OctaFX | OctaFX Forex Broker
Open trading account

Excessive reliance on weak FX rates to be avoided – IMF’s Lagarde

FXStreet (Mumbai) - The International Monetary Fund (IMF) chief Lagarde was on the wires today stating that economies should avoid over reliance on weak FX rates.

However, Lagarde advised Japan and Eurozone to keep their respective monetary policies looses; something which has been widely criticized as a move aimed at keeping FX rates low. Meanwhile, Germany and Netherlands were advised to tap fiscal policy support.

Lagarde called for a credible medium term budget plan in the US and broader financial and market based controls in China.

USD/CAD outlook still bearish – Scotiabank

Eric Theoret, Currency Strategist at Scotiabank, sees the pair’s perspective remains in the negative side in the near term...
Read more Previous

EUR/USD completes round trip, eyes FOMC minutes

EUR/USD completed a round trip to above 1.1300 and it is back to square one as it failed to sustain intraday gains following the release of ECB accounts, which showed the banks willingness to implement more monetary stimulus if needed.
Read more Next
Start livechat