Norma
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USD/INR strengthens amid Iran airport attacks and oil prices rise
Indian Rupee weakens on Friday due to geopolitical tension risks, renewed USD demand. The fear of a wider conflict between Israel and Iran exerts some selling pressure on the INR. Investors await the RBI Monetary Policy Committee (MPC) Meeting Minutes, which are due on Friday. Indian Rupee (INR) tra
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What’s your buying experience from Saraf furniture in India? Saraf Furniture Reviews
My experience with Saraf Furniture was always fabulous! Visiting here for the past 5 years now, and there is always something new and different to look forward to. Buying gets easier when there are professional experts to help in choosing the right product. I recently purchased a Wardrobe and Sofa f
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USD/CAD climbs above 1.3800 after mix Canadian Inflation data
USD/CAD rises to 1.3820 as mixed Canadian inflation report keeps BoC rate cut hopes firm. BoC’s preferred inflation gauge softens to 2.0% on a year-on-year basis. The US Dollar hovers near a six-month high as the Fed is expected to delay rate cut plans. The USD/CAD pair jumps to 1.3820 in Tuesday’s
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Our new baseline has 75bp of ECB cuts in 2024 – Deutsche Bank
Analysts at Deutsche Bank share their revised outlook for the European Central Bank's (ECB) monetary policy. New baseline has 75bp of cuts in 2024 "We are updating our ECB baseline to a more gradual – and uncertain – easing cycle. We continue to expect the first rate cut in June. We previously expec
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US Dollar Index outlook: Hits five-month high as strong US data raise doubts about rate cuts
US Dollar Index The dollar continues to strengthen against its major peers, extending the steep upleg into fifth straight day and posting new five month high in early Tuesday. The latest economic data from the US showed stronger than expected rise in retail sales, adding to signals that the US econo
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USD/CAD trades with modest losses, hold above mid-1.3700s amid softer Oil prices
USD/CAD retreats from the YTD peak, albeit the downside remains cushioned. Reduced Fed rate cut bets continue to act as a tailwind for the USD and the pair. Softer Crude Oil prices could undermine the Loonie and help limit the downside. The USD/CAD pair comes under some selling pressure on the first
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U.S. Consumer Sentiment Index Drops More Than Expected In April
Consumer sentiment in the U.S. has deteriorated by more than expected in the month of April, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment fell to 77.9 in April from 79.4 in March. Economists had expected the in
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Beyoncé bounce: Western boot sales jump more than 20% week over week since 'Cowboy Carter' launch
Western boots have a new protector in Beyoncé. The country fashion staple's sales surged more than 20% in the week after the music superstar released her "Cowboy Carter" album, according to consumer behavior firm Circana. That can spell good news for companies making the iconic shoe, as well as othe
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U.S. Crude Oil Inventories Jump Much More Than Expected
A report released by the Energy Information Administration on Wednesday showed U.S. crude oil inventories surged by much more than expected in the week ended April 5th. The EIA said crude oil inventories shot up by 5.8 million barrels last week after jumping by 3.2 million barrels in the previous we
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