Pippo

Although the FOMC decision was the main event on everyone’s radars, there was no shortage of top-tier economic updates that pushed major currencies around throughout the week.

It was another busy day as traders digested the Fed’s rate cut, BOE’s decision to stand pat, strong U.S. data, and developing Middle East headlines.

The BOE kept its interest rates at 5.00% as expected and maintained its quantitative tightening pace for the next year. So why did GBP pop higher?

Better-than-expected Australian labor market data are supporting RBA’s hawkish stance and has put the Aussie in the green against its counterparts.

The BOJ is not expected to change its policies, but the event will be under the spotlight as traders look for clues on the central bank’s immediate plans.

With the Fed announcing a larger 0.50% interest rate cut and suggesting more easing to come, how did financial markets react to the news?

The FOMC lowered interest rates by 0.50% in their September meeting, marking an aggressive start to their monetary policy easing cycle.

After their “finely balanced” interest rate cut last month, will the BOE follow through with a more convincing easing decision this time?

Markets still seem uneasy ahead of this week’s FOMC decision, as intermarket correlations appeared to be a mess even while the U.S. dollar cheered the upside surprise in headline retail sales.

Canada printed another batch of weaker than expected inflation figures, as the headline CPI slowed from 2.5% to 2.0% year-on-year in August.