Forex news march 2015
Here are some significant Forex news events that occurred in March 2015:
March 2, 2015
- The US Federal Reserve (Fed) kept interest rates unchanged, but hinted at a potential rate hike later in the year. The US dollar strengthened against most major currencies.
- The European Central Bank (ECB) cut its main interest rate to a record low of 0.05% to stimulate the eurozone economy.
March 9, 2015
- The US Labor Department reported a stronger-than-expected jobs report, with 295,000 new jobs created in February. The unemployment rate fell to 5.5%.
- The Australian dollar surged after the Reserve Bank of Australia (RBA) kept interest rates unchanged, but hinted at a potential rate cut in the future.
March 12, 2015
- The Bank of Japan (BoJ) surprised markets by introducing negative interest rates, aiming to stimulate the Japanese economy.
- The Swiss National Bank (SNB) kept interest rates unchanged, but warned of potential currency market volatility.
March 17, 2015
- The US Federal Reserve released its minutes from the February meeting, indicating that some policymakers were concerned about the impact of a rate hike on the economy.
- The European Commission cut its growth forecast for the eurozone, citing a slowdown in the region's economy.
March 23, 2015
- The US dollar strengthened against the euro after the European Central Bank (ECB) announced a new round of quantitative easing (QE) measures to stimulate the eurozone economy.
- The Bank of England (BoE) kept interest rates unchanged, but hinted at a potential rate hike later in the year.
March 26, 2015
- The US Federal Reserve released its Beige Book, which reported moderate economic growth in the US, with some regions experiencing stronger growth than others.
- The Australian dollar fell after the Reserve Bank of Australia (RBA) cut interest rates to a record low of 2.25% to stimulate the economy.
March 31, 2015
- The US dollar strengthened against most major currencies after the US Treasury reported a larger-than-expected budget surplus in February.
- The European Central Bank (ECB) announced that it would start buying asset-backed securities (ABS) as part of its QE program.
These are just a few of the significant Forex news events that occurred in March 2015. The month was marked by a mix of central bank actions, economic data releases, and market volatility.