• BOC Slashes Rates Over COVID-19 Threat

    BOC Cuts Rates by 0.5% The severity of the ongoing COVID-19 outbreak has been made very clear this week. Following a well-expected rate cut from the RBA on Tuesday morning and a surprise rate cut from the Federal Reserve on Tuesday evening, the BOC became the third central bank in the G10 bloc to cut […]

  • Worst Performing Currencies 2019

    Australian Dollar -4.63% At just short of 5% down on the year against USD, the Australian Dollar takes home the crown for worst performing currency in the G10 space. Over the course of the year, the Australian Dollar was hard hit by the breakdown in US-Sino trade talks which put a great deal of pressure […]

  • The Friday Forex Takeaway – Episode 10

    Key Points from This Week FOMC Meeting Minutes The minutes of the October FOMC meeting were interesting given that the tone of discussions was more dovish than the market was expecting. Policymakers noted that risks to the US economy remain elevated and while most supported the decision to keep rates on hold now, the potential […]

  • RBA Cuts Rates To New Record Lows

    RBA Cuts Rates Further The Reserve Bank of Australia lowered its headline interest rate by a further 25 basis points overnight. The official cash rate in Australia now stands at a record low of .050%. The reduction was well signalled and follows recent comments from governor Lowe explaining the likely need for further monetary easing. […]