Central Bank

Various currency pairs are likely to be highly volatile throughout the upcoming week due to a busy schedule of meetings and economic releases.

US Dollar is in a very narrow range. The market is currently waiting for the interest rate announcements from three major central banks.

Most major central banks have announced their intention to pursue interest rate hikes, which has sparked concerns about the outlook for global economic growth.

The European Central Bank (ECB) announced a mini interest rate hike without providing adequate guidance for future policies.

In the next 24 hours, central bank meetings in the UK and the US bring significant uncertainty to the global financial markets that should be closely monitored.

Every country has its own Central Bank that functions as Banker's Bank as well as monetary authority. Because of that, Central Bank policy can have huge impact on the country's currency.

Developing nations are trying to in maintain a stable exchange rate for their currencies. However, developed countries do not seem to have the same view. Why so?