Category: Jul
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Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
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Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower commodity and stock prices. Today saw a reflection…
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Forexlive Americas FX news wrap 12 Jul: PPI not as friendly as the CPI
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Yesterday, the US CPI was a good number, coming in below expectations. Today, the PPI data was the exact opposite. Not only were the headline numbers for the month higher, but the previous months were also revised higher. The US dollar and yields initially rose after the report, but memories…
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Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.
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Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…