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Central Bank Comments Boost US Dollar

The US dollar is higher across the board after geopolitical tensions have eased and Fed speakers are making a case for a faster rate hike for US interest rates. The hawkish comments from Fed’s Loretta Mester contrasted with dovish comments from the European Central Bank (ECB) and Bank of England (BoE) officials which put downward…

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EUR/CHF – Swiss National Bank Deja Vu

Friday April 20: Five things the markets are talking about Global equities are closing out the week on the back foot, stressed mostly by technology stocks coming under earnings-related pressure. U.S Treasury yields are holding above the psychological +2.90% as German Bunds steadied and U.K gilts pared yesterday’s losses. In FX the ‘big’ dollar has…

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DAX Trading Sideways, German Inflation Report Ahead

The DAX index is steady in the Thursday session. Currently, the DAX is trading at 12,576 points, down 0.11% on the day. On the release front, the eurozone current account surplus dropped to EUR 35.1 billion, but beat the estimate of EUR 32.3 billion. On Friday, Germany releases PPI and the Eurozone publishes consumer confidence.…

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Dollar Supported by Higher Yields

Thursday April 19: Five things the markets are talking about Euro equities are struggling for traction after two consecutives session of gains while Far East bourses rallied to new monthly highs on investor optimism over global growth. Most commodities prices have gained as metals including aluminum and nickel extended their rally. Sovereign yields are somewhat…

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Turkey’s Erdogan declares early elections on June 24

Turkey’s Tayyip Erdogan on Wednesday called a snap presidential and parliamentary election on June 24, more than a year earlier than planned, saying the country urgently needed to make the switch to an executive presidency. Bringing the elections forward means that they will take place under a state of emergency that has been in place…

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Fed Rhetoric to Drive Dollar

US central bank members in full force on Friday The USD appreciated during the week against major pairs. The currency got a boost from the release of the minutes from the January Federal Open Market Committee (FOMC) meeting. The brief statement was slightly hawkish, but the full notes from the meeting revealed the US central…

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