Euro Gains on British Pound as Hopes Rise for Hormuz Deal
The euro firmed against the British pound on Tuesday, driven by growing hopes that a diplomatic agreement could ease tensions in the Strait
Forex News
Forex News
Why the Dow Jones Industrial Average Overlooked the Latest Inflation Revision
The Dow Jones Industrial Average traded higher on Thursday, largely ignoring the latest revision to U.S. inflation data that showed consumer prices rose
Forex News
Swiss Franc Slips Against US Dollar as PCE Inflation Runs Hotter Than Expected
The Swiss franc weakened against the US dollar on Friday after the latest Personal Consumption Expenditures (PCE) price index — the Federal Reserve’s
Forex News
US 5-Year Note Auction Yield Slips to 4.393% as Demand Holds Steady
The U.S. Treasury’s 5-Year Note auction on [Date of auction] drew a high yield of 4.393%, down from the previous auction’s 4.408%, reflecting
Forex News
Pound Sterling Outlook: GBP/USD Slips as Sticky US Inflation Revives Fed Rate Hike Bets
The British Pound retreated against the US Dollar on Friday, with the GBP/USD pair sliding as a fresh reading on the US Personal
Forex News
Pound Slips as Sticky US Inflation Revives Fed Rate Hike Bets
The British Pound retreated against the US Dollar on Friday as hotter-than-expected US inflation data, measured by the Personal Consumption Expenditures (PCE) price
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Bitcoin vs Gold: Rally Cools as US PCE Inflation Holds Steady
The recent rally in Bitcoin and gold has cooled as the latest US Personal Consumption Expenditures (PCE) price index showed inflation holding steady,
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Russia’s Industrial Output Grows 0.4% in July, Missing Market Forecasts
Russia’s industrial output rose 0.4% in July compared with the same month last year, according to data released by the Federal State Statistics
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Meta shares shrug off legal woes, but bigger cases loom
Meta’s share price has continued to climb despite a string of legal setbacks, but the company faces even more significant courtroom battles in
Forex News
US Core PCE Inflation Rises 3.7% in Q2, Topping Forecasts and Complicating Fed Rate Path
The U.S. core Personal Consumption Expenditures (PCE) price index rose 3.7% in the second quarter of 2024 on a quarter-over-quarter basis, exceeding the