No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
The New Zealand dollar is up 18% from its October low. New Zealand's currency was boosted by the easing of COVID curbs in China and optimism about the fact that rates are nearing their peak.
On Friday, the Bank of England (BoE) announced its intention to sell bonds (short-, medium- and long-term) starting from January 9. This measure will be part of the quantitative tightening program. Five auctions are planned for every announced bond’s type.
According to a report by the Telegraph, increasing of interest rates in Great Britain poses risks to 365,000 rental objects.
Giancarlo Giorgetti, Italy's Minister of Economy and Finance, noted in a statement on Saturday that the possibility of another rate hike by the European Central Bank (ECB) is worrying for heavily indebted states, including Italy.
The AUDUSD pair fell sharply on Thursday, then settled slightly lower than 0.67 on Friday. Analysts at Danske Bank predicted that the pair is likely to keep sliding in the coming months. Thus, AUDUSD may reach 0.66 in three months, and then hit 0.65 in half a year.
According to ANZ Bank economists’ forecasts, the gold price will rise to $1,900 by the end of next year.
After the start of trading on Monday, the yen rapidly soared, triggered by speculation of a possible Bank of Japan pivot towards a more hawkish attitude.
A World Economics survey shows the influence of the rising number of COVID-19 cases on economic activity.
The EURUSD climbed to 1.07 after the European Central Bank (ECB) delivered its interest rate hike. Economists at Nordea expect EURUSD to go up to 1.10 over the next month. In their views, it will hover around 1.13 by the end of 2023.
The deputy head of the Japanese central bank Hirohide Yamaguchi said to Reuters that the bank should be more flexible when it comes to monetary policy. Also, next year it will be necessary to increase the target for long-term interest rate.