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Forex
Australia’s S&P Global Manufacturing PMI rises to 51.6 in November
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in November versus 49.7 prior, the latest data published by…
EUR/USD flat near 1.1540 as NFP surprise bolsters dovish Fed bets
EUR/USD holds firm on Thursday after an outstanding jobs report in the United States (US), hinting that the labor market remains solid, despite softening during the second half of…
Inflation seems to have stalled
Federal Reserve Bank of Chicago President Austan Goolsbee spoke at the Chartered Financial Analyst Society of Indianapolis Annual Lunch on Thursday. He said that inflation seems to…
Dow Jones flops as headwinds mount, declines 300 points
The Dow Jones started Thursday off on a high note. The major equity index soared 725 points in the early hours before promptly reversing course at 1545 GMT (1045 EST) and sinking…
FX Today: It’s PMI-day!
The US Dollar (USD) kept its upside impulse well in place for yet another day on Thursday, this time climbing to the area of six-month highs backed by declining bets for another…
US financial system is resilient
Federal Reserve (Fed) governor Lisa Cook said in remarks prepared for delivery at an event hosted by Georgetown University's business school on Thursday. She said that the US…
USD/CAD rises as US Dollar gains on mixed labor data and Fed outlook
The Canadian Dollar (CAD) is under pressure against the US Dollar (USD) on Thursday, with the Greenback holding firm as markets scale back expectations of a December interest rate…
USD/JPY hits eleven-month high as Yen weakens, US jobs data mixed
USD/JPY trades around 157.65 on Thursday at the time of writing, up 0.45% on the day after touching a fresh eleven-month high at 157.88. The pair remains supported by broad…
EUR/GBP edges lower as Pound rebounds, Euro pressured by weak data
EUR/GBP trades lower around 0.8810 on Thursday at the time of writing, down 0.25% on the day as the Pound Sterling (GBP) gains ground. The move comes despite a still-uncertain UK…
USD/CHF climbs to two-week highs as US Dollar firms ahead of delayed NFP
USD/CHF advances for the fifth consecutive day on Thursday, with the pair drawing strong support from broad US Dollar (USD) strength as markets position cautiously ahead of the…