Revolutionary Impact of RBI’s Strategic Withdrawal Decision: 88% of 2000-Rupee Notes Returned Since
In a momentous announcement, the Reserve Bank of India (RBI) disclosed that 88% of the country's highest denomination 2000-rupee currency notes, totaling a staggering 3.14 trillion rupees ($38.17 billion), have been returned since RBI's strategic withdrawal decision to take them…
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RBA’s Decision to Pause Sparks Australian Dollar Whipsaw: Impact on AUD/USD Market Turmoil
The Australian Dollar witnessed a rollercoaster ride after the RBA's decision to pause its monetary tightening cycle, leaving the cash rate at 4.10%. The unexpected pause caught some by surprise, leading to fluctuations in the AUD/USD exchange rate. Traders and…
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Unstoppable Trend: Food Inflation and the Persistent Factors Behind It.
By now, we've probably surrendered to the fact that food prices will continue to get more expensive around the world. Here in Canada, the average grocery bill just keeps on rising, and to some households, it's now borderline unaffordable. For…
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US Dollar Forecast: ‘Soft Landing’ Narrative Gains Traction Post FOMC
The US Dollar has been on a roller-coaster ride, witnessing mixed performance in the aftermath of the latest Federal Open Market Committee (FOMC) meeting. As the week unfolded, the greenback showed signs of strength, hinting at a potential soft landing…
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EUR/USD Weekly Forecast: Economic Data and Inflation Numbers Set the Tone for a Volatile Week
As the EUR/USD weekly forecast unfolded, the currency pair witnessed a roller-coaster ride during the last week of trading, ignited by economic data from the U.S. that sparked a firestorm of activity in the Forex market. With the new week…
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