US Dollar Sees Limited Volatility Ahead of Employment and Growth Data

The US dollar is experiencing limited volatility in early European trade, with traders anxiously awaiting the release of weekly employment and quarterly growth data. These key economic indicators could provide critical insights into future Federal Reserve action, influencing the direction of the currency in the weeks and months to come..

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Inflation data from Germany calms concerns over banking sector; Investors shift focus to inflation for central bank’s next rate moves

Investors around the world were keeping a close eye on inflation data from German states on Thursday as concerns over the banking sector receded. After weeks of volatility, the U.S. dollar and euro steadied, but the focus shifted to inflation for more hints on central banks’ next rate moves. According.

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Venezuela’s Crackdown on Corruption in State Oil Company PDVSA Linked to 2024 Election Preparations

Introduction Venezuela has been struggling with economic and political instability for several years now, with its state-run oil company, PDVSA, being a significant contributor to the country’s woes. In recent months, the Venezuelan government has been cracking down on alleged corruption at PDVSA, which many believe is motivated by the.

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Asian Currencies Fall on Persistent Fears of Banking Crisis

Introduction Asian currencies experienced a fall on Monday, March 27th, 2023, due to the persistent fears of a banking crisis, causing investors to remain cautious of risk-driven assets. Additionally, a weak economic indicator from China has also dampened optimism over a recovery in Asia’s largest economy. This article will explore.

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Egyptian Pound Devaluation Continues Despite Efforts from Central Bank

The Egyptian pound has been a topic of concern for the country’s economy, as it has lost significant value over the past year. The official exchange rate of the currency has been halved in that time, but recent developments suggest that the devaluation may need to continue. The pound has.

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Asian Currencies Retreat as Treasury Yields Bounce Back

Asian currencies retreated on Wednesday, following a sharp bounce in Treasury yields, which eased fears of a banking crisis. As a result, some bets on the Federal Reserve’s ability to keep raising interest rates rekindled. The dollar also regained some ground against a basket of currencies in Asian trade, but.

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Dollar Index set for 2.1% monthly fall due to banking industry problems

Introduction: The Dollar Index is a measure of the US dollar’s value relative to a basket of six major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. It is used as a benchmark for global investors, who use it to assess the health of.

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Japan’s Central Bank to Launch Digital Yen Pilot Program in April

The Bank of Japan (BoJ) has announced that it will launch a pilot program in April to test the use of digital yen. This move follows other countries such as China, Sweden, and Canada, who are ahead in launching their own central bank digital currencies (CBDCs). The digital yen aims.

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Dollar Rises Against Yen as Investors Await Clarity on Banking System Fallout

The US dollar rose to a five-day high against the Japanese yen on Monday, as investors looked for safe-haven assets amid concerns about the global banking system. The dollar traded at 109.32 yen, up 0.2% from the previous day’s close, after hitting a five-day high of 109.38 yen earlier in.

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Japanese Yen Leads Gains in Asian Currencies as Traders Pivot into Risk-Driven Assets

The Japanese yen has been leading gains in Asian currencies as traders pivot towards more risk-driven assets. This shift comes as concerns over an imminent banking crisis ease, with market sentiment improving in recent days. This article will delve deeper into the factors driving this shift in investor sentiment, as.

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Pound Steadies as Bank of England Governor Reaffirms Inflation-Driven Policy

The pound held onto its gains against the dollar on Monday, after Bank of England Governor Andrew Bailey reiterated that inflation remains the primary driver of monetary policy decisions, despite concerns about the banking industry. GBP/USD rose by 0.45%, hovering near its daily high at $1.2285. The pound has been.

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Receding Banking Crisis Fears Weaken Safe Haven Demand and Cause US Dollar to Fall

Introduction: On Tuesday, the US dollar experienced a small decline in value as investors’ fears over a potential banking crisis began to dissipate. This resulted in a decrease in demand for safe-haven assets, which have been popular in the face of economic uncertainty. In this article, we will explore the.

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