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Forex
Canadian Dollar firms despite weaker July Retail Sales
The Canadian Dollar strengthens despite weaker July Retail Sales, with USD/CAD easing after failing to hold above the 1.3800 mark.Canadian household spending…
Stephen Miran confirms he was the ‘bottom dot’, insists immigration policy is deflationary
Newly minted Federal Reserve (Fed) Board of Governors member Stephen Miran, in a stiff departure from standard Fed rhetoric policy, revealed exactly where his…
Pound Sterling Price News and Forecast: GBP/USD is under heavy pressure from the ‘King Dollar’
GBP/USD sinks below 1.3500 as 'King Dollar' regains strength post-Fed
The British Pound (GBP) is under heavy pressure from the 'King Dollar' on Friday, down…
WTI extends declines as strong US Dollar and weak demand overshadow Fed rate cut
WTI extends losing streak for the third day, set to close the week in negative territory.A firmer US Dollar and weak US fuel demand weigh on prices despite the…
Banxico seen cutting rates to 7.50% in September – Reuters
All 24 economists surveyed expect Banxico to lower rates despite inflation ticking up to 3.57% in August.Bank of America notes Banxico could ease more…
Gold rebounds above $3,670 as dip buyers step in despite firm US Dollar
Gold bounces from weekly lows near $3,630, trades at $3,668 in North American session.Bullion bulls ignore strong US Dollar, high US Treasury yields.Swiss…
Canadian Dollar pares losses despite Retail Sales miss, bucks Greenback trend
The Canadian Dollar found a foothold on Friday, reversing early losses.Canadian Retail Sales contracted more than expected in July, but Loonie bulls shrugged…
Dow Jones Industrial Average tilts further into the green on Friday
The Dow Jones climbed into 46,250 on Friday, adding another bullish day on the backend.Equities have risen after the Fed trimmed interest rates through the…
Fed’s Daly says Fed cut rates to support labor market
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly noted late on Friday that the Fed's move to cut rates was to try and bolster a weakening…
Australian Dollar heads for weekly decline amid cautious Fed outlook
AUD/USD extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft…