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About: anakin
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Following a 25 bps rate cut, the USD/KRW fell below 1,430 as explained by Governor Rhee.
BoK Governor Rhee Chang-yong explained the 25 basis point rate cut, citing weak growth and consumer sentiment.
The USD/JPY has risen above 150.00 without new data to justify the yen’s decline.
USD/JPY rises above 150.00; yen remains volatile. Dollar faces resistance near 150.50 despite expected PPI Services increase.
The Bank of Korea’s interest rate was set at 2.75%, aligning with expectations.
BOK keeps rates at 2.75%, EUR/USD nears 1.0500, gold dips, and Shiba Inu holders sell tokens.
Austan Goolsbee stated that the Fed must consider price increases from potential Trump tariffs legally.
Goolsbee stressed Fed caution, citing policy-driven price impacts and tariff concerns while awaiting more economic clarity.
Swati Dhingra, an external member of the BoE, indicated high monetary policy restrictiveness is current.
Monetary policy is restrictive; inflation pressures ease. UK consumption weak; contrasts with US, Eurozone. GBP/USD at 1.2620.
