Aussie is Worst Performing Major Currency After RBA’s Decision

Aussie fell in European trade on Tuesday, becoming the worst-performing major currency after the Reserve Bank of Australia’s (RBA) policy meeting. The Aussie moved away from two-month highs against the US dollar following the RBA’s decision to maintain interest rates at 4.35%, with RBA Governor Michele Bullock indicating that further rate hikes are unlikely this…

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Race for banks and asset managers are vying with Europe’s stock exchanges to develop a technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street. A consolidated tape, which aggregates stock and bond prices from competing trading platforms, has long been in place in the United…

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Europe Has Little about to “consciously uncouple” their monetary policies. The president of the European Central Bank (ECB) and the chair of the U.S. Federal Reserve (Fed) appear set to part ways in their approach to interest rates, with Lagarde likely to cut rates before Powell. While hardliners in Frankfurt worry that divergence could impact…

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Euro Approache continued its upward trajectory on Monday, gaining ground against a basket of major rivals and approaching a three-week high against the dollar. This recent surge is driven by expectations that the European Central Bank (ECB) will avoid a rush towards cutting interest rates this year, while weak US labor data has bolstered forecasts…

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Dollar Reverses higher against most major rivals on Monday, rebounding after stabilizing earlier in the session. This recovery follows Wall Street’s rebound despite weak US payrolls data on Friday, indicating that the Federal Reserve’s anti-inflation policies are having an effect, possibly paving the way for policy tightening soon. The recent developments have led to market…

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Gold Recovers prices rose in European trade on Monday, marking the first session of gains in three days, as the dollar lost ground against major rivals. The recovery in gold came after recent disappointing US labor data boosted the odds of multiple interest rate cuts by the Federal Reserve this year. Additionally, concerns about mounting…

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