The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg up, with both nudging towards five-month highs on Monday
The yen stood firm on
Monday as the Bank of Japan kicked off its two-day
monetary policy meeting, with traders awaiting a decision on
whether the dovish central bank could finally unwind. -December 18, 2023 at 01:59 am EST
- MarketScreener
“We believe that the US Federal Reserve has probably reached its terminal rate after the most aggressive cycle of monetary policy tightening in 40 years,”…
The Hong Kong Monetary Authority kept its key interest rate unchanged in lockstep with the Federal Reserve, sparing businesses and homeowners from higher borrowing costs while the economy regains strength.
Markets were mixed Wednesday after an unremarkable US inflation report tempered expectations for an interest rate cut early next year, with attention moving to the Federal Reserve's policy statement later in the day.The Fed's two-day meeting concludes later Wednesday and most expect it to stand pat on rates, but its statement and comments from boss Jerome Powell will be parsed for pointers on its 2024 plans.