It is fair to say that the Reserve Bank of Australia (RBA) would already be cutting interest rates if not for the nation’s low unemployment rate of 3.9%. Australia’s economic growth is insipidly weak, with...
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EUR/USD sees a sharp decline after the Federal Reserve cuts rates by 25 basis points but indicates a slower pace for future reductions. Cleveland Fed President Beth Hammack cast a dissenting vote, preferring to keep...
The Australian Dollar recovers daily losses after the release of Consumer Inflation Expectations on Thursday. Australia’s Consumer Inflation Expectations increased to 4.2% in December from the previous 3.8% rise. The US Dollar Index (DXY) marked...
NZD/USD tumbles to near 0.5630 in Thursday’s early Asian session, down 0.43% on the day. Weaker-than-expected New Zealand’s GDP data weighs on the Kiwi. The Fed announced a quarter-point cut to its key interest rate...
The Indian Rupee attracts some sellers to an all-time low in Thursday’s Asian session. Persistent demand for USD and a cautious outlook from Fed officials might add further pressure on the INR. The US weekly Initial...