hold, projecting only one cut for the year, affecting global currency movements.
The Reserve Bank has held the Official Cash Rate (OCR) unchanged at 5.5 per cent, saying inflation is falling and should be back at target by the end of...
The Reserve Bank has held the Official Cash Rate (OCR) unchanged at 5.5 per cent, saying inflation is falling and should be back at target by the end of...
The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. ... -May 16, 2024 at 09:10 pm EDT - MarketScreener
The New Zealand dollar slid on Wednesday after the country's central bank held rates steady and trimmed its projected path for future policy, sparking a rally in bonds as markets sharply scaled back... -February 27, 2024 at 08:53 pm EST - MarketScreener