Forex News

Feeling the Financial Heat: Rate Hikes and Central Banks Is the End Near for Tightening Cycles? Get your rate hikes in, while you still can. That is perhaps the warning to major central banks before the Fed potentially announces a pause – not explicitly of course – to its tightening cycle this week. The RBA…

RBA defies expectations with rate hike, may still require further tightening In a surprising move, RBA raises cash rate target by 25bps to 3.85%, contrary to market expectations of a hold. Nevertheless, RBA softened its tightening bias, stating, “some further tightening of monetary policy may be required,” depending on “how the economy and inflation evolve.”…

Let’s Talk about Foreign Exchange and You EUR/USD, GBP/USD, USD/CAD, AUD/USD – What’s the Buzz? So, you might have heard some chatter about foreign exchange rates lately. Here’s the lowdown – EUR/USD is currently at 1.0960 with a notable amount of money in play, GBP/USD is dancing around 1.2300, USD/CAD is sitting at 1.3750, and…

Insight from RBNZ: Financial Distress Not Widespread Among Households or Businesses Resilience in Household Balance Sheets The recent Financial Stability Report released by the Reserve Bank of New Zealand (RBNZ) has shed light on the financial well-being of households and businesses in the country. According to the report, debt servicing costs for households with mortgages…

Buying and Building: Russia’s Foreign Currency Reserves What Bloomberg’s Economists Have to Say Russia’s Plan to Resume Buying Foreign Currency According to Bloomberg’s in-house economists, Russia is gearing up to resume buying foreign currency for its reserves as soon as this month. The economists predict that the initial volumes of FX purchases will be small…

MYR Group Inc. to Attend KeyBanc Capital Markets Industrials & Basic Materials Conference in June THORNTON, Colo., May 01, 2023 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG) A Sneak Peek into MYR Group’s Future Plans MYR Group Inc., a leading specialty contractor catering to the electric utility infrastructure, commercial, and industrial construction…

Advantage Communications Group Achieves ISO 27001:2013 Certification Welcome to the Future of Telecom Security LAS VEGAS, May 01, 2023 (GLOBE NEWSWIRE) — via IBN — Today from the Channel Partners Conference & EXPO, Advantage Communications Group (Advantage) announced that it has achieved status as an ISO/IEC 27001:2013 certified provider, with its Information Security Management System…

Fulcrum Therapeutics, Inc. (FULC) Class Action Lawsuit Filed by Holzer & Holzer, LLC ATLANTA, May 01, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that it has filed a class action lawsuit against Fulcrum Therapeutics, Inc. (“Fulcrum” or the “Company”) (NASDAQ: FULC). The lawsuit alleges Fulcrum made materially false and/or misleading statements and/or…