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U.S. Dollar Extends Slide As Traders Pause Rate Cut Speculation
The U.S. dollar continued its early weakness against other major currencies in the Asian session on Thursday, as traders speculate a pause on rate cut following remarks by U.S. Federal Reserve Chair Jerome Powell. Powell suggested rates are likely to remain higher for longer amid a "lack of progress
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The Dollar pauses after a climb
The US dollar is losing 0.2% since the start of the day on Wednesday against a basket of major currencies, signalling traders' eagerness to lock in some profits after a 2.5% rally over the previous seven days. Interestingly, dollar fatigue was evident shortly after Powell's admission that inflation
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UK inflation eases less than expected to 3.2% in March
Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday. That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February. Food prices provided the biggest downward drag on the headline rate, the ONS s
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Parliamentary elections in Croatia
Final inflation footprints will be released in Slovakia, Poland and Croatia. In all three countries, we have already seen flash estimates of local offices or HICP. In terms of price development, Czechia and Slovenia will publish producer prices for March. Other than that, we will see current account
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ECB SPF survey: Eurozone inflation seen falling to 2.0% this year
The findings from the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) showed on Friday that all inflation forecasts across the time horizons are left unchanged from the previous round of the poll conducted three months earlier. Key takeaways Inflation is seen at 2.4% this year
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Breaking: Gold price hits an all-time high to near $2,390
Gold prices (XAU/USD) climbs to a record high near $2,390 during the early Asian session on Friday. The market expectation that the US Federal Reserve (Fed) will cut its benchmark interest rate this year is the main driver for the yellow metal. Additionally, the gold purchase by the Chinese central
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