EUR Breaking News: ECB Hike Rates by 50bps, EUR/USD Moves Higher

ECB Raised Interest Rates by 50bps in an effort to combat underlying price pressures while downgrading growth forecasts for 2023.

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Bank of England Hikes Rates by 50bps, GBP/USD Slips Lower on Vote Split

The Bank of England (BoE) raised borrowing costs by half-a-percentage point today as the central bank seeks to tame double-digit inflation

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Gold Price (XAU/USD) Slammed by Fed Chair Powell’s Pessimism

Fed chair Jerome Powell crunched gold’s recent rally into reverse gear last night by suggesting that US interest rates will be kept elevated through 2023.

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USD Outlook: Dollar Index (DXY) Finds Support Post-FOMC

The U.S. dollar looks ahead to the ECB rate decision for guidance heading into the new year after a positive FOMC reaction.

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Australian Dollar Reversal Warnings Grow as AUD/USD Falls on Disappointing Chinese Data

The Australian Dollar fell as Chinese industrial production and retail sales disappointed across the board. AUD/USD bearish reversal warnings continue growing.

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