Moses
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Americans throw away millions of U.S. coins because american money is junk
Americans throw away millions of dollars in coins every year. That's because American money is junk. But that wasn’t always the case. In an article published by the Wall Street Journal, Reworld, a Pennsylvania waste management facility, claimed that Americans toss about $68 million worth of coins ev
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Strong risk of intervention to protect USD/JPY pushing through 155 – Rabobank
Analysts at Rabobank share a brief outlook for the USD/JPY pair. BoJ may be able to hike rates again later this year "Current USD strength is built around the expectation that Fed rates will stay stronger for longer. The greenback has also likely been boosted by safe-haven demand stemming from fears
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British Pound shows signs of recovery amid favourable inflation data
The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK
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US Dollar on the rise as inflation concerns persist
UK inflation brings both optimism and caution. IMF growth projections highlight protracted wait for US cuts. US Dollar on the rise as inflation concerns persist. European markets have enjoyed a welcome reprieve from the selling pressure that has dominated much of the week, with mainland indices lead
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Chair Powell echoes the 'higher for longer' mantra
In what could be described as a see-saw session, investors were pulled in different directions by a mix of decent earnings reports, ongoing geopolitical tensions, and a reaffirmation of “ higher for longer.” The S&P 500 wavered on Tuesday following Federal Reserve Chair Jerome Powell's remarks i
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Canada headline CPI to bounce to 3% in March – TD Securities
Analysts at TD Securities expect the Consumer Price Index in Canada to rise 3% in March. "We look for headline CPI to bounce 0.2pp higher to 3.0% y/y in March as prices rise by 0.7% m/m (market: 0.7% m/m, 2.9% y/y), underpinned by another large increase for the energy component alongside a partial r
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Fed's Williams: No need to change monetary policy in very near term
Federal Reserve (Fed) Bank of New York President John Williams argued on Thursday that the Fed does not need to change monetary policy in the very near term," per Reuters. Key takeaways "Eventually will need to cut rates." "A Fed rate hike is not part of the baseline view for outlook." "Fed policyma
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Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon. The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month,
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EUR/USD penned in as traders await US CPI
EUR/USD is captive to a range as traders await the next market mover, the US CPI data on Wednesday. US inflation expectations are high while US Treasury yields have made a new high for the year. The pair is trading within a narrow range between the 50, 100 and 200-day Simple Moving Averages. EUR/USD
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US improvement in manufacturing but services worsen, weak Canada Labour market data, Strong NFP report
Previous week's events (Week 01 - 05.04.2024) Announcements U.S. Economy The U.S. manufacturing sector grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased. The survey from the Institute for Supply Management (ISM) on Monday suggested the sector wa
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