Euro on roller-coaster ride
ECB kept interest rates unchanged, but the Euro went through a roller-coaster ride.
ECB kept interest rates unchanged, but the Euro went through a roller-coaster ride.
The highly anticipated meeting in Doha, Qatar ended without any agreement. WTI gapped 2,000 points, fell below $40 a barrel.
Risk aversion drives demand in safe-haven, USDJPY plunges to 18-month low.
Dollar weakens on Yellen’s dovish comments; EURUSD hits 5-month high.
Sterling crumbles on fear of Brexit, poor data and dollar strength.
Four central banks announced their monetary policies last week.
Reserve Bank of New Zealand (RBNZ) took the market by surprise last week; slashing interest rates by 25 basis points to a record low of 2.25%.
The Reserve Bank of Australia (RBA) kept rates unchanged in their latest announcement.
The Sterling made headlines last week, plunging to its 7-year low on fear of “Brexit”.
The Cable opened the week with a 130+ pips gap lower than last Friday’s closing price.