The US dollar’s recent rally has paused following the release of November retail sales figures, which offered a mixed picture of consumer spending. While the headline number slightly exceeded expectations, other key indicators fell short, leaving traders unimpressed and the US Dollar Index (DXY) hovering around the 107.00 mark.Retail sales …
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Pound Sterling suffered a significant decline following the release of UK inflation data for September. The unexpected slowdown in price growth has fueled speculation that the Bank of England (BoE) might reconsider its monetary policy stance and opt for a rate cut at its upcoming meeting.The GBP/USD pair plummeted to …
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The Federal Reserve, under the leadership of Chairman Jerome Powell, has demonstrated unwavering commitment to aligning and determination to adjust its actions with market expectations. Their recent decision to maintain interest rates without deviation from prevailing trends reflects this resolve. By doing so, Powell aims to instill confidence in investors …
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The Reserve Bank of New Zealand is expected to keep rates on hold at 5.50% following its July monetary policy meeting. Market participants are expected to see a rates on-hold decision due to discouraging economic performance and inflation risks. They will look for fresh hints on the timing of the …
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The GBP/USD pair drops to 1.2500 on Wednesday, down -0.06%, as the USD strengthens. According to Fed member Kashkari, it’s premature to declare that inflation has stopped, and if it does, they may lower interest rates this year. The interest rate at 5.25% is anticipated to remain unchanged at the …
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The US Dollar Index (DXY), which had earlier risen above 104.00, eventually dropped later on Wednesday after FOMC decision, hitting lows of 103.00s. FOMC decision, to keep interest rate unchanged in March, significantly had an impact on market mood including the performance of US stocks as well as gold prices.Economic …
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The European Central Bank’s Governing Council has decided to maintain three key interest rates unchanged due to a decline in inflation since January’s last meeting. The latest projections show inflation to average 2.3% in 2024, 2.0% in 2025, and 1.9% in 2026, with inflation excluding energy and food also revised …
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Analysis of Dollar Movement Amidst Positive Market Sentiment On Friday, the US dollar experienced a decline as risk appetite surged, propelled by positive business results from major technology companies on Wall Street. Investors eagerly awaited the release of the closely watched non-farm payrolls report later in the day, seeking insights …
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The US Dollar pops up on the back of Fed rate pause. Traders see the Greenback fade to flat as dust settles over the Fed meeting. The US Dollar Index has 104 in reach if it is able to advance this Thursday. The dollar is falling back to being nearly …
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European stocks fall as limited dip-buying coincides with a risk rally. Europe PMIs on Wednesday, ECB due on Thursday. PMIs for the euro area are predicted to grow slightly.Tuesday saw a first leg up for European market indices, which reached near-term highs before reversing course and testing the low end …
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