Category: softer
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Softer US auto sales highlight the pain from higher rates
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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USD/CAD edges higher after softer retail sales data and PPI. BOC cut odds rise
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USD/CAD 10 minutes The Bank of Canada’s July decision is shifting more decisively toward a rate cut after weak retail sales and PPI numbers today. The market now places a 73% chance of a successive cut. Retail sales matched estimates of +0.7% for April but the advance report for May…
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flat at $67k amid rate cut cues, softer inflation By Investing.com
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Investing.com — Bitcoin’s price moved slightly on Thursday after a choppy session, as the Federal Reserve’s expectations for longer interest rate hikes largely overshadowed some signs of slowing inflation in the near term. It rose 0.4% over the past 24 hours to $67,484.6 by 02:05 ET (06:05 GMT). The coin…
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EUR/GBP edges up, softer UK employment data not material for sterling By Investing.com
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Investing.com – The pair rose 0.2% on Tuesday. The move came after reports indicated a larger-than-expected decline in employment in the UK along with earnings numbers that were marginally lower than expected. “The Bank of England has warned that this could be indirectly affected by data issues affecting the labor…
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USDCAD bounces back higher after sellers had their shot and missed after the softer jobs.
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The US dollar fell against the Canadian dollar after a weaker than expected US jobs report. That downward movement stopped against the old ceiling area between 1.36049 and 1.36154. The price started to bounce back to the upside. The move to the upside was able to expand back above the…