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USD: Fed does not move the needle – ING
The US Dollar (USD) failed to hold very modest gains from the initially hawkish-sounding FOMC statement. Subsequent clarification comments from Chair Jay Powell through the press conference saw both USD rates and the dollar hand back those gains, ING's FX analyst Chris Turner notes.Fxstreet
Jan 30, 2025
German economy fell by 0.2% in fourth quarter
BERLIN, Jan 30 (Reuters) - Germany's gross domestic product fell more than expected, by 0.2%, in the fourth quarter compared with the previous three-month period, preliminary data from the statistics office showed on Thursday.Analysts polled by Reuters had forecast a 0.1% quarter-on-quarter decr...Reuters
Jan 30, 2025
EUR: Dovish ECB could weigh on EUR/USD – ING
It is a busy day for the European calendar dominated by GDP releases and the ECB meeting. France has just released a weaker-than-expected fourth-quarter GDP reading of -0.1% QoQ. Consumption and business investment were the weak links, ING's FX analyst Chris Turner notes.Fxstreet
Jan 30, 2025
