by Julian Benson | Oct 2, 2024
Jerome Powell, chair of the US Federal Reserve, indicated in a speech on Monday that the central bank expects to implement two additional rate cuts by the end of the year, which is currently less than market estimates. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Julian Benson | Oct 2, 2024
As eurozone headline inflation came in at 1.8% in September, down from 2.2%, core inflation (which excludes food and fuel) slipped to 2.7% from 2.8%. These results came in below target and have raised economists’ expectations for a sizeable 50 basis point rate cut in...
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by Julian Benson | Oct 2, 2024
S&P Global revealed that the UK manufacturing PMI, which measures the industry’s performance, fell to 51.5 in September 2024 from 52.5 in August. The decline reflects a loss on last month’s performance, however, all readings above 50 signal growth so the sector...
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by Julian Benson | Oct 2, 2024
The US dollar was the top-performing currency yesterday, strengthening by a cent against the pound and just over half a cent against the euro. These gains were likely influenced by a surge in US job openings in August. The Bureau of Labor Statistics revealed that the...
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by Jonathan Cook | Oct 1, 2024
The US dollar fluctuated on Monday as currency markets looked to the Federal Reserve for guidance on interest rates. As has often been the case this year, interest rates expectations are having as large an impact on currency pairs as other economic indexes. EUR/USD:...
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