Forex Flash: The BoE will provide a little support to the BoE

FXstreet.com (San Francisco) - The Bank of England is schedule to hold its monthly monetary meeting next April 4th at 11 GMT. Market is expecting the BoE to hold the size of the asset purchase facility and keep unchanged the interest rate at 0.5%.

According to the Rabobank Senior Currency Strategist Jane Foley, "the March MPC minutes highlighted sterling weakness and a potential increase in inflation expectations as arguments against more QE."

Rabobank still sees "scope for more assets purchases to be announced in May but favour steady BoE policy in April." Foley believes that "this should allow GBP a little support."

Mar 27, 2013

Forex: US Dollar index consolidates gains around 83.40/45

The US Dollar Index, which tracks the greenback against its major competitors, is extending its weekly rally on Wednesday, bolstered by the increasing risk aversion stemming from Cyprus and the political instability in Italy...

Forex Flash: Strong NZD buying taking place – BNZ

Exporters remain keen buyers of dips in the NZD. According to the BNZ Research Team, “That’s the very clear message from our Currency Flows Monitor – we’ve seen consistently strong net NZD buying in our flows over the past month, coinciding with the NZD/USD pullback from 0.8500 to 0.8300.”