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USD/IDR gains sharply to near 16,400 as the Bank Indonesia surprises with a reduction interest rates. The BI lowers the repo purchase rate to 4.75% to boost economic growth. Investors await the Fed’s monetary policy announcement at 18:00 GMT. The USD/IDR pair climbs to near 16,400 during the Europea

Gold corrects from the record high touched on Tuesday amid a modest USD recovery.Dovish Fed expectations should cap the USD and support the non-yielding commodity.Rising geopolitical tensions might contribute to limiting losses ahead of the Fed decision. Gold (XAU/USD) attracts some sellers during t

📰 Quick Market Wrap Asian stocks opened higher after Wall Street’s record rally, fueling optimism across the region. The MSCI Asia-Pacific Index is hovering near its all-time highs. All eyes are on the upcoming Fed meeting, with expectations of a small rate cut that could reshape global monet

Summary The European Central Bank (ECB) held its Deposit Rate steady at 2.00% at today's monetary policy announcement, keeping its monetary policy stance on hold for the second meeting in a row. The accompanying statement was neutral in tone and offered little in the way of forward guidance on futur

The Dollar is softer, not collapsing, but caught in that familiar downward drift again — and this time the slide is tethered to the slow unravelling of the U.S. labour market narrative. The benchmark revisions due later today are now the fulcrum of the FX market, because they will decide whether the

Here is what you need to know on Thursday, September 4: Financial markets turn relatively quiet early Thursday, following the volatile action seen in the first half of the week. The US Dollar (USD) holds its ground as investors await key macroeconomic data releases, including weekly Jobless Claims,

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GBP/JPY climbs to near 200.00 amid weakness in the Japanese Yen.Japan’s Akazawa is yet to schedule meeting on investment in the US with Washington.BoJ Himino expressed support for tightening the monetary policy further. The GBP/JPY pair reclaims the psychological level of 200.00 during the Asian tra