Referendum Week Turns Positive for Sterling

The Great Britain pound demonstrated solid performance this week as traders were betting on Scotland staying in the United Kingdom after the referendum about independence. Another important event this week was the Federal Reserve policy meeting that gave boost to the US dollar.

Malaysian Central Bank Keeps Rates on Hold, Ringgit Drops

The Malaysian ringgit fell today, heading to the biggest weekly drop since August, after the nation’s central bank refrained from changing its monetary policy and kept the benchmark Overnight Policy Rate unchanged.

Scotland Rejects Independence, Pound Erases Gains

The Great Britain pound wiped out its earlier gains after the results of a referendum showed that people of Scotland decided to remain in the United Kingdom. The currency was rising previously as traders were counting exactly on this outcome.

Sterling Jumps on Speculations Scotland Will Remain in UK

The Great Britain pound demonstrated solid gains at the previous trading session as well as at the current session, though retreated a bit from today’s highs. The currency was lifted by speculations that Scotland will remain a part of the United Kingdom after yesterday’s referendum.

US Economic Indicators Lead to Mixed Performance of USD

The US dollar consolidated against the euro today after dropping yesterday. The currency also sank versus the Great Britain pound at the previous trading session and continued to fall at the current session. The greenback extended its rally against the Japanese yen.

Norges Bank Plans No Interest Rate Cuts, Krone Jumps

The Norwegian krone jumped after Norway’s central bank refrained from an interest rate cut at today’s policy meeting. What is more, bank’s chief Oeystein Olsen hinted at a possibility of an interest rate hike after 2015.

Swiss Franc Jumps as SNB Keeps Policy Unchanged

The Swiss National Bank refrained from loosening its already very accommodative monetary policy even further at today’s policy meeting, resulting in big gains for the Swiss franc. The currency rallied even though the central bank suggested that it may intervene in case economic conditions continue to deteriorate.

New Zealand Economic Growth Lifts NZD

The New Zealand dollar advanced today with the help of a positive report about nation’s economic growth. The kiwi managed to reverse earlier losses and rally versus its US counterpart but is far from erasing yesterday’s huge drop.

Dollar Rallies After Fed Meeting, Keeps Gains

The major event this week was the monetary policy meeting of the Federal Reserve that ended yesterday. While the Fed did not present clear timing for a start of monetary tightening and the tone of the statement was not much more hawkish than it has been before, the US dollar rallied nevertheless and continued to rise today.

Thai Baht Unable to Maintain Rally After Central Bank’s Decision

The Bank of Thailand decided to keep its main interest rate unchanged during today’s policy meeting. The Thai baht attempted to rally after the decision but failed and currently is trading below the opening level.

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