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USD/JPY sticks to 151.40 amid BoJ’s cautious approach regarding monetary conditions
USD/JPY struggles as BoJ’s cautious approach to keep monetary conditions accommodative. Japanese CPI (YoY) rose 2.6% in March, from the previous reading of a 2.5% rise. The strength of the US Dollar is bolstered by hawkish statements from Fed officials. USD/JPY remains calm and hovers around 151.40
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Spain Retail Sales Growth Accelerates
Spain's retail sales growth accelerated in February, the statistical office INE reported Wednesday. Retail sales increased by adjusted 1.9 percent on a yearly basis, after rising 0.5 percent in January. On an unadjusted basis, retail sales growth accelerated to 4.8 percent from 2.3 percent in the pr
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Forex Today: Japanese Yen trades at multi-decade lows, markets look for next catalyst
Here is what you need to know on Wednesday, March 27: The Japanese Yen (JPY) continued to weaken against the US Dollar (USD), with USD/JPY reaching its highest level since 1990 near 152.00 early Wednesday. Investors will keep a close eye in the pair's action amid growing risk of a central bank inter
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GBP/USD drifts lower to 1.2620, UK GDP data looms
GBP/USD trades softer around 1.2630 in Wednesday’s early Asian session. The US Durable Goods Orders rose 1.4% in February against a 6.9% fall in January, better than expected. BoE’s Mann dampened expectations for large interest rate cuts this year. The GBP/USD pair edges lower to 1.2620 during the e
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Pound Sterling recovers against US Dollar on upbeat market sentiment
The Pound Sterling rebounds as market mood improves and the US Dollar faces a modest correction. BoE Bailey says he doesn’t see market expectations for two or three rate cuts as unreasonable. This week, the US Dollar’s moves will be driven by the core PCE price index data. The Pound Sterling (GBP) e
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Commodity prices post best start to year in over a century – What’s next? [Video]
As the first quarter comes to a close, there is no denying that Commodity prices have made an explosive start to 2024 – with a long-list of Metals, Energies and Agricultural markets notching up astronomical gains – firmly positioning the sector on track for its best start to the year in over a centu
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Fed's Bostic: Want to avoid volatility from the balance-sheet runoff
Atlanta Federal Reserve Bank President Raphael Bostic said on Monday that he wants to avoid volatility from the balance sheet runoff. Bostic added that he expects the US economy and inflation to slow gradually and repeated that he anticipates the US central bank to lower the policy rate once this ye
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Wisconsin formally ends sales taxes on Gold and Silver
(Madison, Wisconsin) – Responding to an overwhelming groundswell of grassroots pressure, Gov. Tony Evers today signed a bill into law that secures Wisconsin’s place as the 44th state in America to end sales taxes on the purchase of precious metals. Assembly Bill 29 and Senate Bill 33, carried by Rep
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BoE Interest Rate Decision Preview: Dovish hold is on the cards as inflation cools more than expected
The UK central bank is expected to keep its policy rate unchanged at 5.25%. The Bank of England is seen reducing its rates earlier than estimated after softer-than-expected inflation data. GBP/USD will closely follow the BoE’s decision as well as the Minutes. The Bank of England (BoE) is set to hold
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