Holmes
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Canadian Dollar picks up following strong GDP figures
Canadian Dollar is regaining lost ground after upbeat Canadian GDP data. US Dollar looks weak despite good US Jobless claims, upward revision of Q4 GDP. The focus is now on Friday’s PCE Prices Index and Fed Powell’s speech. The Canadian Dollar (CAD) is trading higher for the fourth consecutive day o
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Pound Slides Amid BoE Rate Cut Speculation
The British pound weakened against most major currencies in the European session on Thursday, in the wake of dovish comments from BoE's Bailey about rate cuts. In an interview, the Bank of England Governor Andrew Bailey said market expectations for rate cuts this year are not unreasonable. About the
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BOE's Mann: Market expects excessive interest rate cuts this year
Catherine Mann, a policymaker at the Bank of England, expressed the view that financial markets have incorporated an excessive number of anticipated interest rate cuts for this year. She also stated that it is improbable for the UK to take action before the US Federal Reserve. Furthermore, she highl
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Canadian Dollar extends gains against a softer US Dollar in calm trading session
Canadian Dollar is going through a moderate recovery with investors confident that the Fed will start easing in June. The mixed US macroeconomic data seen on Tuesday has failed to provide a significant boost to the US Dollar. The broader USD/CAD trend remains positive while above the 1.3460 support
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EUR/USD holds above 1.0800 on a weaker US Dollar, eyes on US data, Fed's Bostic speech
EUR/USD gains ground around 1.0816 on the softer USD. FOMC’s Chair Powell said the recent elevated CPI inflation data hadn’t changed the overall view that inflation is trending lower. ECB’s Scicluna said the rate cut as soon as April could be warranted and shouldn’t be ruled out. Investors will focu
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Pull-up Update