Current central banks news in forex
Here are some current news and updates from central banks that may impact the forex market:
European Central Bank (ECB)
- The ECB has kept its main interest rate unchanged at 0.0% and its deposit rate at -0.5%.
- The ECB has also maintained its quantitative easing (QE) program, which is set to expire in December.
- The ECB has hinted that it may consider further monetary easing measures if the eurozone economy slows down.
Federal Reserve (Fed)
- The Fed has kept its federal funds target rate unchanged at 1.75%-2.00%.
- The Fed has also maintained its balance sheet normalization plan, which involves reducing its bond holdings.
- The Fed has hinted that it may consider cutting interest rates if the US economy slows down.
Bank of England (BoE)
- The BoE has kept its main interest rate unchanged at 0.75%.
- The BoE has also maintained its QE program, which is set to expire in August.
- The BoE has hinted that it may consider further monetary easing measures if the UK economy slows down.
Swiss National Bank (SNB)
- The SNB has kept its main interest rate unchanged at -0.75%.
- The SNB has also maintained its negative interest rate policy, which aims to keep the Swiss franc from appreciating too much.
- The SNB has hinted that it may consider further monetary easing measures if the Swiss economy slows down.
Bank of Japan (BoJ)
- The BoJ has kept its main interest rate unchanged at -0.1%.
- The BoJ has also maintained its QE program, which is set to expire in March 2023.
- The BoJ has hinted that it may consider further monetary easing measures if the Japanese economy slows down.
Other Central Banks
- The Reserve Bank of Australia (RBA) has kept its main interest rate unchanged at 0.75%.
- The Reserve Bank of Canada (BoC) has kept its main interest rate unchanged at 1.75%.
- The Bank of China has kept its main interest rate unchanged at 4.15%.
Impact on Forex
- The ECB's decision to maintain its QE program has kept the euro under pressure, with the EUR/USD pair trading around 1.12.
- The Fed's decision to keep interest rates unchanged has kept the US dollar strong, with the USD/JPY pair trading around 108.50.
- The BoE's decision to maintain its QE program has kept the pound under pressure, with the GBP/USD pair trading around 1.30.
- The SNB's decision to maintain its negative interest rate policy has kept the Swiss franc under pressure, with the USD/CHF pair trading around 0.98.
Please note that these are just some of the current news and updates from central banks, and the impact on the forex market may vary depending on various factors. It's always important to stay up-to-date with the latest news and analysis to make informed trading decisions.