FX News

Philippines Cuts Interest Rates Further As Economy Slows

The Philippine central bank slashed the key interest rate on Thursday, citing a benign inflation outlook and slowing growth. The Monetary Board of the Bangko Sentral ng Pilippinas, or BSP, decided to lower the overnight reverse repurchase facility rate by Read More →

Dollar Exhibits Mixed Trend Against Rivals

The U.S. dollar swung between gains and losses but mostly stayed positive on Thursday after the Chinese central bank set the midpoint for yuan above 7.00 per dollar for the fist time in more than a decade.Original Article Read More →

Australian Dollar Climbs As RBA Leaves Key Rate Unchanged

The Australian dollar firmed against its major counterparts in the Asian session on Tuesday, erasing its early losses, after the Reserve Bank of Australia kept its key interest rate unchanged after trimming it for two straight months. The board of Read More →

German Factory Orders Recover On Non-Eurozone Demand

Germany's factory orders rebounded in June driven by strong demand from non-euro area economies, data from Destatis showed Tuesday. Factory orders grew by a more-than-expected 2.5 percent on a monthly basis in June, offsetting a revised 2 percent drop in Read More →

New Zealand Cuts Key Rate By 50 Bps

New Zealand's central bank reduced its key rate by 50 basis points to underpin economic growth and revive inflation. The Monetary Policy Committee of Reserve Bank of New Zealand headed by Adrian Orr, on Wednesday, cut the official cash rate Read More →

India Reduces Key Interest Rate By 35 Bps

India's central bank announced a larger-than-expected interest rate cut on Wednesday and kept the door open for more easing to spur slowing economic growth. The Monetary Policy Committee of the Reserve Bank of India decided to reduce the key Read More →