Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger than expected consumer inflation data. Sterling also firms up mildly earlier today, but lacks follow
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Inflation data from Canada released on Wednesday, showed larger-than-expected numbers. According to analysts at the National Bank of Canada, price pressures are mounting in Canada but they think is a transitory phenomenon. Key Quotes: “Canada’s consumer price index rose 0.5% in May (not seasonally adjusted), one tick above consensus expectations.” “Although less acute than south of
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Forex news for Asia trading on Wednesday 16 June 2021 There were some minor moves across major forex rates during the Asian session here today with some position-squaring (and opening!) continuing heading into Wednesday US Federal Reserve Federal Open Market Committee decision and Chair Powell’s press conference following. EUR/USD has ticked a few points lower
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In this article ORCL Safra Catz, co-chief executive officer of Oracle Corp. David Paul Morris | Bloomberg | Getty Images Oracle shares fell 3% in extended trading on Tuesday, even though the enterprise software maker issued earnings that came in better than analysts had expected and showed accelerated revenue growth as the pandemic receded. Here’s
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With the Australian-Sino relations on tenterhooks, the OZ Trade Minister Dan Tehan said that his government is legally preparing itself before asking the World Trade Organization (WTO) to resolve its wine-tariff trade dispute with Beijing, per South China Morning Post (SCMP). Key takeaways The WTO action was “under active consideration” and Australia would be “making
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