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AUD/JPY extends losses after Japan CPI figures amid dovish RBA’s outlook
AUD/JPY depreciates after the release of Japan’s inflation figures released on Friday. The Japanese Yen gains support from the hawkish remarks made by BoJ Governor Kazuo Ueda on Thursday. The Australian Dollar loses ground as soft domestic jobs data reinforced a dovish outlook on RBA’s monetary poli
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IMF Raises 2024 Global Growth Forecast
The International Monetary Fund projected that the global economy is resilient and is set to expand at a steady pace in the next two years as inflation returns to target gradually. Global growth is set to remain at 3.2 percent this year and next, the same as in 2023, the IMF said in its latest World
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ECB gave some strong hints that a June cut is forthcoming – Rabobank
Reviewing the European Central Bank's (ECB) monetary policy announcements following the April meeting, Rabobank analysts noted that the ECB gave some strong hints that there will be a reduction in the policy rate in June. ECB is now more concerned of falling behind the curve "Although persistent pri
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Pull-up Update