September 2022

Erdogan says Turkey will keep cutting interest rates, mocks British pound

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey will keep cutting interest rates,

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USD/CAD eases from two-year high above 1.3700 as oil bears pause ahead of US macro

USD/CAD probes five-day uptrend, retreats from 28-month top. Risk-aversion underpinned US dollar, drowned oil prices amid fears of aggressive central bank actions, recession. US Durable Goods Orders, CB Consumer Confidence will be important for immediate directions. Rush to risk safety can keep USD/CAD buyers hopeful even if the US data disappoints. USD/CAD bulls take a

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