Forex Today
Forex market and the U.S dollar index trying to stabilize after yesterday’s sell-off and a strong rebound in the equities markets. The U.S CPI came in at 8.2%, year over year, above the consensus of 8.1%.
AUDUSD Lower On RBA Interest Rate Surprise
AUDUSD is trading lower today after the Australian central bank in a surprising move raised the benchmark interest rates by 25 basis points, below the expectations of a 50 basis points hike.
USDINR Steady After RBI Interest Rate Hike
USDINR is trading unchanged after the central bank of India (RBI) six-member Monetary Policy Committee delivered the third 50 basis point interest-rate hike in its attempt to battle inflation in the country while targeting to protect the economy
OECD: The world economy is slowing more than anticipated
The global economy has been hit by Russia’s invasion of Ukraine. Global economic growth stalled in the second quarter of 2022, and indicators in many economies now point to an extended period of subdued growth.
GBPUSD The Bloodbath Continues
GBPUSD plunges to fresh all-time lows at 1.0359 during the Asian trading marking the biggest one day fall and extending the previous week slide. As of writing GBPUSD trades at 1.0548 the lowest level since February 1985.
Breaking Market News
Breaking Market News
EURUSD Hits The Lowest Level Since November 2002
Euro continues to feel the pressure as Fed continues with hawkish rhetoric and Putin ordered a partial mobilization. EURUSD
Turkey Cuts Interest rates by 100 bps
The Central Bank of Turkey cut the interest rates by 100 bps from 13% to 12%
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