Forex news

Markets await the US PCE data on Friday as they digest the latest forecasts delivered by the Federal Reserve last week

US dollar/Turkish lira (USD/TRY) was trading at 41.2837 at 15:00 UTC on 15 September 2025, within an intraday range of 41.0993-41.3709.

Both the bank of England and Federal Reserve have delivered their latest policy updates this week and here is how markets have reacted

The Bank of Japan is expected to keep policy unchanged but may provide hints about future rate hikes.

The US Federal Reserve cuts by 25 basis points and implies there may be further cuts to come

EUR/USD is trading at 1.17648 as of 10:26 UTC on 9 September 2025, holding near the upper end of its intraday range of 1.1706-1.1779 amid broad-based US dollar weakness.

The Bank of England is expected to keep rates on hold at 4% on Thursday but focus could be drawn to the CPI data to be released the day prior

Markets are expecting a cut from the Federal Reserve this week, the question is how dovish will Powell and his team be and will it live up to market expectations.

The FOMC is expected to cut interest rates by 25 basis points.

Core inflation is expected to remain steady from a month earlier, clearing the way for a September Fed cut.