China’s ban on the use of iPhones by government employees leads the entire index lower. Strong US data has also weighed on stocks as a final rate hike lurks
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China’s ban on the use of iPhones by government employees leads the entire index lower. Strong US data has also weighed on stocks as a final rate hike lurks
from DailyFX – Market News https://ift.tt/L0X7VNE
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Rand weakness has softened this Thursday but with Fed speakers scheduled throughout the day, hawkish statements could reverse recent advancements.
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Recent US data has pushed the US dollar even higher, extending USD/CAD gains while the BoC opted to pause rates. Bullish momentum stalls at significant resistance level
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The Euro Area is struggling to expand, according to the latest Eurostat data, leaving the single currency at the mercy of a strong US dollar
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Indices have seen bullish momentum slip away, as concerns about renewed rate hikes hit risk appetite.
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