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AUD/USD dips amid Waller’s hawkish comments ahead of Aussie’s Retail Sales
AUD/USD falls following Federal Reserve Governor Waller's hawkish remarks on interest rates. Australian inflation remains steady at 3.4% YoY as traders digest implications for RBA’s monetary policy. Upcoming Australian Housing Credit and Retail Sales data eyed for further insight into domestic econo
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ECB’s Cipollone: ECB has room to lower rate swiftly despite wage rebound
European Central Bank (ECB) Executive Board member Piero Cipollone, in a scheduled speech on Wednesday, said that the ECB has room to cut interest rate swiftly despite wage rebound. Additional quotes A recovery in salaries is needed for Europe’s struggling economy to regain some momentum. So far fro
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U.S. Consumer Confidence Index Edges Slightly Lower In March
Consumer confidence in the U.S. edged slightly lower in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slipped to 104.7 in March from a downwardly revised 104.8 in February. Economists had expected the co
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Upside risks to the JPY, but downside risks to the CHF – HSBC
The Japanese Yen (JPY) is likely to recover in 2024 while the Swiss Franc (CHF) is likely to extend its year-to-date weakness, economists at HSBC say. SNB surprisingly cut its rate Looking beyond the near-term reaction, we think the US-Japan yield differential is set to narrow, this, among other fac
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