News
Important Only
Canadian Dollar slips back on Wednesday as markets reassess BoC rate decision
FxstreetJul 17, 2024
US Dollar declines despite strong housing data, dovish bets on the Fed weight
FxstreetJul 17, 2024
Russia Producer Price Index (YoY) fell from previous 16.2% to 14% in June
FxstreetJul 17, 2024
Russia Producer Price Index (MoM) dipped from previous 1.6% to -1.5% in June
FxstreetJul 17, 2024
DXY: Turns bearish across the board – DBS
FxstreetJul 17, 2024
China: A one road initiative towards economic reforms? – Rabobank
Economic Indicator
China: A one road initiative towards economic reforms? – Rabobank
China’s third plenum, which lasts from 15th until the 18th of July, is the most important plenum when it comes to new economic policies and reforms, Rabobank’s Senior Macro Strategist Teeuwe Mevissen notes.Fxstreet
Jul 17, 2024
Forex
GBP/USD Price Analysis: Surges above 1.3000 post UK inflation data
The Pound Sterling has climbed sharply, breached the 1.3000 figure for the first time since July 19, 2023, and exchanged hands at 1.3020 above its opening price by 0.36%, following a mixed inflation report in the UK.
Fxstreet
Jul 17, 2024
Economic Indicator
Fed's Barkin: Will debate at July meeting whether still appropriate to describe inflation as elevated
Richmond Federal Reserve President Thomas Barkin said on Wednesday that he is sure policymakers will debate at the July policy meeting whether it is still appropriate to describe inflation as elevated, per Reuters Key takeaways "Looking for low inflation to sustain and broaden; starting to see the broadening." "No one 25-basis-point interest rate cut matters one way or the other; the issue is when to change the narrative." "US labor market remains quite healthy." "Recent housing inflation data wasFxstreet
Jul 17, 2024
Forex
GBP/USD: Gains to target a return to the 1.3150 zone – Scotiabank
Cable has taken advantage of the generally weak US Dollar (USD) and some slightly hotter than expected UK CPI data to advance through the 1.30 point to reach its highest in a year, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Jul 17, 2024
