Tag: foreign exchange

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Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations

The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2...
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USD/CAD Unchanged Post Canadian GDP and US PCE Data Release

USD/CAD has seen little movement around the 1.3700 level following the release of key economic data for both Canada and the US. The Canadian...
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Suzuki of Japan Warns Against Undesirable Rapid FX Movements

Japan's Finance Minister, Suzuki, recently made some remarks about the foreign exchange market that have caught the attention of many. He emphasized the importance...
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EURUSD Price Analysis: Currency Pair Rebounds from 8-Week Low – Action Forex

EURUSD saw a slight rebound from an 8-week low as it traded within a range of 1.0665-1.0720. The moving averages showed a bearish crossover,...
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USDCHF Technical Analysis: Approaching Key Resistance Level

The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps...
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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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Impact of Labour Victory on Sterling: Insights from Crédit Agricole

The GBP has been trading at a 'political premium' in anticipation of the upcoming elections, as there is a belief that political stability will...
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Managing Japan’s FX Movements: Hayashi Promises Appropriate Actions

Japan's Chief Cabinet Secretary Hayashi recently stated that appropriate actions will be taken to address excessive foreign exchange movements, aligning with Finance Minister Shunich...
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Weekly USD Analysis: US Dollar Index and Euro to Dollar Forecast – Action Forex

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push...
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Canadian Dollar Rises to High End in Quiet Monday Trading

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other...

Breaking Financial News

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CFPB Sues JPMorgan Chase, Bank of America, Wells Fargo for Zelle...

The CFPB Sues Major Banks Over Zelle Payment FraudIn a stunning turn of events, the Consumer Financial Protection Bureau (CFPB) has taken legal action...

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