BoK likely to stay pat at first policy meeting of 2017
Jan 09, 2017 07:00 am UTC| Commentary Economy Central Banks
The Bank of Korea (BoK) is expected to hold its first monetary policy meeting on Friday, January 13. It is widely expected to keep its benchmark interest rate unchanged at 1.25 percent for foreseeable future as exports...
Jan 09, 2017 06:44 am UTC| Digital Currency Central Banks
The US Fed interest rates impact on bitcoin to a degree that most people will not grasp. In an evolution of currency system, weve reachedthe stage where everythingaround commerce has been digitalized, from barter to gold,...
FxWirePro: The Day Ahead- 9th January 2017
Jan 09, 2017 06:35 am UTC| Commentary Central Banks Economy
Lots of economic data and events scheduled for today But all with low to medium volatility risks associated. Data released so far: Australia: Building permits up 7 percent in November, down 4.8 percent from a year...
Banxico intervenes for second consecutive session to bolster exchange rate from record lows
Jan 06, 2017 16:05 pm UTC| Commentary Central Banks Economy
The Mexican peso tumbled to the lowest level since its re-denomination in 1993 amid concern over U.S. trade policy. MXN had eased notably against USD, but the currency climbed as much as 1.5 percent after Banxico confirmed...
Jan 06, 2017 12:31 pm UTC| Insights & Views Economy Central Banks
Denmark is set to extend economic recovery for the fifth consecutive year. Recovery in the Nordic nation has been relatively moderate till now. But there is more distinct possibility of a more robust recovery on robust...
Jan 06, 2017 10:29 am UTC| Commentary Central Banks
Chinese currency is experiencing unprecedented volatility in the offshore market. Just hours ago we at FxWirePro, were covering stories on rising HIBOR, which rose to the second highest level at 61.83 percent today and how...
Banxico quivers before Trump tweets
Jan 06, 2017 08:05 am UTC| Commentary Central Banks
2016 was a pretty volatile year for the Mexican peso. In 2016, the currency depreciated by more than 15 percent and the decline against the dollar accelerated after Donald Trump got elected as the next President of the...
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