De-dollarisation: Yuan’s Growing Use Challenges the Iron-clad Global Role of the Greenback
In recent years, the global financial landscape has witnessed a growing trend towards de-dollarisation, as nations seek alternatives to the hegemony of the US dollar. The emergence of the Chinese yuan as a potential contender, along with other alternative currencies,…
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EUR/USD Hits a Brutal Four-Week Low Amid Cautious Market Mood, Concerns over Interest Rates and Debt-Ceiling Issues
EUR/USD hits a brutal four-week low at 1.0740 in the Asian session. The major currency pair has faced immense selling pressure as the market mood has remained cautious. Market sentiment has turned negative as investors are worried that if the…
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Federal Reserve Leans Towards a More Cautious Approach as Policy Debates Continue, While the US Dollar Remains Strong
The Federal Reserve's recently released minutes from its May 2-3 meeting have revealed a shift in the central bank's stance, indicating a preference for a more cautious approach amidst ongoing policy debates. At the meeting, the Federal Reserve voted to…
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SA Inflation Hits Levels Last Seen in May 2022
The USD/ZAR exchange rate is attracting attention as South Africa experiences a significant rise in inflation, reaching levels not seen since May 2022. This surge in SA inflation has sparked discussions about the upcoming interest rate decision by the South…
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Forex Managed Accounts: The Key to Effortless Account Management
Introduction In the fast-paced world of foreign exchange trading, many investors are seeking effective solutions to maximize their returns while minimizing the time and effort required. This is where Forex managed accounts come into play, offering a convenient and efficient…
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