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Forex Today: US Dollar struggles to gather strength after Fed, attention turns to BoE
Here is what you need to know on Thursday, March 20: The US Dollar (USD) finds it difficult to outperform its rivals on Thursday as markets digest the Federal Reserve's (Fed) policy announcements.Fxstreet
Thu, Mar 20
Dollar steady as Fed's rate cut view calms market nerves
SINGAPORE, March 20 (Reuters) - The dollar steadied near five-month lows on Thursday after the Federal Reserve indicated rate cuts were likely later this year despite uncertainties around U.S. tariffs, while the pound hit a four-month high ahead of the Bank of England's policy decision.Reuters
Thu, Mar 20
Yuan eases as China sets weakest fix in two months
SHANGHAI, March 20 (Reuters) - The yuan eased against the U.S. dollar on Thursday after China sets its official midpoint rate at the weakest in two months, signalling authorities are keen to prevent quick or sharp gains in the currency against a declining greenback.Reuters
Thu, Mar 20
GBP/JPY Price Forecast: Slides below 193.00 ahead of BoE; set up warrants caution for bears
The GBP/JPY cross attracts sellers for the second successive day on Thursday and extends this week's retracement slide from the vicinity of the 195.00 psychological mark, or over a two-month high.
Fxstreet
Thu, Mar 20
Australian dollar dragged by soft jobs data, kiwi fails to get GDP boost
SYDNEY, March 20 (Reuters) - The Australian dollar fell on Thursday after a soft jobs report narrowed the odds of a rate cut in May, while the kiwi failed to draw much support from data showing its economy has crawled out of a recession given significant pockets of weakness. The Aussie AUD=D3 slippe...Reuters
Thu, Mar 20
FACTBOX-Global banks raise China's growth forecast, ease bearish yuan views
SHANGHAI, March 20 (Reuters) - Global investment banks have raised their projections for China's economic growth and turned less bearish on the Chinese currency after early signs of economic recovery, though concerns over escalating trade disputes with the U.S. persist.Beijing rolled out fresh s...Reuters
Thu, Mar 20
FOREX-Dollar wobbles as Fed soothes market nerves with rate cut projection
Sterling at four-month high ahead of BoE meeting Dollar on the back foot as Fed hints rate cuts likely this yearAussie slips after soft labour dataBy Ankur Banerjee SINGAPORE, March 20 (Reuters) - The dollar was softer on Thursday after the Federal Reserve indicated interest rate cuts were likely...Reuters
Thu, Mar 20
