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Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts
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Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.
US Dollar steady after Jobless Claims opens door for Fed easing in December
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The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.
GBP/USD Price Forecast: Drops on risk-aversion, sellers eye 1.2600
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The Pound Sterling tumbled against the US Dollar early during the North American session as traders digested the escalation of the Russia-Ukraine conflict, the result of the US Presidential Elections, and hot UK inflation data.
Crude Oil tests $70 after ICC issues international arrest warrant for Israel's PM Netanyahu
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Crude Oil prices is breaking above $70 on headlines from the International Criminal Court in Ter Hague that has issued an arrest warrant from Israel's Prime Minister Benjamin Netanyahu. On Wednesday, Oil already tried to overcome the round $70 level,
GBP/USD: Little changed on the day – Scotiabank
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UK government borrowing (GBP17.4bn) rose well ahead of expectations in October while the CBI’s latest industrial trends survey suggested some moderate improvement in orders for UK manufacturing, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
EUR/GBP Price Forecast: Returns to comfort of the range
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EUR/GBP continues trading in a range. The pair is probably now in a sideways trend and given the principle of technical analysis that “the trend is your friend” it will probably continue oscillating until it makes a decisive breakout one way or another.
Guarding against complacency in escalating Ukraine-Russia conflict – DBS
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The Dollar Index (DXY) rose 0.7% to a high of 106.92 on geopolitical risks before better tech earnings fuelled a late US stock market rally and lowered the DXY to 106.65 overnight, DBS’ Senior FX Strategist Philip Wee notes.
USD/INR rises as weak local equities drag Indian Rupee to all-time low
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The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.
Fed’s Williams sees inflation cooling and interest rates falling further
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In a Barron’s interview published on Thursday, New York Federal Reserve Bank (Fed) President John Williams said that he “sees inflation cooling and interest rates falling further.” He further noted that “2% is the rate that can best balance the central bank’s employment and price stability goals.” .
ECB’s Villeroy: Balance of risks on growth and inflation is shifting to the downside
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Speaking at a conference in Tokyo on Thursday, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said that “the balance of risks on growth and inflation is shifting to the downside.” Additional comments Victory against inflation is in sight in Europe.