The EUR/USD pair has been trading in a 50-60 pip range in the last three days. The US dollar stays firm amid a positive market moodThe shared currency seesaws on Thursday North American session, courtesy of a positive market mood, while broad US dollar strength across the board helps the …
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US President Joe Biden said on Thursday that he thinks Russia should be removed from G20, as reported by Reuters.Key Quotes:“Asked that Ukraine be able to attend G20 meetings.”“Ukraine’s judgment to make whether it cedes territory to Russia.”“Talked about how major wheat producers US, Canada could increase and disseminate more …
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The Canadian dollar keeps rallying versus its American counterpart, as it slid 0.27%. A mixed market mood keeps the CAD in the driver’s seat amid a firm US dollar. USD/CAD Price Forecast: Downward biased, threatening to break below 1.2450.The USD/CAD pair post modest losses as Thursday North American session kicks …
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According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …
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The dollar index settled near 98.4 during trading on Wednesday, after it failed to achieve sharp daily gains in the previous session, as investors weighed up optimistic statements from Federal Reserve officials in exchange for improved risk appetite that sent global stocks higher. The dollar jumped last Monday after Federal …
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US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …
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The USD started the American session on the back foot but gradually strengthened following hawkish comments by US Fed Chair Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference, Powell said that if they need to raise fed funds rate by …
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There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …
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According to a US administration official, talks between Chinese President Xi Jinping and US President Joe Biden on Friday, which lasted for nearly two hours, were direct, substantive and detailed. Biden stressed to Xi that China providing material support to Russia would have consequences not just from the US but …
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US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …
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