The BoE’s Monetary Policy Committee voted unanimously to keep the central bank’s record low interest rates on hold and the rate of bond purchases at their current levels.
The European markets are busy assessing the outcome of the first round of the presidential elections in France. Makron and Le Pen almost equalled in the presidential race, which is causing serious fear among the investors.
One-third of the increase in OPEC cartel production will come from Iraq and Iran. Together with the growing demand for energy, the IEA report looks optimistic.
It seems that the low tide of the Dollar is only temporary as market segments suggest a rise after the Congress meeting.
The Dollar weakens ahead of Trump’s speech, as Oil advances because China is dealing with decline.
The Dollar reverses gains ahead of Yellen speech, German GDP falls short of estimates.
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Trump sends his love to Chine with another assault, as Dollar plunges. May ” to China, Dollar plunges. May says she’ll put final Brexit deal to vote in both Houses of Parliament.
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Market performance suggests trading volumes are limited ahead of the Christmas holidays. The Dollar trades with a little change against other major currencies.
The European currency staged a rebound after surrendering to the pressure from Dollar, sending the currency to a 13-years low.
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The US Dollar rallied as economic data signals expansion. Oil is trading flat in the wait of OPEC market solution.
ECB head Draghi noted that the timid inflation pace may force the bank to extend the QE. The Dollar resumes gains, as Oil stays near a three-week high thank to undecided OPEC.