GBP/USD received a lift despite trading lower against a number of other G7 currencies. US 2-year yields dropped resulting in a softer dollar ahead of the FOMC
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GBP/USD received a lift despite trading lower against a number of other G7 currencies. US 2-year yields dropped resulting in a softer dollar ahead of the FOMC
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German inflation fell to a two-and-a-half year low of 2.9% in January, preliminary data showed today, down from 3.7% in December.
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The USD/JPY market is like all others focused on the Federal Reserve’s first interest-rate decision of the year.
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Outlook on FTSE 100, CAC 40 and S&P 500 amid Fed and BoE meetings and as the remaining three of the ‘magnificent seven’ US stocks report their earnings tomorrow ahead of Friday’s US Non-Farm Payrolls.
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Australian inflation cooled in Q4 helping lift the local index to a new all-time high. Continued disinflation reduces lingering suspicions of another hike, weighing on AUD
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