Tag: Currency exchange rates

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Australian Dollar Stable After China CPI Data: Analysis and Insights

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the...
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Mexican Peso Surges to 3-Day High, Ends Week with 1% Gain

The Mexican Peso experienced a surge to an eight-day high of 17.99 against the US Dollar before losing momentum and fluctuating within the 17.99...
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Forex and Cryptocurrency Forecast for Traders – Action Forex

On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in...
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Sunset Market Analysis – Actionable Insights for Forex Traders

European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also...
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Eco Data Forecast for June 28, 2024 – Action Forex

On June 28, 2024, various economic indicators were released, providing insights into different economies around the world.In Japan, the Tokyo Consumer Price Index (CPI)...
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Impact of UK General Election on Pound: Expert Analysis and Forecast

On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is...
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Forex and Cryptocurrency Forecast: Expert Analysis and Predictions

The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices...
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Silver Price Forecast: XAG/USD Drops Below $30 Amid Bearish Engulfing Pattern

Silver prices experienced a significant drop, falling 3.86% due to the influence of strong US Treasury bond yields and a robust US Dollar. The...
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BoE August Rate Cut Increases, EUR/GBP Recovery Delayed

Thursday's statement from the Bank of England (BoE) indicates that there may be an interest rate cut coming soon, according to ING's FX Strategist...
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USD/NOK Rises as Norges Bank Maintains Hawkish Stance

The Norges Bank made the expected decision to keep its interest rate steady at 4.5%, postponing any rate cuts until the first quarter of...

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The Shift from ‘Great Resignation’ to ‘Great Stay’ Explained by Labor...

The U.S. job market has seen a significant shift from the 'great resignation' to the 'great stay,' a term coined by labor economists to...

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