The S&P 500 advances, but gains are modest amid market caution ahead of the June U.S. CPI report, which could help guide the Federal Reserve’s next steps in terms of monetary tightening.
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The S&P 500 advances, but gains are modest amid market caution ahead of the June U.S. CPI report, which could help guide the Federal Reserve’s next steps in terms of monetary tightening.
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The British pound has strengthened significantly in recent weeks, boosted by a hawkish repricing of interest rate expectations in the UK in the face of persistently high inflation.
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Spot Gold is struggling to hold onto gains following an extended rally in the Asian and European sessions. Where to next for Gold prices?
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The ZAR is roughly 1% against the USD today as Chinese economic data and US CPI forecasts hinder US dollar support.
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The US dollar slipped Monday after various Fed officials suggested that while rates may move higher in June, the 15-month hiking cycle may be drawing to a close.
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