Etiqueta: DailyFX – Market News

ECB Keep Rates Steady with Tentative Inflation Downgrades, EUR/USD Rises

The ECB kept rates steady today while dipping their toes in the dovish pond. The initial statement providing tentative hints but largely sticking to the ongoing rhetoric.

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Hawkish BoE Leaves Rates Unchanged – GBP/USD Breaks Above 1.2700

The Bank of England (BoE) left interest rates unchanged today as Governor Bailey reiterated the central bank’s view that inflation remains too high.

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Dow, Nasdaq 100 and CAC40 all make Strong Gains

The dovish tone of last night’s Fed meeting has lit a fire under indices, driving the Dow above 37,000 to a new record high and pushing the Nasdaq 100 and CAC40 higher too.

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FOMC Roundup: Dovish Fed Signals End to Hiking Cycle, Improves Risk Appetite

The Fed has acknowledged recent inflation progress, opening the door for markets to price in even more aggressive rate cuts for 2024. How are major markets evolving?

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