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  • admin
  • July 16, 2024
  • Market News

EUR/CHF Risks Slide to 0.96 Amidst French Political and Eurozone Economic Concerns, Says Rabobank

The Euro (EUR) could weaken against the Swiss Franc (CHF), potentially reaching 0.96 in the next one to three months, according to Rabobank’s Senior FX Strategist Jane...
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  • admin
  • July 16, 2024
  • Market News

USD/JPY Rebounds Above 158.00, Eyes US Retail Sales and Fed Speak

The USD/JPY pair strengthened to around 158.30 during Tuesday’s Asian session, supported by a modest US Dollar (USD) rebound and anticipation of key economic data and Fed...
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  • admin
  • July 12, 2024
  • Market News

EUR/USD Holds Strong Near 1.0900 Despite Hot US PPI, Rate Cut Doubts Linger

The EUR/USD pair maintained its strength near 1.0900 on Friday, even as hotter-than-expected US Producer Price Index (PPI) data for June challenged the narrative of an imminent...
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  • admin
  • July 11, 2024
  • Market News

GBP/USD Surges Past 1.2900 on Strong UK Data and Weak US Inflation

The British Pound (GBP) surged to a new year-to-date (YTD) high on Thursday, exceeding 1.2900, as the US Dollar (USD) weakened on softer-than-expected US inflation data. Additionally,...
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  • admin
  • July 10, 2024
  • Market News

Mexican Peso Surges on Inflationary Pressures, Testing Key Support Levels

The Mexican Peso (MXN) continues its ascent against major currencies, buoyed by hotter-than-expected inflation data and the persistent attractiveness of its high interest rates (11.00%). This “carry...
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  • admin
  • July 9, 2024
  • Market News

Powell’s Testimony Sparks Mild US Dollar Rebound, Eyes on Inflation Data

The US Dollar (DXY) edged higher, reaching 105.20, after Federal Reserve Chair Jerome Powell’s recent Congressional testimony hinted at a cautious approach to potential interest rate cuts....
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  • admin
  • July 8, 2024
  • Market News

Canadian Dollar Steady on Quiet Monday, Awaits Fed Signals and US Inflation Data

The Canadian Dollar (CAD) experienced a lackluster start to the week, trading within a narrow range against the US Dollar (USD) as markets digested last Friday’s US...
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  • admin
  • July 5, 2024
  • Market News

AUD/USD Soars Nearly 5% Since April, Outperforming Major Trading Partners

The Australian Dollar (AUD) has experienced a remarkable rally against the US Dollar (USD) since hitting a low of 0.64 on April 19th. As of Friday, the...
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  • admin
  • July 4, 2024
  • Market News

AUD/USD Climbs Near 5-Month High as Fed-RBA Policy Gap Narrows

The AUD/USD pair surged to a near five-month high, reaching 0.6730 during Thursday’s American session. This impressive rally is attributed to growing speculation that the policy divergence...
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  • admin
  • July 3, 2024
  • Market News

Pound Sterling Rallies to 1.2770 as Weak US Data Fuels Rate Cut Expectations

The Pound Sterling (GBP) surged towards 1.2770 on Wednesday, bouncing back from a recent low of 1.2615. This impressive rebound was fueled by a weakening US Dollar...
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