Currency Newswire » Interest Rates

Rate Hike Expectations Moderating

admin — Wed, 24 Jun 2009 19:25:44 +0000

Inflation expectations last seen at a local Duane Reade buying lots of vaseline.

Impact of ECB and BoE Rate Decisions on EUR/GBP

admin — Thu, 05 Feb 2009 00:23:38 +0000

Over the next 24 hours, the Bank of England and the European Central Bank will be making interest rate announcements. The Bank of England is the only central bank expected to cut interest rates, but that does not mean that the Euro stay stationary. In fact, we expect some big action in both currencies, which could lead to more volatility for EUR/GBP.

Rand Falls Against Dollar on Bets Rate Cuts Won’t Stop Slowdown (Bloomberg)

admin — Wed, 04 Feb 2009 16:48:31 +0000

Feb. 4 (Bloomberg) — South Africa’s rand weakened against the dollar on concern slowing economic growth will make it difficult for the nation to finance its current-account deficit even as policy makers cut interest rates to boost the economy.

Euro drops against dollar (AFP via Yahoo! News)

admin — Wed, 04 Feb 2009 16:48:30 +0000

The euro fell against the dollar in European trading on Wednesday, the eve of a keenly-awaited decision on interest rates from the European Central Bank.

Dollar jumps on euro, pound (CNN Money)

admin — Wed, 04 Feb 2009 16:48:30 +0000

The dollar rose strongly against the euro and pound Wednesday, after weak economic reports from the region supported many investors’ beliefs that the regions’ central banks will cut interest rates on Thursday.

Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

admin — Tue, 03 Feb 2009 22:45:05 +0000

Feb. 3 (Bloomberg) — The pound dropped against the euro for a second day on speculation economic reports this week will add to evidence the Bank of England needs to cut interest rates further to revive growth.

View of the Day: How to defend the rouble (Financial Times)

admin — Tue, 03 Feb 2009 22:45:04 +0000

If the Russian central bank is to defend the new floor it has set for the rouble, further rises in interest rates will be required, says Neil Shearing at Capital Economics.

Australian Dollar Trades Near Two-Month Low as Rate Cut Looms (Bloomberg)

admin — Tue, 03 Feb 2009 16:43:48 +0000

Feb. 3 (Bloomberg) — The Australian dollar traded close to a two-month low and New Zealand’s neared its weakest in six years on speculation the Reserve Bank of Australia will cut interest rates more than economists estimate to the lowest since the 1960s.

U.K. Pound Declines Against Euro on Speculation Slump Deepening (Bloomberg)

admin — Tue, 03 Feb 2009 16:43:47 +0000

British pound shows weakness against majors (Nasdaq)

admin — Tue, 03 Feb 2009 16:43:47 +0000

(RTTNews) – During early deals on Tuesday, the British pound showed weakness against its major counterparts on increased speculation that the Bank of England will cut interest rates this week.

Australian Dollar Falls to Two-Month Low; N.Z. Dollar Weakens (Bloomberg)

admin — Mon, 02 Feb 2009 16:47:05 +0000

Feb. 2 (Bloomberg) — The Australian dollar weakened to the lowest level in two months on speculation the central bank will cut interest rates tomorrow to the lowest since at least 1964, damping demand for the nation’s assets.

Euro slips as dealers bet on ECB rate cut (AFP via Yahoo! News)

admin — Mon, 02 Feb 2009 16:47:04 +0000

The euro dipped against the dollar on Monday as traders bet that the European Central Bank would cut interest rates later this week in a bid to boost ailing eurozone economies, analysts said.

New Zealand Cuts Interest Rates by 150bp to 3.5%

admin — Wed, 28 Jan 2009 23:29:04 +0000

The Reserve Bank of New Zealand has surprised the markets once again by cutting interest rates 150bp to 3.5 percent, the lowest level in 10 years. Today’s rate cut matches their move in December, which at that time, was the largest ever.