Category: rate
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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China’s surprise rate cuts will not hurt a fragile yuan, analysts say By Reuters
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SHANGHAI (Reuters) – China surprised markets by cutting a series of key short- and long-term interest rates on Monday in a bid to boost growth in the world’s second-largest economy. Analysts said the move showed that the yuan, which has been battered all year by its low yields versus U.S.…
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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Bundesbank calls for rate cuts to be “carefully considered” as inflation risk persists
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
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The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
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Heads up for China rate setting coming up on Monday
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The People’s Bank of China announced key interest rates for one-year and five-year loans on Monday, The announcement is usually on the 20th of the month, but since that day is Saturday, it will be on Monday instead. Earlier this week, we conducted a monthly setup for the Medium-Term Lending…
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Shiba Inu Burn Rate Sees Epic 874% Spike Amid Market Rebound
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The Shiba Inu burn rate has seen a significant recovery over the past day as the number of tokens sent to the burn address has increased significantly. This recovery comes at a time when the cryptocurrency market has started to move towards the green again, and digital assets like Shiba…
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Shiba Inu Burn Rate Sees Epic 874% Spike Amid Market Rebound
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The Shiba Inu burn rate has seen a significant recovery over the past day as the number of tokens sent to the burn address has increased significantly. This recovery comes at a time when the cryptocurrency market has started to move towards the green again, and digital assets like Shiba…
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European shares open higher, ECB rate verdict on tap By Reuters
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(Reuters) – European shares opened higher on Thursday, led by energy shares, while investors also awaited the European Central Bank’s interest rate decision, due later in the day. Qatar’s main index rose 0.2% at 0711 GMT and was on track to end a three-session losing streak. Oil and gas helped…
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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UBS raises EUR/USD forecast amid US data and Fed rate cut prospects By Investing.com
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UBS revised its exchange rate forecasts, citing a lack of strength in the US dollar despite expectations that some political events would support it. Contrary to these expectations, gold and bitcoin prices rose, but not the US dollar. UBS’s adjustment reflects a complex interplay of factors, including recent weak U.S.…
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U.K. CPI Rate Held Steady in June but Services Price Growth Rate Remains Elevated
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As widely expected, UK annual inflation has decided to take a breather this summer, with the consumer price index (CPI) growth rate remaining unchanged at 2.0% year-on-year in June 2024, according to the latest figures from the Office for National Statistics. Link to UK Consumer Price Inflation: June 2024 the…
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Universal credit tax rate hindering employment efforts
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The new government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. This is what Robert Salter, technical director at tax and audit consultancy Blake Rothenberg, pointed out, highlighting the issue in light of the recent King’s Speech, in which the government…
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Dow surges 742 points and small caps rally as investors bet big on Fed rate cuts
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The Dow Jones rose more than 700 points on Tuesday.Getty Images The Dow Jones rose more than 700 basis points on Tuesday. Small-cap stocks saw the biggest gain as bets on lower interest rates helped drive rotation to other parts of the market. Retail sales also encouraged investors, easing concerns…
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New Zealand CPI eases more than expected in Q2, pushes RBNZ rate cut bets By Investing.com
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New Zealand’s consumer price inflation rate fell more than expected in the second quarter, boosting bets that the economy is slowing at a pace that could prompt an interest rate cut by the Reserve Bank. China’s gross domestic product grew 3.3% year-on-year in the three months to June 30, government…
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Trump disagrees with a September Federal Reserve rate cut – wants rates higher for longer
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Trump is leading in the polls to win the November presidential election, and he has bad news for borrowers. He said in an interview with Bloomberg that he does not want the Federal Reserve to cut interest rates in September, as is the case now in the market. Trump wants…
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Simon Property closes 7th straight session of gain as most REITs advance on rate cut hopes
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jetcityimage/iStock Editorial via Getty Images Simon Real Estate GroupNYSE:SPG) closed a seventh straight session of gains on Tuesday, July 16, as real estate investment trusts saw a fresh surge in stock prices on the back of economic data supporting the case for interest rate cuts. The arrow is finished Trading…
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Dollar limping, but set to fightback as Fed rate cuts now priced in: Macquarie By Investing.com
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Investing.com – The U.S. dollar has found its footing after a few weeks of struggle, but as bears sharpen their claws for another strike, some are pointing to favorable fundamentals including pricing in interest rate cuts that will provide the greenback with plenty of resistance. The dollar has “clearly suffered…