Author: Charty
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Forex Market Moves Today | US dollar weakens 📉
The Forex market is trading mixed in early trading on Thursday, August 31, 2023. The US dollar is slightly weaker against most major currencies, while the euro is slightly stronger. The euro is benefiting from positive economic data out of Europe. German inflation data came in higher than expected, while French industrial production data also…
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Forex Moves Today: US Dollar Strongest Performer, Euro Weakens
The Forex market is mixed on Wednesday, August 9, 2023, with some currencies gaining ground while others are losing value. The US dollar is the strongest performer today, rising against most of its major counterparts. The euro is the weakest currency, falling against the dollar and other major currencies. Here are some of the top…
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Forex Market Wraps: US Dollar comes out on top
The forex market was mixed this Friday, as traders digested a number of economic data releases and central bank decisions. The US dollar was the big winner, as it strengthened against most of its major counterparts.The Euro is weakening against the US Dollar. The Euro is down 0.7% against the US Dollar today. The Euro…
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Forex Moves Today: Dollar Strengthening against most Major Currencies
The US Dollar is strengthening against most major currencies. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of major currencies, is up 0.5% today. The Dollar is being supported by rising interest rates in the United States, as well as by concerns about the global economic outlook.…
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Warren Buffett’s Timeless Investment Strategies: A Proven Path to Success in the Stock Market
Warren Buffett, often referred to as the “Oracle of Omaha,” is one of the most successful and admired investors of our time. With a net worth in the billions, his investment strategies have stood the test of time, earning him a reputation as a financial guru. Over the years, his advice has proved correct, and…
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Forex Moves Today: Dollar Consolidates, Yen Plunges, Sterling Recovers
The forex market is relatively subdued today, with the dollar consolidating after its recent rebound. The euro is under pressure, while the yen plunges to its lowest level in over two decades. Sterling recovers after strong retail sales data. Dollar Consolidates The dollar index, which measures the greenback against a basket of six major currencies,…
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XRP Wins Partial Victory Against SEC in Landmark Ruling
In a landmark ruling for the cryptocurrency industry, a U.S. judge on Thursday found that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges. The ruling, which was a partial victory for Ripple, is a major setback for the SEC and could have far-reaching implications for the regulation…
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Pound Sterling Hits 15-Month High on Wage Growth Data
The pound sterling hit a 15-month high against the dollar on Thursday as data showed that wage growth in the UK accelerated in June. The average hourly wage rose by 4.8% year-on-year, which was the fastest pace of growth since 2008.
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Bank of Canada Hikes Rates by 25 Basis Points, Warns of Slowing Inflation
The Bank of Canada raised interest rates by 25 basis points on Wednesday, as expected. The central bank’s target for the overnight rate is now 2.25%.
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US Dollar Weakens as Inflation Data Misses Expectations
The US dollar weakened on Thursday as inflation data for June missed expectations. The Consumer Price Index (CPI) rose 8.6% year-on-year, which was below the consensus forecast of 8.8%. This was the first time in eight months that inflation had come in below expectations.