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The dollar is losing ground following a surprise rate cut by the Chinese Central bank
FOREX The US dollar started the week on the back foot, following a surprise rate cut by the Chinese Central bank, which boosted risk related assets. The move by the PBOC offered support to risk related currencies, in a dynamic that penalized the dollar, seeing it lose ground to its peers, with the exception of[…]
Gold prices are on the rise
GOLD Gold prices are rising during early Friday trading. The precious metal is on track for its best week since November, with its gains reflecting the losses of the US dollar due to the inverted correlation between the two assets. The US currency lost more than 1% in relation to other majors over the course[…]
US inflation numbers are going up
FOREX The US dollar is on the back foot during early Thursday trading, losing ground to other major currencies. Markets were already readjusting expectations following Fed chairman Jerome Powell’s declarations to a senate committee earlier in the week, where he used a tone that was perhaps less hawkish than some had expected. Added to this[…]
