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© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Friday, but was heading for a sharp weekly loss after cooling inflation spurred growing bets that the Federal Reserve has completed its series of rate hikes. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of
Share: Mexican Peso climbed on Friday, but the USD/MXN shows weekly losses of more than 1%.. Banxico’s decision to maintain interest rates at 11.25% and a shift in language hinting at less hawkish future policy impacts the Peso. Federal Reserve Chair Jerome Powell commented that the Fed would not hesitate to adjust monetary
SoftBank books another quarterly loss, as investment hits offset Arm FULL STORY Its Vision Fund investment unit, meanwhile, booked an investment profit of 21.4 billion yen in the latest quarter, having made a 160 billion yen profit three months earlier. The net loss at group level of 789 billion yen compares with a 3.01 trillion
© Reuters Investing.com – The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. At 03:20 ET (07:20 GMT), the Dollar Index, which
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Share: The Greenback lost substantially on Thursday after Powell did not bring anything new to the table. A very light data calendar on Friday offers room for traders to digest past week events. The US Dollar Index strengthened somewhat on Friday amid escalating tensions in the Middle East. The US Dollar (USD) lost
Share: Patrick Artus of Natixis is out with a flash note regarding complications for the European Central Bank (ECB) as the central bank looks ahead to a looming confidence crisis. What are the consequences of the ECB’s loss of credibility? If we measure a central bank’s credibility on the basis of long-term inflation
Share: Mexican Peso gained on Friday but printed more than 4% weekly losses. Mexico’s economic docket will feature inflation data in the next week. USD/MXN set to extend its gains after printing a new cycle high at around 18.48. Mexican Peso (MXN) finished the week with solid gains vs. the US Dollar (USD)