AUD/USD Bulls Energized by PBoC Rate Cut and Mixed Data, Targeting 0.6800 Amid US Inflation Focus
AUD/USD gains traction, reaching intraday highs, benefiting from the weakness of the US Dollar and cautious market sentiment. The rate cut by the People's Bank of China (PBoC) and mixed Australian data contribute to the positive outlook. Investors eagerly await…
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Oil Prices Plummet Despite Saudi Production Cut, Approaching Multi-Week Lows
Oil prices have been facing persistent downward pressure, continuing their post-OPEC+ slide and approaching multi-week lows, despite the recent Saudi oil production cut. The announcement of a one million barrels per day reduction on June 4 initially sparked a sharp…
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Mastering Inflation: Harnessing the Power of High Interest Rates for Effective Combat
Price inflation in an economy is influenced by money supply growth and changes in productivity and resource abundance. Fast bank lending and fiscal deficits, along with the impact of high interest rates, can create inflation, while austerity and private sector…
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The European Central Bank’s Unstoppable Interest Rate Hikes Strengthen Eurozone Economic Outlook Amid Recession
As the Eurozone grapples with a surprise recession, the European Central Bank (ECB) stands firm in its commitment to combat inflation through a series of interest rate hikes. Despite the economic headwinds, the ECB remains resolute in its pursuit of…
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Commerzbank: Possibilities of Upside Potential in EUR/CHF Strengthen as Swiss Inflation Continues to Plummet
Commerzbank Economists Analyze SNB Policy Outlook and Its Impact on EUR/CHF Pair Swiss National Bank's Willingness to Accept EUR/CHF Depreciation to Increase "A further rate hike at the SNB’s meeting next week is likely to be a fait accompli. A…
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