European markets rise as USD weakens post-Fed, while Eurozone Q2 GDP growth exceeds expectations at 0.4% quarterly. The Bank of England kept its bank rate unchanged at 3.75% in its July meeting, aligning with market expectations. The decision follows a mixed session as inv
The US Dollar gives back its opening gains and flips on its head during the European trading session on Thursday. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower to near 100.70 after falling from
MUFG’s Derek Halpenny highlights that the Federal Reserve’s decision to leave rates unchanged, and Chair Warsh’s failure to clearly justify the pause, triggered a sell-off at the long end of US Treasuries and modest Dollar weakness. He stresses that Fed credibility is now
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is consolidating after a rally driven by stronger-than-expected Eurozone Q2 GDP at 0.4% quarter-on-quarter. The recovery in Eurozone activity and above-target inflation reinforce expectations for a European Centr
Commerzbank analysts see limited FX impact from political efforts to hold NBP Governor Glapinski accountable before the State Tribunal. Poland’s Sejm is accelerating efforts to hold National Bank of Poland Governor Adam Glapinski accountable before the State Tribunal over
XAU/USD remains range-bound between $4,000 and $4,200 as traders weigh Fed guidance against rising long-term Treasury yields. Gold (XAU/USD) traded around $4,080 in European hours, recovering from an intraday low of $4,022 but failing to sustain gains above $4,100. The Fed
GBP/USD falls to near 1.3380 after the Bank of England holds rates, disappointing some investors expecting a hawkish tilt. The British Pound (GBP) declined against its major peers following the Bank of England’s (BoE) monetary policy decision, with GBP/USD retreating from
The Bank of England kept rates steady but a 6-3 vote split surprised markets, weakening the pound against the dollar. The Bank of England left interest rates unchanged at 3.75%, matching expectations, but the pound fell after a closer-than-expected vote. Six of nine Moneta
Societe Generale forecasts the Bank of England will maintain rates at 3.75% amid mixed inflation and labor data, with GBP/USD seasonality turning negative. The Bank of England is poised to keep its benchmark rate at 3.75% at its upcoming meeting, reflecting mixed economic
TD Securities expects limited dollar weakness unless US economic data deteriorates significantly in coming weeks. The US Dollar Index fell 0.3% following the Federal Reserve’s July rate hold and Chair Warsh’s press conference, which lacked hawkish guidance. The move aligne
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