ECB’s Vujcic: Rate cuts will continue next year
The European Central Bank (ECB) is poised to maintain its course of rate reductions into 2024, according to Boris Vujcic, a Governing Council member. Speaking on the outlook for the eurozone economy, Vujcic emphasized the importance of adjusting policy to counter slowing inflation and waning economic activity, signaling the continuation of a dovish stance. The […]
AUD/USD holds steady near 0.6250 ahead of RBA Minutes
The AUD/USD pair held its position near 0.6250 on Monday as traders braced for the release of the Reserve Bank of Australia’s (RBA) meeting minutes. With minimal movement in early trading, market participants are closely watching for clues on the central bank’s future monetary policy direction amid ongoing inflationary pressures. Investors are particularly focused on […]
USD/CAD Price Annual Forecast: Battered Loonie unlikely to be saved by Fed rate cuts
The USD/CAD pair has shown resilience despite broader expectations of a potential shift in Federal Reserve policy next year. Market analysts suggest that the battered Canadian dollar is unlikely to find relief even if the Fed pivots to rate cuts, as other factors weigh heavily on its outlook. Weakness in the Loonie stems from Canada’s […]