The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growth in 2024
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The ECB marked a historic moment, initiating a cutting cycle before the Fed. The euro rose on the back of upward revisions to both inflation and growth in 2024
from DailyFX – Market News https://bit.ly/3yOOamF
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Sterling continues to push higher against a range of currencies with GBP/USD eyeing a fresh three-month high and EUR/GBP a 22-month low.
from DailyFX – Market News https://bit.ly/3VtzPVp
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Strong ISM services data has helped to stem the recent US dollar sell-off with the business activity index seen at its highest level since November 2022.
from DailyFX – Market News https://bit.ly/3Rh4qTD
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The Bank of Canada cuts rates to 4.75% as inflation settles into the target range. Wages, house prices and geopolitical uncertainty still pose risks to the outlook. Dovish repricing seen in CAD
from DailyFX – Market News https://bit.ly/3XbhyxA
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Gold is looking oversold according to one technical indicator, and any weak US data may see the precious metal turn higher in the short-term
from DailyFX – Market News https://bit.ly/4bKVL49
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