Category: rate
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Greenback strength to persist on delayed Fed rate cut calls By Reuters
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Written by Sarobiya Ganguly BENGALURU (Reuters) – The US dollar’s rise will remain steady and may trade more strongly than expected in the coming months if policies from the Federal Reserve and other major central banks diverge, according to forex strategists polled by Reuters. The dollar has recovered from the…
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Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
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Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
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Asia FX weak as Fed does little to soothe rate fears; yen rebound stalls By Investing.com
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Investing.com — Most Asian currencies held a narrow range on Thursday, benefiting slightly from a lower dollar, as the Federal Reserve said interest rates were unlikely to fall in the near term, although they were unlikely to rise either. This kept the Japanese yen’s recovery short-lived, with the currency weakening…
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Stocks rally after Fed decision as Powell soothes rate nerves
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I’ve always been very critical of Starbucks (SBUX). I remember working for the company as a stock analyst and spending weeks inside its stores studying the workflow in each department. It was an extreme exercise that won me no fans among Starbucks management (especially with former CEO Howard Schultz), but…
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New Zealand Economy Shed Jobs in Q1, Unemployment Rate Rose to 4.3%
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The New Zealand economy unexpectedly lost jobs by 0.2% on a quarterly basis in the first quarter of 2024, raising the unemployment rate from 4.0% to 4.3% over the period. The principal components revealed that the labor force participation rate fell from 71.9% to 71.5%, indicating that people may be…