Finance News
By Steven Anderson
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Asian Currencies Barely Moved. The Japanese yen traded around 139.00 per dollar. The Chinese yuan sat near 7.15 per dollar.
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BOE Rate Hike Bets Build Pressure on Pound. The Bank of England is the one everyone's really watching right now.
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What Comes Next for Global Forex. The setup is pretty clear. The Fed's done its part — rates held, no surprises, dollar stable.
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The Fed didn't blink. Wednesday's decision to hold interest rates unchanged sent the U.S. dollar into a holding pattern, and pretty much every major currency market followed suit…
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The move wasn't a shock. Recent economic data had already painted a picture of moderate growth and steady inflation, and the Fed's call lined up almost exactly with what traders…
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The yen's calm is a bit deceptive. The Bank of Japan has held its ultra-loose monetary policy for a long time now, fighting low inflation and sluggish growth while most other…
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The yuan's steadiness tells a different story. It probably reflects broader caution about China's economic performance and the possibility that Chinese authorities might step in…
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The Bank of England is the one everyone's really watching right now. Inflationary pressures in the UK have proven stubborn, and investors broadly expect the BOE to raise rates.
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The euro didn't do much either. Neither did the Australian or New Zealand dollars, both of which tend to be sensitive to global economic shifts but showed limited reaction…
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Read also: Pound Holds at $1.32 as Forex Traders Freeze Before Fed Rate Call
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And there are two big decisions coming. The Bank of England and the Bank of Japan are both set to announce their monetary policy stances, and those announcements are probably…
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If the BOE hikes, the pound likely pops. If the BOJ does anything unexpected — and the bar for "unexpected" from Tokyo is very low given how rarely they deviate — the yen could…
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It's worth stepping back for a second. The dollar's stability isn't just a Fed story. It's a reflection of the whole market sitting still, hands in laps, watching two other…
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The yen and yuan both stayed quiet in Asian trading. The euro and pound barely moved. The Aussie and kiwi dollars didn't react.
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Related: Fed Holds Rates at 3.50%–3.75% for Fifth Straight Meeting as Bitcoin Ticks Up
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